Crypto News Today (July 9): BTC Back Above $63K, AscendEX Exchange Halts Operations, and BNB Chain Reveals New Layer-1

In crypto news today (July 9), Bitcoin has bounced back from yesterday’s pullback, climbing above $63,000 and up +0.5% over the past 24 hours. Liquidations have slowed considerably since yesterday, dropping from over $350M to $282M, with over $183M of that figure coming from long positions, signaling that bulls still haven’t learned their lesson from the past few days.

Yesterday saw a second consecutive day of positive ETF flows for Bitcoin, a metric that is helping the market in its recent rally. Over $265M in BTC was bought via ETFs yesterday, with over $200M of that coming from BlackRock’s IBIT after it sold nearly $10Bn over the past ten sessions.

While the majority of tokens experienced a slight retracement overnight, Zcash (ZEC) and Monero (XMR) are two of the more notable projects in the green today, with privacy-focused projects defying the odds, up +5.5% and +2%, respectively.

The Fear & Greed Index is still sitting firmly in ‘Extreme Fear’, but climbing two points from 20/100 to 22/100 today. It is unlikely that the index breaks out of the extreme fear phase until Bitcoin is firmly trading back above $70,000.

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Alex Ioannou

On-Chain Journalist

Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging “meta” trends and high-volatility narratives. Notably, Alex…
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