Bitcoin ETFs See Net Inflows Amid Cryptocurrency Declines

Cryptocurrency markets fell by 1-3% overnight, with Bitcoin dropping 1% to $63,000. However, despite this decline, Bitcoin ETFs saw net inflows, indicating renewed institutional investor interest and potential price stabilization.

This trend is significant as it reverses a two-month outflow pattern. Key upcoming events that could impact the market include the mid-July inflation report and the Federal Open Market Committee meeting on July 28-29.

Blockchain developments continue with NEAR's mainnet upgrade and Zcash's planned Ironwood upgrade, alongside strong decentralized exchange activity on Robinhood Chain.