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Phemex Crypto Market Daily: BTC, ETH Slip as Altcoins Face Broad Declines; BEAT Surges on Whale Activity (Jul 23)
Key Takeaways:
1. Macro Environment UK CPI inflation eased to 2.6% in June, reducing pressure on the Bank of England and supporting risk assets. The US Federal Reserve signals a possible rate hike by September, with persistent inflation potentially limiting crypto upside. The EU is finalizing new sanctions on Russian banks and crypto platforms, raising cross-border compliance risks. 2. Crypto Market The crypto market saw mild declines over the past 12 hours, with BTC down 0.82% to $65,882 and ETH slipping 0.31% to $1,928. Most altcoins traded lower; Midnight (NIGHT) dropped 10.63%, GRAM (GRAM) fell 2.75%, and Venice Token (VVV) lost 2.01%. Audiera (BEAT) bucked the trend, rising 6.68% on whale accumulation and strong futures activity. 3. Today's Outlook Key events today include the opening of the Hey ANON DAO vote for ANON holders, Chia Toronto 2026 gathering the Chia community, and Web3 Investor Day 2026 Chicago focusing on digital assets and tokenization. No major token unlocks are scheduled.
