Analysts at Wintermute noted a noticeable recovery in inflows to cryptocurrency funds. American bitcoin spot funds have raised more than eight hundred million dollars in a week. The ether-based funds additionally received about two hundred and forty million dollars. This cumulative capital inflow was the best weekly result since mid-spring. More than eighty percent of all funds went to BlackRock products. Experts consider this to be a sign of the gradual formation of positions by large institutional investors. However, the total price of bitcoin has not yet demonstrated adequate financial strength. The asset rose above sixty-five thousand dollars after the publication of the macro data. Cryptocurrency has failed to significantly outperform other traditional risky financial assets. Analysts assume that there is a significant supply from active sellers in the market. One week of inflows is not enough to confirm a stable upward market trend.

The cryptocurrency market received significant support after a weak employment report. In July, the number of jobs in the United States unexpectedly decreased by twenty-three thousand. Analysts initially expected a steady increase in this important macroeconomic indicator. The weakness of the labor market has become a weighty argument for easing monetary policy. The probability of a September increase in the discount rate of the Federal Reserve System has significantly decreased. The yield on ten-year U.S. Treasury bonds quickly dropped to 4.6 percent. The next critical test for investors will be the consumer price index. The official publication of these data is scheduled for the twelfth of August this year. High inflation may again increase the likelihood of a tightening of the monetary policy of the regulator. This will create a serious risk of reversal of the recent rally of all risky assets. Market participants continue to closely monitor every U.S. macroeconomic report.

The institutional sector continues to actively transfer financial infrastructure to blockchain technology. Experts drew attention to the new plans of a large Wells Fargo bank. This financial institution plans to launch special tokenized deposits in the fall. The first will be the corridor between the US dollar and the British pound. In the future, the bank plans to significantly expand this ambitious technological project. Traditional banks are still using blockchain to modernize their own settlement infrastructure. They don't integrate crypto assets so much as they improve internal financial processes. In the future, this will become an important factor in the further introduction of digital assets. A separate strong catalyst remains the gradual improvement of American core regulation. The market remains extremely sensitive to any new macroeconomic data today. A stronger inflation rate could quickly change investors' current expectations.