Déjà vu
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 8th July 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
Don’t invest in crypto unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.
What’s up
Hostilities Flare Up In Middle East; Inflation Worries Revived
Oil prices surged after the U.S. and Iran exchanged airstrikes. President Trump said the ceasefire between the two countries is over.
And so inflation expectations once again have risen, putting pressure on Bitcoin and other big tokens; also weighing on the digital asset space is a strengthening greenback. The Dollar Index yesterday climbed above 101.00. It held steady at that level as of early this morning.
What's down
Crypto Feeling Pressure Of Higher-For-Longer Interest Rate Reality
Bitcoin slid alongside gold as investors come to grips with interest rates staying higher for longer. The largest crypto, per CoinGecko, as of 10 a.m. (EST), had fallen 2% to just about $62K. Several big altcoins, including Solana, XRP and Dogecoin, lost 4%-5%.
After hitting a two-week high on Monday, spot gold on Tuesday shed 0.6% to reach $4,141.16.
Peter Grant, a metals strategist, told CNBC that “the reality is setting in that the Fed is still very much focused on reigning in inflation.”
What's next
Safe Harbors Coming Soon
With the fate of the CLARITY Act looking murky at best, the S.E.C. is planning to unveil its long-awaited set of crypto rules.
The proposed batch of policies, which potentially could be released in the coming weeks, would include broad exemptions for a variety of on-chain activities, according to Decrypt.
Prominent among the exempted areas: tokenized securities and decentralized finance.
The chairman of the SEC, Paul Atkins, has previously teased these rules were coming. A recently updated agency agenda has slated the rules package release for sometime this month.
“We are creating clear rules of the road for capital raising with crypto assets, and providing clarity as to how market participants can custody and facilitate trading of tokenized securities on-chain," Atkins said.
