{"id":194457,"date":"2026-07-08T08:04:44","date_gmt":"2026-07-08T08:04:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=194457"},"modified":"2026-07-08T08:04:44","modified_gmt":"2026-07-08T08:04:44","slug":"crypto-news-today-july-8-btc-drops-back-to-62k-coinbase-premium-hits-record-lows-and-the-eu-is-eyeing-even-tighter-crypto-regulation","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=194457","title":{"rendered":"Crypto News Today (July 8): BTC Drops Back to $62K, Coinbase Premium Hits Record Lows, and the EU is Eyeing Even Tighter Crypto Regulation"},"content":{"rendered":"

In crypto news today (July 8), Bitcoin has experienced a slight retracement, still sitting comfortably above $60,000, but down -1.1% over the past 24-hours and trading for around $62,600. Liquidations have slowed since yesterday, dropping from over $532M to $345M, with over $240M of that figure coming from long positions, highlighting that overly optimistic bulls have been punished by this pullback.<\/p>\n

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\u2019s IBIT after it sold nearly $10Bn over the past ten sessions.<\/p>\n\n

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.<\/p>\n

The\u00a0Fear & Greed Index<\/a> briefly exited \u2018Extreme Fear\u2019 yesterday, climbing to 27\/100; however, this slight drop across markets has led to a return to 20\/100. Until Bitcoin breaks cleanly above $65,000, the index will likely continue to flip-flop around these levels.<\/p>\n

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