European stocks opened lower, with the German DAX index falling 0.86%, the French CAC40 index falling 0.8%, the British FTSE 100 index falling 0.64%, and the European Stoxx 50 index falling 1%.
Santiment posted on the X platform that bitcoin "whale wallets" (which can be broadly defined as 100 BTC or more) increased by 297 (+ 1.9%) in the past two weeks. The number of wallets with less than 100 BTC decreased by 20,629 (-0.1%) in the same time period. This has historically led to bullish results as the largest major stakeholders in cryptocurrencies continue to poach more cryptocurrencies from retail traders who are selling.
European stocks opened lower, with the German DAX index falling 1.07%, the French CAC40 index falling 0.56%, the British FTSE 100 index falling 0.56%, the European Stoxx 50 index falling 1.4%, and the Italian FTSE MIB index falling 2%.
U.S. stocks opened lower, the Dow fell 0.53%, the S & P 500 fell 0.95%, and the Nasdaq fell 1.48%. Tesla (TSLA. O) fell 8.63%, its Q2 net profit missed expectations; Alphabet (GOOG. O) fell 4.69%, its Q2 performance exceeded expectations but is expected to increase capital expenditure during the year.