Huge short Bitcoin positions above $71k suggest potential for rapid market movements
Huge short Bitcoin positions above $71k suggest potential for rapid market movementsBTC sees only 13 days above $70K mark, new market potential looms.
Happy Wednesday!The global crypto market cap is $2.65 trillion, with a 24-hour volume of $90.56 billion. The price of Bitcoin is $71,474.10, and BTC market dominance is 53.3%. The price of Ethereum is $3,811.25, and ETH market dominance is 17.3%. The best-performing sector is Bitcoin Ecosystem, which gained 12%. The Crypto Fear & Greed Index is currently Greed (75). 📰 Top News
Huge short Bitcoin positions above $71k suggest potential for rapid market movementsBTC sees only 13 days above $70K mark, new market potential looms. 👀 Metric of The Day
The spot US Bitcoin ETFs now hold approximately 868,000 Bitcoin, having experienced their second-best day on record, with a total inflow of $887 million on June 4. Bitcoin halving slashes miners’ production in May by over 40%The miners highlighted that their hashrate has continued to rise despite the falling BTC production. House Appropriation bill targets SEC’s controversial SAB 121 amid budget talksMeanwhile, SEC Commissioner Mark Uyeda has called for SAB 121 to be withdrawn. Bitwise CIO says market undervaluing Washington’s shifting attitude toward cryptoHougan said the US political landscape regarding crypto has changed significantly toward a more positive stance in recent weeks. 📈 Latest Insights
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📖 Latest Market Report
How BlackRock’s Bitcoin ETF shapes the crypto marketCryptoSlate's latest market report dives deep into the meteoric rise of BlackRock's Bitcoin ETF to understand how it positioned itself at the forefront of the crypto market.
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More US states expected to follow Wisconsin’s lead by investing in spot Bitcoin ETFs
Tuesday, June 4, 2024
The State of Wisconsin Investment Board (SWIB) invested $160 million in spot Bitcoin ETFs during the first quarter. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Chainlink could solve today’s NYSE stock market glitch as Berkshire Hathaway appears down 99%
Monday, June 3, 2024
Chainlink's decentralized oracle network offers a solution by providing tamper-proof data feeds and real-time verification to enhance stock exchange stability. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
JPMorgan sees spot Ethereum ETFs trading before 2024 elections amid political gains
Monday, June 3, 2024
JPMorgan said crypto has become "an increasingly political issue ahead of the 2024 US presidential election." ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Spot ETH ETFs could see 25% of the demand of BTC counterpart – Bloomberg analysts
Monday, June 3, 2024
Bloomberg ETF analyst James Seyffart took part in an interview hosted by Bitwise CIO Matt Hougan, who in turn predicted "significant demand." ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
How the SEC’s SAB 121 repeal paves the way for balanced crypto regulation
Monday, June 3, 2024
CryptoSlate's latest report dives deep into the practical realities of SAB 121's repeal, examining its implications for the crypto industry and exploring the path forward for regulatory
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Sunday, June 30, 2024
CryptoSlate's latest market report dives deep into the theoretical and practical differences between BTC and ETH and explores their respective futures, options, and perpetual futures markets. ͏ ͏ ͏
🥛 Last Chance - 24h left to lock in the best deal
Sunday, June 30, 2024
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Sunday, June 30, 2024
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Coinbase to launch CFTC-regulated futures trading for 5 altcoins
Saturday, June 29, 2024
The service will add new margined futures contracts for AVAX, LINK, DOT, XLM and SHIB starting July 15. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Coffee and Member Sentiment | BanklessDAO Weekly Rollup
Saturday, June 29, 2024
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🥛 TON – the next $100 billion blockchain?
Saturday, June 29, 2024
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Weekly Project Updates: BLAST Airdrop Goes Live, ZKsync Introduces New "Elastic Chain" Architecture, Aevo Updates …
Saturday, June 29, 2024
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🥛 Solana shock: First SOL ETF filing in the US rocks crypto world 💥
Friday, June 28, 2024
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No Bitcoin mention by Trump while Biden fails his ‘one job’ in first presidential debate
Friday, June 28, 2024
Crypto community left disappointed as candidates sidestep Bitcoin and digital assets in key debate. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 📉 NFT Market dips 45% in Q2; Bitcoin-Based NFTs Hit New Milestones
Friday, June 28, 2024
NFT market dips 45%; Solana and Bitcoin-based NFTs hit new milestones. Notcoin burns US$3M of NOT tokens and distributes US$5M of NOT. Animoca Brands is considering an IPO. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏