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SEC’s controversial SAB 121 amid budget talksMeanwhile, SEC Commissioner Mark Uyeda has called for SAB 121 to be withdrawn.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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On Friday, OKX market data revealed that BTC fell below $80000, reaching a low of $78258, with the current price at $80514, reflecting a 24-hour decline of 7.22%. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
FBI confirms North Korea-backed Lazarus hackers stole $1.5 billion from Bybit
Thursday, February 27, 2025
FBI tracks Ethereum laundering spree by North Korean hackers amid rising threat of cyber warfare in the crypto world. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Interview with MicroStrategy Founder Michael Saylor: The Company Holding the Most Bitcoin in the World
Thursday, February 27, 2025
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Abu Dhabi Invests $436.9M In Bitcoin ETF
Thursday, February 27, 2025
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📈 BTC’s realised price (average acquisition price) reached an all-time high of $43,000; State of Wisconsin Invest…
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BTC's realised price reached an all-time high of $43000; Abu Dhabi's Mubadala Investment disclosed its BTC ETF holdings; South Korea to allow universities and charities to sell crypto donations
HashKey Exchange's Interpretation of the Hong Kong SFC Virtual Asset Roadmap
Thursday, February 27, 2025
We are pleased to see the Hong Kong government release the forward-looking and pragmatic “ASPI-Re” roadmap for advancing the virtual asset industry. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Argentina’s stock market plummets amid President Javier Milei’s LIBRA memecoin scandal
Thursday, February 27, 2025
Argentina's economic landscape shaken as Milei's LIBRA endorsement turns into multi-billion dollar fiasco. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Pectra: Ethereum’s Next Major Upgrade
Thursday, February 27, 2025
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