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SEC’s controversial SAB 121 amid budget talksMeanwhile, SEC Commissioner Mark Uyeda has called for SAB 121 to be withdrawn.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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VanEck CEO recommends investors to double down on Bitcoin as hedge in 2025
Saturday, January 4, 2025
As gold and Bitcoin register a bull market, Jan van Eck stated that these assets are essential for any portfolio. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Telegram has rolled out its first update for 2025, introducing third-party account verification, message search filters, and the ability to convert gifts into NFTs. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin ETFs face new year exodus, BlackRock loses 3,500 BTC amid price rally
Friday, January 3, 2025
Crypto market begins year with $310 million outflows from Bitcoin, Ethereum ETFs. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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In 2024, the combined wealth of the world's 500 richest individuals surpassed $10 trillion, with technology billionaires experiencing the most remarkable gains. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Gaming - 📈NFT market saw a 6-month high in sales volume; Pudgy Penguins launched its PENGU token
Friday, January 3, 2025
The NFT market marked a six-month high in sales volume. Pudgy Penguins launched its PENGU token. The Philadelphia 76ers and Crypto.com released a Web3 mobile game ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
US Bitcoin reserve idea could spark global race, Metaplanet CEO predicts
Thursday, January 2, 2025
Georvich predicts US move to adopt Bitcoin would spur global competition, stabilize developing nations' currencies. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Thursday, January 2, 2025
DEX trading volume reached a record high of US$436B in Dec. Hyperliquid launched native staking. ai16z plans to create a launchpad for AI agents ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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