Economic woes drive Bitcoin below $63,000
Long positions bear the brunt with $277 million liquidated in 24 hours.
Happy Thursday!
The global crypto market cap is $2.26 trillion, with a 24-hour volume of $81.81 billion. The price of Bitcoin is $63,027.10, and BTC market dominance is 55.1%. The price of Ethereum is $3,116.91, and ETH market dominance is 16.6%. The Crypto Fear & Greed Index is currently Neutral (52).
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📰 Top News
Economic woes drive Bitcoin below $63,000
Long positions bear the brunt with $277 million liquidated in 24 hours.
👀 Metric of The Day
Since 2002, the Federal Reserve's balance sheet has experienced a compound annual growth rate (CAGR) of 11%, increasing from $720 billion to $7.2 trillion over 22 years.
Bitcoin holds steady as Fed chair Powell hints at rate cuts in September, says no plans for CBDC
Recent data indicates a decline in inflation closer to the Fed's 2% target, while unemployment has risen slightly above 4%.
Harris odds surge to 43% on Polymarket after Trump’s NABJ panel, reaching $467 million wagered
Trump’s NABJ remarks boost Harris's Polymarket odds as Trump still leads with 55%.
Lummis unveils the BITCOIN Act to establish strategic BTC reserve for the US
The BITCOIN Act seeks to enhance financial resilience and promote global financial innovation by diversifying national assets to include Bitcoin.
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📈 Latest Insights
Ethereum sees first monthly consecutive losses since August 2023 amid new ETFs
Bitcoin ETFs see smallest net inflow on record, Grayscale mini BTC positive
Potential for Fed balance sheet to hit $17 trillion in future crises examined
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Integration of traditional finance and the digital asset ecosystem
🗞️ More News
Fidelity launches competitive Bitcoin ETP on London Stock Exchange
Bitwise CIO says market is ‘not bullish enough’ amid rising political endorsements
Ripple invests $10 million in tokenized US T-bills through OpenEden
Bitcoin power law model suggests $30K floor, $1M potential this cycle
Tether’s $5.2 billion H1 profit sets new high as US treasury holdings surpass Germany
Latest Market Report
Bitcoin vs Ethereum ETFs: A detailed comparison of IBIT and ETHA
CryptoSlate's latest market report dives deep into the technical and practical differences between BlackRock's IBIT and ETHA to explain how these products operate.