Bitcoin Wavers as Regulatory Discussions Heat Up in Washington
Bitcoin’s price fluctuated between $57,000 and $59,000 amid various market influences, while U.S. lawmakers intensify focus on crypto regulation.
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41.5 Million Dogecoins Liquidated in 24 Hours: Market Impact
A massive liquidation of 41.5 million Dogecoins occurred within 24 hours, causing a 7.89% price drop and highlighting the volatility in the meme coin ecosystem amid broader crypto market declines.
Mt. Gox’s $9 Billion Bitcoin Payout: A Crypto Milestone
Mt. Gox, the defunct Japanese bitcoin exchange, is preparing to distribute $9 billion worth of recovered bitcoin to its creditors, marking a significant milestone in cryptocurrency history.
Crypto Market Surge: Bitcoin, Ethereum, and Altcoins Rally on July 1
The cryptocurrency market experienced a significant upswing on July 1, with Bitcoin reaching $63K and Ethereum hitting $3,500, while altcoins and meme coins also posted notable gains.
NFT Sales Drop 21% as Crypto Market Slumps
Global NFT sales declined 21% this week, reaching just over $100 million across 21 blockchains, with Ethereum leading despite the overall market downturn.
Bitcoin Bulls Brace for Massive Short Squeeze
Bitcoin short sellers face the risk of substantial liquidations amounting to $1.67 billion if the cryptocurrency returns to the $70,000 price level, which it hasn’t seen in 12 days. Analysts suggest a major liquidation event could pave the way for Bitcoin to reach new all-time highs.
Bitcoin ETF Crisis: Crypto Funds Plummet Amid Market Turmoil
Bitcoin ETFs and crypto funds have experienced a significant downturn, with massive capital outflows since March, as investors lose confidence due to economic uncertainty and the Federal Reserve’s stance on interest rates.
Cardano and Bitcoin Lead Social Media Engagement
Cardano (ADA) and Bitcoin (BTC) are generating significant social media buzz. Cardano’s upcoming Chang hard fork and advanced governance model drive engagement—Bitcoin’s price action and market cap comparisons fuel discussions.
Bitcoin Demand Rises Despite Stagnant Price
Despite strong demand for Bitcoin from institutional investors and long-term holders, Bitcoin’s price has yet to experience a significant rally, according to a recent report by CryptoQuant. The report cites slowing growth in the market capitalization of the stablecoin Tether (USDT) as a potential factor impeding a price rally.
Michael Saylor Embraces Ethereum ETFs
Michael Saylor, known as a Bitcoin evangelist, has surprisingly expressed support for Ethereum-based ETFs, suggesting they could boost institutional adoption of cryptocurrencies from 1% to potentially 5-10% of portfolios.