An increasing number of traders entering new long positions was the ‘fuel’ behind Bitcoin’s slump to $60,000, according to a Bitcoin analyst Willy Woo.
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Bitcoin ‘cascading long squeeze’ to blame for slump to $60K - Markets News
AI tokens rally as NVIDIA slumps 13% from market cap peak Despite Nvidia, one of the most talked-about stocks of the year, sharply falling in price, artificial intelligence crypto tokens are spiking.
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Bitcoin falls below $63K after BTC whale transactions drop 42% Bitcoin transactions worth $100,000 or above have significantly fallen over the past two days. Meanwhile, Bitcoin has retraced below $63,000.
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Dogwifhat falls out of top 50, tumbles 38% over past 7 days Dogwifhat saw the steepest seven-day price decline among the top 100 cryptocurrencies by market cap but remains in fourth place among memecoins.
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Mark Cuban claims his Gmail was hacked after receiving hoax call Billionaire investor Mark Cuban claims that any email sent from his account “after 3.30pm” Pacific Standard Time on June 22 was not from him.
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Binance assists BtcTurk attack probe, freezes $5.3M in ‘stolen funds’ Binance is assisting in investigating the malicious attack on Turkish crypto exchange BtcTurk, according to Binance CEO Richard Teng.
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1,590 CoinStats crypto wallets ‘affected’ in security breach Cryptocurrency portfolio manager CoinStats has assured users that the security breach has been “mitigated,” and it will provide updates in due course.
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Rapper 50 Cent claims X account was hacked to promote celeb memecoin Rapper 50 Cent informed his 32.8 million Instagram followers that hackers used his X account to carry out a multimillion-dollar memecoin rug pull.
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Bitcoin miners are treading water, but no alarms of a ‘total firesale’ Bitcoin miners are not “full-scale bear market level capitulating,” according to a crypto analyst.
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Bitcoin dips below short-term holder realized price, sparking $60K fears Bitcoin’s price briefly dipped below a critical level for traders, sparking fears that a further correction toward $60,000 might be on the horizon.
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Bitcoin is facing a rare ‘extended level’ of FUD on X — Santiment Santiment’s Bitcoin social sentiment indicator has been flashing red as the price of Bitcoin has been hovering around the $65,000 mark.
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ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’ After its June 20 launch, ZRO surged 15.15% within just 20 minutes before sharply tumbling 22% as people debated whether the donation mechanism was genius or just an excuse for a “tax.”
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ASX’s first Bitcoin ETF taps $1.3M volume on first trading day The first Bitcoin ETF on Australia’s main stock exchange traded 96,476 shares throughout the day.
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‘Insane amount’ of Bitcoin shorters are hoping it won’t go to $70K A hefty amount of Bitcoin short positions will be wiped if Bitcoin returns to $70,000, a price level it hasn’t seen in 12 days.
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ETH valuation metric is ‘heating up,’ but analyst says it’s not overvalued CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued.
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Bitwise amended Ethereum ETF filing says Pantera interested in $100M buy Asset management firm Bitwise has disclosed that Pantera is interested in investing as much as $100 million in its upcoming spot Ether ETF, but it could spend more, less or nothing at all.
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Ethereum back above $3.5K as Consensys says SEC to drop ETH probe ETH jumped slightly and again broke $3,500 in the minutes after Consensys reported the SEC had dropped its investigation into Ethereum.
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Bitcoin ‘Banana Zone’ is next if these 3 indicators play out Bitcoin “Banana Zone” is on the horizon, but it will need to reverse these key metrics first to maintain a “sustainable recovery.”
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Donald Trump vows to end Joe Biden’s ‘war on crypto’ United States presidential candidate Donald Trump reiterated his intention to take a more favorable stance toward cryptocurrency than the current Biden administration.
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Bitcoin whale watching is ‘useless’ for information — Traders Bitcoin whale watching is “good for social media” but not for valuable analysis, according to traders.
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Spot Ethereum ETFs may begin trading by July 2 — Bloomberg analyst Bloomberg ETF analyst Eric Balchunas says his “best guess as of now” is that spot Ether ETFs will begin trading in the United States before July 2.
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Australian securities exchange approves its first spot Bitcoin ETF The Australian Securities Exchange has approved the VanEck Bitcoin ETF to start trading on June 20.
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Bitcoin bank proposal gains momentum in El Salvador The Bank for Private Investment will “diversify the financing options” available to investors in both Dollars and Bitcoin.
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Altcoins signal buy after taking it ‘on the chin’ since March The altcoin crypto market may present “some opportunities” for investors after “taking it on the chin” the last four months.
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Ether notches second-biggest hodler buying day in history Demand for Ether from long-term holders rocketed on June 12 as the price fell below $3,500, just before the SEC’s Gary Gensler gave a forecast for spot Ether ETF approval.
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Memecoins are a ‘cornerstone’ of crypto — Galaxy’s Novogratz Galaxy Digital CEO Michael Novogratz has hailed memecoins as the “most powerful narratives out there,” but others in the crypto industry are not so confident.
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Bitcoin 92-day consolidation is setting up a ‘massive’ rally — Traders Bitcoin is now trading in its “longest” consolidation period, but the longer the consolidation, the “larger the expansion,” according to traders.
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Analyst targets $91.5K Bitcoin next despite Fed’s ‘hawkish tone’ Pseudonymous analyst CryptoCon is confident Bitcoin will surge 25% above current all-time highs — its next big “step” before cracking the cycle’s top of $123,982.
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‘Vast majority’ of ETF flows could be driven by arbitrage — Raoul Pal Retail investors are not a “key driver” of spot Bitcoin ETFs, with a majority of inflows coming from arbitrage trading hedge funds, according to Raoul Pal.
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BTC average change in retail demand falls to 5-month low, could a 75% rally be next? The average monthly change in Bitcoin retail demand has waned over the last month, with one analyst noting it could be a precursor to a price surge seen earlier in 2024.