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Bitfarms Approves Potential Issuance to Deter Riot’s Takeover, Fidelity International Tokenizes MMF with Onyx Digital Assets

Jun 10, 2024
Author
Tom Couture
Tom Couture AC

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Executium ClCAEiWideU Unsplash

CRYPTO MARKET UPDATE CRYPTO IS REBOUNDING NICELY TODAY FOLLOWING AN INTENSE BITCOIN-LED SELLOFF YESTERDAY, CATALYZED BY IDIOSYNCRATIC SELL PRESSURE FROM FEARS OVER MT. GOX SUPPLY COMING TO MARKET. It was a somewhat rare occurrence to have such a significant selloff in BTC 1.81% but an overall positive day for altcoins. BTC 1.81% is attempting to reclaim $62k, while ETH 1.29% hovers just above $3400, and SOL 2.60% tries to break through $140 again. Interestingly,...

BTC 1.81% ETH 1.29% QQQ -0.33% SOL 2.60% ^SPX
Bitcoin rises back toward record as first related U.S. ETF begins trading

CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC 1.81% TESTING THE $65K LEVEL, ETH 1.29% TRADING AROUND $3500, AND SOL 2.60% APPROACHING $140. The ETHBTC ratio is declining again after a weekend relief rally sparked by news from Bloomberg ETF expert Eric Balchunas on Friday evening, clarifying his timeline for the ETH ETF launch. Meanwhile, the DXY continues its upward trajectory from the post-CPI selloff,...

BTC 1.81% ETH 1.29% ETHBTC QQQ -0.33% SOL 2.60% ^SPX STX 1.65% XAUT 0.14%
Executium 7cmA9ZL5dDk Unsplash

CRYPTO MARKET UPDATE ECONOMIC DATA CONTINUES TO SOFTEN, WITH TODAY'S CONSUMER SENTIMENT SURVEY COMING IN AT 65.6, BELOW THE CONSENSUS MARKET FORECAST OF 72. One-year inflation expectations remain unchanged compared to last month. Rates are lower again today, but the DXY is higher due to outsized weakness in global markets. We sent out a note today recommending relative risk aversion in the immediate term as crypto continues to weaken. BTC 1.81% ...

BTC 1.81% ETH 1.29% QQQ -0.33% RPL 2.20% SOL 2.60% ^SPX
Bitcoin could soar an additional 38% after topping its record high of $65,000, according to Fairlead's Katie Stockton

CRYPTO MARKET UPDATETODAY, WE ARE SEEING SOME MINOR CONSOLIDATION IN THE CRYPTO MARKET COINCIDING WITH THE SLIGHT BOUNCE IN THE RATES AND DXY N/A% . BTC 1.81% is trading just north of $65k, while ETHBTC continues to struggle, with ETH 1.29% moving lower for the 5th consecutive day and still trading below the $3k mark. Despite the market consolidation, SOLBTC is still green on the day as SOL 2.60% works to regain the $160 level....

BTC 1.81% CORE N/A% ETH 1.29% ETHBTC QQQ -0.33% SOL 2.60% SOLBTC ^SPX ZBC -0.39%

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