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Will This Week’s US GDP Data Send Crypto Markets Spiraling Even Further?
Will This Week’s US GDP Data Send Crypto Markets Spiraling Even Further?

A busy week lies ahead on the US economic calendar and all eyes are on data for gross domestic product. Meanwhile, crypto markets continue to correct.

Cryptopotato·2024/06/24 13:34
CoinShares says 'true correction' underway after $544 million outflow from spot Bitcoin ETFs last week
CoinShares says 'true correction' underway after $544 million outflow from spot Bitcoin ETFs last week

CoinShares analyst James Butterfill said a “true correction” was now underway amid $544.1 million in net outflows from the U.S. spot Bitcoin ETFs last week.The outflows were “a reaction to the pessimism amongst investors for interest rate cuts by the FED this year,” Butterfill said.

The Block·2024/06/24 12:53
Cardano and Solana Prices Nosedive as BTC Bears Target $60K
Cardano and Solana Prices Nosedive as BTC Bears Target $60K

Multiple altcoins are bleeding out as the broader cryptocurrency market continues to decline.

Cryptopotato·2024/06/24 11:46
Flash
15:30
Nasdaq Declines by 2%, Nvidia Shares Drop by 4%
On June 5, U.S. stocks extended their losses, with the Dow Jones Industrial Average down 0.27%, the S&P 500 down 1.08%, and the Nasdaq Composite down 2.02%. Among popular stocks, Nvidia shares fell by 4.01%, TSMC shares dropped by 3.98%, Broadcom shares decreased by 4.67%, Micron Technology shares fell by 5.92%, Advanced Micro Devices shares dropped by 6.45%, ASML shares declined by 3.67%, Intel shares fell by 6.28%, ARM shares decreased by 8.24%, and Tesla shares dropped by 3.61%.
14:59
Zcash: Audit of Orchard Pool Supply Underway, Details to be Released Later
BlockBeats News, June 5th, Zcash has announced that it will adopt a new method to audit the recent replenishment of the Orchard Pool, with more details to be announced later today.
14:58
BIT-Related Address Deposits $5.84 Million to Supplement ETH Long Margin
According to monitoring by Lookonchain, a BIT-related address currently holds a floating loss of $78 million on 120,000 ETH long positions. To avoid liquidation, it has deposited $5.84 million in USDC as margin. The latest liquidation prices for the whale's four addresses are: $1,414.51, $1,366.11, $1,360.73, and $1,309.53.
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