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While the end of BTFP marks a significant moment for financial markets, its direct impact on Bitcoin’s price remains multifaceted and uncertain.
MicroStrategy has purchased another 9,245 bitcoins for $623 million in cash, increasing its total bitcoin holdings to 214,246 BTC.
Bitwise CIO Matt Hougan explained the importance of wirehouses supporting bitcoin ETFs for their adoption.He said the first wirehouse to support the ETFs might come in the next few weeks.
The entire crypto landscape is well in the red, with massive losses from SOL, ADA, DOT, DOGE, and others.
The bitcoin price has dropped by over 6% in the past 24 hours.The latest price correction has impacted long positions, with over $134 million in bitcoin longs liquidated.
The developer behind the Slerf memecoin claims the snafu was due to a “mindless misclick,” but skeptics suggest the drama may have been a very daring marketing stunt.