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Decoupling: Stock Markets Tapping New Highs Last Week but BTC and ETH Suffer
Decoupling: Stock Markets Tapping New Highs Last Week but BTC and ETH Suffer

The S&P 500 and the Nasdaq Composite both reached new peaks last week.

Cryptopotato·2024/06/24 01:10
Ethereum gas prices, Bitcoin miner revenue both approach record lows
Ethereum gas prices, Bitcoin miner revenue both approach record lows

Quick Take The median daily gas price on the Ethereum network hit its lowest level since 2020 on Saturday, making a strong case for Layer 2 networks easing the burden of sending a transaction on mainnet. Simultaneously, Bitcoin mining revenue per hash has also approached record lows both this month and last month as miners feel the impact of the latest halving event.

The Block·2024/06/23 21:43
Bitcoin Price Solid at $64K as Cardano (ADA) Surges 4% Daily: Weekend Watch
Bitcoin Price Solid at $64K as Cardano (ADA) Surges 4% Daily: Weekend Watch

Bitcoin has managed to stop the bleeding over the past 24 hours while most of the altcoins are attempting to recover.

Cryptopotato·2024/06/23 09:19
Bitcoin Price Prediction: Analyst Defies Bearish Bias, Says Next Impulse Could Target $100K
Bitcoin Price Prediction: Analyst Defies Bearish Bias, Says Next Impulse Could Target $100K

Bitcoin’s price is currently struggling, but some analysts remain optimistic.

Cryptopotato·2024/06/23 09:19
Flash
19:10
According to the latest data released by the Investment Company Institute, the total size of money market funds in the United States has surged to $7.919 trillion, setting a new all-time high.
These types of funds, characterized by strong liquidity and relatively low risk, have recently become a preferred allocation choice for many market participants. The continuous growth in their scale also reflects, to some extent, that investors' risk appetite and asset allocation preferences have experienced corresponding changes under the current market environment.
19:05
The trading volume of Solana tokenized stocks reached $116 million yesterday.
Solana saw its tokenized stock trading volume reach 116 million USD yesterday, accounting for 94% of the total across all networks. (Cointelegraph)
19:04
According to USDA statistics, as of June 1, the number of cattle on feed in the United States reached 102.0% of the same period last year, while the market’s previous consensus expectation was 102.5%.
This actual data is slightly lower than the market's previous expectations and may subsequently have a certain impact on the outlook for U.S. beef cattle supply as well as future trends in market trade.
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