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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
11:04
Data: Morgan Stanley buys the dip, total bitcoin holdings exceed 4,300
According to ChainCatcher, Arkham monitoring data shows that Morgan Stanley has been "buying the dip" in the past week, increasing its holdings via its spot Bitcoin ETF MSBT by a total of 266.56 BTC, worth 17.26 million US dollars. As of now, its total Bitcoin holdings have reached 4,348 BTC, valued at approximately 273.8 million US dollars.
10:43
Caixin: Token exports are not yet a standardized concept and lack complete application cases
According to Caixin, Token export is not yet a standard concept in regulatory documents or corporate annual reports, and there has not yet been a fully disclosed case in the public market that can simultaneously cover both overseas clients accessing China’s AI data centers using Tokens, as well as covering the two stages of cross-border payment, clearing, and final settlement completed through central bank digital currency.
10:32
Data: If BTC falls below $60,482, the cumulative long liquidation volume on major CEXs will reach $983 millions.
According to ChainCatcher, citing data from Coinglass, if BTC falls below $60,482, cumulative long liquidation volume on major CEXs will reach $983 million. Conversely, if BTC breaks above $66,422, cumulative short liquidation volume on major CEXs will reach $694 million.
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