Bitcoin drops by $2,000. $185 million in longs go ‘rekt’The global crypto market cap is $1.38 trillion with a 24-hour volume of $80.85 billion. The price of Bitcoin is $32,799.81 and the BTC dominance is at 44.5%.
by Shaurya Malwa Bitcoin fell by nearly $2,000 this morning, ‘liquidating’ $200 million worth of futures positions in the past 12 hours and bringing down much of the crypto market alongside. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Listed company loses $17 million on Bitcoin. Makes $14 million on Ethereum insteadMeitu, a software tech company based in Hong Kong, has said that it recorded a loss of $17.3 million on its Bitcoin portfolios, while in contrast, it recorded a $14.7 million gain on its Ethereum investment. Crypto.com becomes the UFC’s first official crypto platform partnerUFC, the world’s premier mixed martial arts organization, and Crypto dot com announced a long-term partnership yesterday as part of a strategic move for the latter to connect with mainstream consumers. ‘BitScam’ and ‘CloudScam’ end up scamming 93,000 Bitcoin and Ethereum usersLookout, an integrated endpoint-to-cloud security company, today announced the discovery of major crypto mining scams using hundreds of Android apps, as per a release shared with CryptoSlate. This crucial Bitcoin metric reached a high. But traders don’t seem to careBitcoin spot exchanges outflow transaction count hit a year high, data from CryptoQuant, a popular on-chain data analysis tool for Bitcoin and other cryptocurrencies, showed. 33 face heat in Korea over alleged $1.48 billion in crypto transfersSeoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1.69 trillion won ($1.48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today. Dogecoin ‘rival’ token Floki rugpulls…twiceTesla’s owner and crypto’s most notorious influencer Elon Musk tweeted on the 25th of June his new Shiba Inu will be named Floki, which promptly led to a frantic launch of a myriad of meme tokens exploiting the name. Cardano topples Bitcoin to become the ‘most held’ crypto on eToroIn a massive boost for Cardano, data unveiled by multi-asset broker eToro shows ADA has taken BTC’s place as the most held crypto token on the trading platform. Currency devaluation in Nigeria is driving a crypto boom in the countryData from analytics firm Chainalysis shows that in May, Nigerians received a marked increase in crypto compared to last December. ETH ‘supply shock’? Devs signal crucial Ethereum update in AugustEthereum developer Tim Beiko has signaled an early August launch for the protocol’s ‘London’ upgrade, an official proposal on GitHub shows. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
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