2022-6-13 03:37 |
Ether and other major altcoins underperform BTC as investors continue to steer away from riskier assets; is there a case for inflation? origin »
Bitcoin price in Telegram @btc_price_every_hour
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Klippsten said Bitcoin could bottom about a year after its previous peak and argued that crypto’s best outcome is to become part of TradFi.
Bitcoin falls further toward new August lows, ignoring positive US inflation trends while US stocks continue to circle all-time highs.
JPMorgan reported a 25% increase in its Bitcoin ETF position and more than quadrupled its Ether ETF position in the second quarter.
Bitcoin futures open interest on Binance fell alongside BTC price as analysis published on CryptoQuant flagged mounting pressure on leveraged longs.
Bitcoin’s weakness near range highs stems from short-term holders trying to break even on underwater BTC investments, Glassnode says.
Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support.
Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transaction-fee income barely bounced from 10-year lows of 0.52% of revenue.