2022-6-21 23:32 |
MarketWrap Monday, June 20th origin »
Bitcoin price in Telegram @btc_price_every_hour
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Hayes likened the debt-fueled AI infrastructure boom to the 2008 credit bubble, but evidence suggests financial strain is uneven across Big Tech.
Bitcoin built on $64,000 as hopes of the Strait of Hormuz reopening to oil traffic sent the S&P 500 index to a record $70 trillion market cap.
The CNBC personality said he’ll sell his Bitcoin holdings due to fears about quantum computing, as some cryptocurrency investors celebrated, referencing the popular “inverse Cramer” meme.
The preferred shares have recovered nearly 24% from their June closing low as Strategy builds its cash reserve and repurchases STRC.
The first US-Japan joint yen intervention in 28 years came amid record bond yields and worries about the yen carry trade.
Bitcoin could confirm an August bear-market bottom, though rising Treasury yields could force the Fed to raise rates in September, according to 10x Research.
The persistent discount suggests US spot buyers have remained less aggressive than overseas traders even as US Bitcoin ETF inflows turned positive in July.