Cryptocurrency markets are trading slightly down, as members of the Biden administration will reportedly attend a crypto roundtable.
Cryptocurrency | Price | Gains +/- |
Bitcoin BTC/USD | $66,286.62 | -0.3% |
Ethereum ETH/USD | $3,528.34 | -1.9% |
Solana SOL/USD | $143.05 | -3.8% |
Dogecoin DOGE/USD | $0.1315 | -3.4% |
Shiba Inu SHIB/USD | $0.00001952 | -6.6% |
Notable Statistics:
- Australia's largest stock exchange approved its first Spot Bitcoin ETF.
- Tether, the world’s largest stablecoin, launches a new synthetic dollar backed by gold.
- IntoTheBlock data notes an increase in total exchange inflows and outflows. 90% of Bitcoin holders are in profit at current prices.
- According to Coinglass data, 111,242 traders were liquidated for $265.50 million in the past 24 hours.
Notable Developments:
- T-Mobile’s parent company, Deutsche Telekom, announces plans to mine Bitcoin.
- El Salvador’s President Bukele Proposes Bitcoin Bank To Attract Billions
- Spot Ethereum ETF Launch Date Possibly On July 2: Bloomberg Analyst
- Biden Admin Officials, Mark Cuban To Attend Crypto Roundtable In July
- Why Bitcoin Faces A ‘Critical Week Ahead’
![Benzinga future of digital assets conference](https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif)
Top Losers:
Cryptocurrency | Price | Gains +/– |
zkSync ZK/USD | $0.2144 | -25.3% |
Notcoin NOT/USD | $0.01728 | -14.4% |
Injective INJ/USD | $21.81 | -12.6% |
Trader Notes: Crypto trader Jelle sees a higher high forming for Bitcoin.
Crypto trader DonAlt highlighted that $60,000 is bad support and $70,000 is bad resistance. He suggested that if you are bullish then $65,000 is the spot to hold, adding "If you’re bearish you’d want it to fail first."
CrypNuevo highlighted a potential W pattern for Bitcoin,
Notable crypto trader TheFlowHorse tweeted that a bear trap is potentially building, saying, "if you prefer more volume and liquidity just log back in after Labor Day."
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Image: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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