Key Week for Bitcoin and the Dollar Index
This week’s slew of U.S. economic data will determine whether the dollar continues to weaken, offering a tailwind to BTC and other risk assets.
Market
Elon Musk, Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation
In 2022, a group of investors alleged that Elon Musk and his company had manipulated the price of dogecoin using their X (then Twitter) accounts.
Crypto OTC Desks Now Hold Over $22B in Bitcoin: CryptoQuant
Miners often turn to OTC deals to sell bitcoin, CryptoQuant noted.
Bitcoin Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn’t Buy the Dip
Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted.
Bitcoin Holds $61K After a Brief Nosedive
Bitcoin has seen significant selling pressure from continued ETF outflow, Mt. Gox’s upcoming bankruptcy redemptions, and miner sales.
AI-Related Coins Slide as Google Search Shows Peak Retail Investor Interest
Spikes in crypto-related Google search queries have historically occurred at major market tops, validating legendary investor Warren Buffet’s mantra of buying in doom and selling in boom.
Is Crypto on the Cusp of a Bull or Bear Market? Using Consensus 2024 as a Barometer
Conference attendees give their say on market sentiment.
Bitcoin Traders Target $74K Next Week as BTC Spot ETFs Log Four Days of Inflows
One trader said rising risk appetite for alternative assets could cause bitcoin to exceed the $70,000 level over the weekend.
Over $1B in U.S. Treasury Notes Has Been Tokenized on Public Blockchains
Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as digital tokens on the blockchain.
Bitcoin Jumps Over $71K as UK’s FCA Lets Institutional Investors Create Crypto ETNs
The leading cryptocurrency had crossed $70,000 for the first time ever last week.