Mt. Gox Effect? Bitcoin Dominance Drops Most in 5 Months
BTC’s dominance tanked Monday as news of Mt. Gox repayments bolstered concerns of supply overhang entering the market.
Markets
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.
Bitcoin Threatens $60K on Mt. Gox News, but Sales Could Be Less Than Feared
Prices are sharply lower on Monday after the trustee for the defunct crypto exchange said it will begin returning more than 140,000 bitcoin to clients whose assets were stolen in a 2014 hack.
First Mover Americas: Mt. Gox Repayments Worsen BTC Woes
The latest price moves in bitcoin (BTC) and crypto markets in context for June 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan
Iris Energy is best positioned to take advantage of the HPC/AI opportunity, the report said.
Ether Traders Buy $4K Calls In Anticipation of Record High
Call buyers are implicitly bullish on the market.
Mt. Gox to Begin Repayments in July; BTC Slides Under $61K
The defunct crypto exchange is supposed to return over 140,000 bitcoin to victims of the 2014 hack.
Majority of Japanese Institutional Investors Plan to Invest in Crypto in Next Three Years: Nomura Survey
54% of respondents said they planned to invest in cryptocurrencies in the next three years and 25% of firms said they had a positive impression of digital assets, the study said.
Japan’s Metaplanet Wants to Buy Another $6M Bitcoin
The firm will purchase over $6.2 million worth of bitcoin using proceeds from an upcoming bond issuance, adding to its BTC coffers.
Bitcoin Tumbles Toward $62K as Crypto Bulls See $150M in Liquidation
The CoinDesk 20 index, which tracks major tokens minus stablecoins, slumped just over 4%.