No one has cash to “buy the dip” but $7.7T could rotate into Bitcoin if prices stay beaten downBitcoin moves get scarier as institutional traders run out of “fast cash” with most funds parked earning yield with slow TradFi settlement times.
Happy Monday!Wall Street's out of cash to buy the dip, but $7.7T could rotate into Bitcoin if prices stay beaten down, while on-chain data reveals two groups finally surrendered to spark the $60K hit. The CLARITY Act heats up as a proxy war over who pays Americans for holding "digital dollars." Dive into the full stories below. The global crypto market cap is $2.32 trillion, with a 24-hour volume of $99.44 billion. The price of Bitcoin is $67,591.49, and BTC market dominance is 58.2%. The price of Ethereum is $1,956.94, and ETH market dominance is 10.2%. The best-performing sector is Synthetic Issuer, which gained 5%. The Crypto Fear & Greed Index is currently Extreme Fear (12). 📰 Top News
No one has cash to “buy the dip” but $7.7T could rotate into Bitcoin if prices stay beaten downBitcoin moves get scarier as institutional traders run out of “fast cash” with most funds parked earning yield with slow TradFi settlement times. Bitcoin hit $60,000 because two different groups finally surrendered — on-chain data shows who blinkedNovember’s $80,000 surrender set up February’s $60,000 break. CLARITY Act is turning into a proxy war over who pays Americans for holding “digital dollars”Section 404 Not Found: the ‘who pays Americans’ page is still missing from the most watched crypto bill of the year.
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About CryptoSlateCryptoSlate is a comprehensive and contextualized source for crypto news, insights and data. Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space. Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it. Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view. Questions, Comments?Get in touch with us here. Connect with UsTelegram • X • Google News • LinkedIn • Instagram
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