Why Bitcoin fell below $63K after the oil shock finally easedBitcoin’s drop below $63,000 shows traders are looking past Hormuz relief and pricing the Fed’s hawkish rate outlook back into risk assets.
Happy Friday!Crypto’s next phase is being decided less by ideology than by who controls the rails. A $2.75 billion payments deal shows stablecoins moving deeper into regulated settlement networks, while Europe’s MiCA deadline makes exchange access and USDT liquidity a near-term structural issue for millions of users. The global crypto market cap is $2.17 trillion, with a 24-hour volume of $64.16 billion. The price of Bitcoin is $63,163.03, and BTC market dominance is 58.3%. The price of Ethereum is $1,702.56, and ETH market dominance is 9.5%. The best-performing sector is BRC-20, which gained 9%. The Crypto Fear & Greed Index is currently Extreme Fear (14). 📰 Top News
Why Bitcoin fell below $63K after the oil shock finally easedBitcoin’s drop below $63,000 shows traders are looking past Hormuz relief and pricing the Fed’s hawkish rate outlook back into risk assets. Global $2.75B payments deal shows stablecoins moving into the rails they were meant to bypassThe Payoneer acquisition points to token settlement moving inside regulated payment networks before it replaces them. Bitcoin ETF outflows expose split demand after Warsh’s Fed debutFarside data shows $82.2 million leaving the category, but FBTC and MSBT still drew inflows after the Fed reset.
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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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