Economic woes drive Bitcoin below $63,000Long positions bear the brunt with $277 million liquidated in 24 hours.
Happy Thursday!The global crypto market cap is $2.26 trillion, with a 24-hour volume of $81.81 billion. The price of Bitcoin is $63,027.10, and BTC market dominance is 55.1%. The price of Ethereum is $3,116.91, and ETH market dominance is 16.6%. The Crypto Fear & Greed Index is currently Neutral (52). LATEST SLATECAST 🎙️ From value investing to bitcoin: Bill Miller IV’s insights 📰 Top News
Economic woes drive Bitcoin below $63,000Long positions bear the brunt with $277 million liquidated in 24 hours. 👀 Metric of The Day
Since 2002, the Federal Reserve's balance sheet has experienced a compound annual growth rate (CAGR) of 11%, increasing from $720 billion to $7.2 trillion over 22 years. Bitcoin holds steady as Fed chair Powell hints at rate cuts in September, says no plans for CBDCRecent data indicates a decline in inflation closer to the Fed's 2% target, while unemployment has risen slightly above 4%. Harris odds surge to 43% on Polymarket after Trump’s NABJ panel, reaching $467 million wageredTrump’s NABJ remarks boost Harris's Polymarket odds as Trump still leads with 55%. Lummis unveils the BITCOIN Act to establish strategic BTC reserve for the USThe BITCOIN Act seeks to enhance financial resilience and promote global financial innovation by diversifying national assets to include Bitcoin.
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