Bitcoin shows weakness below $80,000 prompting potential bearish timelineThin supply between $70,000 and $80,000 hints at limited Bitcoin buying activity.
Happy Monday!Welcome to today's CryptoSlate newsletter! Bitcoin faces uncertainty as it struggles below $80,000, with thin supply between $70,000 and $80,000 hinting at limited buying activity. Meanwhile, France's central bank governor warns of financial upheaval as Trump backs crypto, and XRP defies the sector's record $6.4 billion ETP outflows by reaching $1.2 billion AuM. Adding to the drama, a Bitcoin whale tests market resilience with a $450 million short position on Hyperliquid. Dive into these stories and more below. 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $2.74 trillion, with a 24-hour volume of $74.62 billion. The price of Bitcoin is $83,580.16, and BTC market dominance is 60.7%. The price of Ethereum is $1,922.01, and ETH market dominance is 8.5%. The best-performing sector is Storage, which gained 12%. The Crypto Fear & Greed Index is currently Extreme Fear (32). Bitcoin shows weakness below $80,000 prompting potential bearish timeline
Thin supply between $70,000 and $80,000 hints at limited Bitcoin buying activity. 📰 Top News
France central bank governor says Trump is “sowing the seeds of future upheavals” by supporting cryptoFrancois Villeroy de Galhau believes that the U.S. is inviting a financial crisis by embracing cryptocurrencies. US exodus drives crypto ETP outflows to record $6.4B but XRP defies downturnXRP investment products reach $1.2 billion AuM despite crypto sector's outflows of $6.4 billion Bitcoin whale stirs market with $450M short position on HyperliquidBitcoin remains above $84,000 despite the short position drama, offering a test of the market's resilience. 📈 Latest Insights🗞️ More News
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