Bitcoin’s loses $78k while the US markets sleeps – risk takes over from oil as crude prices stay flatBitcoin’s pullback near $80K mirrors a risk-off move in equities, with oil and Fed expectations still framing the macro backdrop.
Good to see you this Thursday.Bitcoin tumbles below $78K in a risk-off overnight slide mirroring sleepy U.S. equities, even as spot demand battles short sellers eyeing a potential bull rally in 21 days—and New York regulators sharpen their knives with $3.4B fines on perpetual futures "casinos." Dive into the full stories below. The global crypto market cap is $2.61 trillion, with a 24-hour volume of $139.8 billion. The price of Bitcoin is $78,506.92, and BTC market dominance is 60.2%. The price of Ethereum is $2,332.03, and ETH market dominance is 10.8%. The best-performing sector is Sports, which gained 3%. The Crypto Fear & Greed Index is currently Fear (46). 📰 Top News
Bitcoin’s loses $78k while the US markets sleeps – risk takes over from oil as crude prices stay flatBitcoin’s pullback near $80K mirrors a risk-off move in equities, with oil and Fed expectations still framing the macro backdrop. Is Bitcoin 21 days away from a real bull market rally? Shorts pile in but spot demand is pushing backDerivatives traders are still betting against BTC even as spot ETFs pull in fresh capital, setting up either a short squeeze or one more leg lower. New York targets crypto with new $3.4B fines as perpetual futures turn prediction apps into nonstop leverage casinosPerps replace one off event contracts with always on leverage and margin calls, raising the stakes for regulators and users.
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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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