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1Bitget Daily Digest (April 11) | U.S. CPI comes in below expectations; Trump signs first-ever federal crypto bill repealing expanded IRS broker rule2Florida Bitcoin Reserve bill moves forward with unanimous vote3MicroStrategy holds 528K BTC at risk as debt pressure builds
Bitcoin Falls Below $60,000 – Market Correction Not Over
Cryptodnes·2024/07/03 14:25
Bitcoin price warning in the near term
Cryptodnes·2024/07/03 14:25
Bitcoin is breaking out of the downtrend - a jump of over 15% is expected according to a top analyst
Cryptodnes·2024/07/03 14:25
Runes transactions on Bitcoin plummet over 88%
Share link:In this post: Runes, a new Bitcoin-based protocol, has witnessed an 88% drop in daily transactions from its peak. Data from Dune Analytics indicates average daily transactions of 37,820 between June 22nd and June 28th. June 24th had the lowest transaction count since Runes launched, with 23,238 transactions recorded.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly
Cryptopolitan·2024/07/03 14:14
Memecoins $WIF, $BRETT, and $BONK at, or approaching, good buy zones
Cryptodaily·2024/07/03 14:13
Bitcoin sinks under $60,000 as $157 million in long positions are liquidated
Cryptobriefing·2024/07/03 13:38
Ripple (XRP) Price Outlook for This Week: 3 Things to Watch
Cryptopotato·2024/07/03 13:13
Why the most interesting phase of this bull market has yet to begin
Odaily·2024/07/03 13:11
TRON’s Rise in Stablecoins: A Sign of Growing Adoption and Business Use
Coinedition·2024/07/03 12:55
Sony acquires Amber Japan, an article reviews its Web3 layout history
BlockBeats·2024/07/03 12:28
Flash
- 11:53Important developments on the evening of April 11th1. Bank of America: U.S. high-yield bonds experience the largest single-week fund outflow in history;2. Curve founder: The lock-up period for veCRV holdings has been extended to 4 years again;3. FTX/Alameda address unpledged 186,000 SOL, worth about $21.56 million;4. Trader Eugene: An upward trend in the yield of 10-year US Treasury bonds may trigger real-world risks;5. North Carolina proposes to allow tax payments with cryptocurrency;6. Trump family's crypto project WLFI denies selling ETH;7. From January 2021 to now, the supply of stablecoins on the ETH mainnet has increased more than five times, reaching $123 billion; 8.The sUSD de-pegging is due to changes in SIP-420 mechanism and not a bad debt issue; 9.Ministry of Finance: Adjusted additional tariff rate from 84% to 125%; 10.Moody's Chief Economist: Inflation data will be "ugly" by this summer; 11.Spot gold touched an upper limit of $3230 per ounce; 12.US prosecutors say Justice Department adjustments to crypto policy do not affect charges against Do Kwon.
- 11:52Russian logistics company ETE Group calls on the government to allow the use of cryptocurrency payments in overseas tradeAccording to Cryptonews, Russian logistics company ETE Group has asked Prime Minister Mikhail Mishustin to allow domestic companies to use cryptocurrency for payments in overseas trade. ETE is calling for a regulatory framework for settling with foreign suppliers in digital currency and hopes the government will amend relevant laws, including the "Russian Civil Code" and "Tax Code", as well as foreign exchange control laws. ETE pointed out that interest in foreign cryptocurrency payments in the business sector will increase by 40% by 2024, but the lack of a regulatory framework poses risks. The company believes that cryptocurrency payments can help solve problems with overseas payments. ETE also mentioned that sanctions on Russian financial institutions have hindered settlements with foreign suppliers. Payments between businesses in Russia and countries like China and Kazakhstan often face delays, which are extended whenever new sanctions are introduced. Russian law stipulates that cryptocurrencies cannot be used to pay for goods costs; only ruble is recognized as official currency.
- 11:43Analyst: Weak inflation data may prompt the Federal Reserve to cut interest rates, but the macroeconomic outlook remains bleakAccording to The Block, the crypto market calmed down after Thursday's CPI data was released, showing a general decline in US inflation last month for the first time since 2020 and 2021. BRN analyst Valentin Fournier said that although March data did not include the latest tariff rebound, the Federal Reserve may "cut interest rates and ease financial conditions" in May, which could boost assets such as Bitcoin. Fournier also speculated that Wall Street crypto funds may soon see a large influx of capital. He stated that with positive factors such as easing inflation, possible peak tariffs, and new SEC chairman taking office converging together; despite high volatility, long-term risks are limited and short-term impacts of Sino-US trade tensions might be exaggerated. However, some experts pointed out that March CPI may have limited impact on Fed decisions due to tariffs and trade wars. Mike Cahill from Douro Labs said that bond market collapse, cooling inflation and delayed tariffs are not macro resets but signals of structural imbalance; global system is still under pressure. Mike Marshall from Amberdata believes based on traditional financial turmoil; long term macro background for cryptocurrencies remains bearish.