Live updates: More bitcoin is now held at a loss than at a profit
0
·1 views
Read the full story at CoinDesk
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Related stories
0
Crypto & Web3CoinDesk ·
Binance defends EU commitment after withdrawing MiCA license application
Binance's Europe head Gillian Lynch has defended the company's commitment to the European Union following its withdrawal of a MiCA license application shortly before the July 1 deadline. Lynch argued that the MiCA regulatory framework should be evaluated based on the entities it licenses rather than those it excludes. She noted that Binance had successfully met Greece's licensing requirements, signaling the company's continued operational presence in the region. Despite the application withdrawal, Binance maintains it remains dedicated to serving the European market.
0
Crypto & Web3CoinDesk ·
Bitcoin Spot ETFs Record $221M Inflows, Breaking 10-Day Outflow Streak
U.S. spot Bitcoin ETFs attracted $221 million in net inflows, ending a difficult 10-day streak of consecutive outflows. This marked the strongest single-day inflow performance for these funds in approximately two months. Notably, the surge was driven by funds other than BlackRock's iShares Bitcoin Trust (IBIT), which has typically led inflow activity. The reversal signals a potential return of investor appetite for Bitcoin-linked exchange-traded products after a prolonged period of capital withdrawal.
0
Crypto & Web3CoinDesk ·
XRP rises 4% as buyers push token toward $1.10 resistance level
XRP climbed approximately 4% as bullish buyers stepped in to defend a higher price floor. The token is now testing near-term resistance around the $1.10 mark. Analysts note the rally lacks full confirmation until XRP achieves a clean break above that level. The move suggests growing buying interest, but momentum remains conditional on clearing the key price threshold.
0
Crypto & Web3CoinDesk ·
Bitcoin Nears $62,000 as Short Squeeze Wipes $281M; Ether and Solana Rally
Bitcoin climbed to its highest level in two weeks, approaching $62,000, driven largely by a short squeeze in the crypto market. Bearish traders bore the brunt of the move, suffering $281 million in liquidations over 24 hours — nearly double the losses recorded by long positions. Ether posted gains of nearly 10% over the week, while Solana surged close to 19% in the same period. A recovery in technology stocks also helped ease broader market pressure stemming from concerns around the AI trade.
Discussion (0)
Log in to join the discussion and vote.
Log in