What we will talk about today...

BTC Price Settles at $69K After $1.3B Wipeout

Bitcoin stabilizes at $69,000 after a sharp sell-off wipes $1.3 billion in open interest, raising questions about support levels.

• Main Points:

  • Price Stabilization: Bitcoin is steady at $69,000 after a sudden drop.

  • Market Reaction: Sell-off linked to U.S. employment data and a Roaring Kitty live stream.

  • Altcoin Impact: Ether briefly fell below $3,600 amid market turbulence.

  • Buying Opportunity: Analysts suggest buying the dip ahead of U.S. economic updates.

• Detailed Insights:

  • Volatility: Mixed U.S. employment data and a Roaring Kitty livestream caused significant price drops in BTC and altcoins.

  • Key Levels: Support is $67,500, critical at $64-65K. Losing these could weaken the bullish trend.

  • Leverage Flush: BTC lost $1.3B and ETH $800M in open interest, potentially stabilizing the market.

Related: SEC Chair Gensler: Spot Ether ETFs 'Will Take Some Time' to Begin Trading

Global liquidity trends still support a potential BTC price breakout to new highs.

ETFs See 18 Days of Gains: Blackrock’s Bitcoin Holdings Surpass 300,000

Blackrock now holds over 300,000 bitcoins after $217.7 million in inflows into U.S. bitcoin ETFs, marking 18 consecutive days of gains.

• Main Points:

  • ETF Gains: U.S. bitcoin ETFs see $217.7 million in inflows.

  • Blackrock's Lead: Blackrock’s IBIT fund holds 302,539 BTC, valued at $215.7 billion.

  • Market Dynamics: Mixed performance with inflows for FBTC and HODL, and outflows for GBTC and ARKB.

• Detailed Insights:

  • Blackrock's Holdings: IBIT is the largest ETF by AUM, with over 300,000 BTC.

  • Other Funds: Fidelity’s FBTC nears 200,000 BTC, and Grayscale’s GBTC holds 285,650 BTC post-outflows.

  • Market Overview: The varying inflows and outflows highlight Blackrock’s dominant market position and the evolving ETF landscape.

Related: Cathie Wood’s Ark Invest Buys Over 32K Reddit (RDDT) Shares, Sells ARKA.

Tate's bold moves in the crypto space spark debate and highlight his significant influence.

Andrew Tate Burns $38M Solana Meme Coin Tokens

Andrew Tate burns over 587 million Solana meme coin tokens, causing a surge in the TOP G coin price and vowing to crash the Solana network.

• Main Points:

  • Token Burn: Tate burns $11 million worth of TOP G tokens.

  • Price Surge: TOP G coin price jumps over 130%.

  • Bold Claims: Tate vows to crash Solana network, stirring controversy.

  • Market Reaction: Mixed response from the crypto community, with some praising his influence and others criticizing his actions.

• Detailed Insights:

  • Impact: Tate's actions led to a significant price increase for TOP G, with the burned tokens valued at $38.77 million.

  • Community Response: Views on Tate's influence vary, but his actions demonstrate his ability to impact the market.

  • Future Plans: Tate intends similar token burns on Solana, encouraging further engagement from his followers.

Related: Andrew Tate Hints Ethereum Could Hit $4,000

Tate's bold moves in the crypto space spark debate and highlight his significant influence.

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀

This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results