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Why is Bitcoin down today? BTC slips below $64K
Why is Bitcoin down today? BTC slips below $64K

Share link:In this post: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 recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Cryptopolitan·2024/06/21 17:28
Standard Chartered to Launch Bitcoin and Ether Trading Desk: Report
Standard Chartered to Launch Bitcoin and Ether Trading Desk: Report

Standard Chartered’s new crypto desk will be based in London.

Cryptopotato·2024/06/21 16:49
SEC closed the book on its Ethereum 2.0 investigation, but legal questions remain
SEC closed the book on its Ethereum 2.0 investigation, but legal questions remain

Quick Take Consensys announced on Tuesday that the SEC’s enforcement division notified the company that it was closing its investigation into Ethereum 2.0. Sources told The Block that it’s not clear whether the SEC views ether as a security and say the agency could have decided to scuttle the investigation to avoid litigation risk.

The Block·2024/06/21 16:31
Pantera Capital is raising funds for second TON token investment
Pantera Capital is raising funds for second TON token investment

Quick Take Pantera Capital is doubling down on its bet on the TON token shortly after making its largest investment ever in the token earlier this year. The venture capital firm is now raising money for a new fund to invest more in the TON token, according to an email seen by The Block.

The Block·2024/06/21 16:28
Flash
  • 03:35
    Top 5 increase today: LUCE 24-hour increase of 148.70%
    Bitget market data, today's top 5 tokens in terms of increase are LUCE, ORBK, GRPH, BLASTUP, EMT. Specifically: LUCE has increased by 148.70% in the last 24 hours and is currently priced at $0.04974; ORBK has increased by 51.76% in the last 24 hours and is currently priced at $0.00129; GRPH has increased by 25.81% in the last 24 hours and is currently priced at $0.0078; BLASTUP has increased by 23.89% in the last 24 hours and is currently priced at $0.01976; EMT has increased by 23.63% in the last 24 hours and is currently priced at $0.01821.
  • 03:28
    Data: Two whales/institutions withdrew nearly 9 million dollars worth of ENA from CEX 8 hours ago
    According to on-chain data analyst Yu Jing's monitoring, two whale/institutional addresses withdrew ENA worth 8.98 million USD from CEX 8 hours ago, of which: ARCA withdrew 13.518 million ENA (equivalent to about 5 million USD) The address starting with 0xc04 withdrew 10.74 million ENA (equivalent to about 3.98 million USD)
  • 03:25
    U.S. stocks plummeted, Bitcoin rose nearly 10% in October, the market is focusing on tonight's non-farm payroll data for October
    According to monitoring, U.S. stocks opened lower on Thursday local time and the decline widened, with tech stocks, semiconductor stocks, and AI concept stocks collectively falling. Despite the "Big Seven Tech" companies showing excellent revenue and profits, the market was disappointed with their performance guidance considering the current stock price and valuation levels, leading to a sharp decline across the board. The Nasdaq fell by 2.76%, marking the biggest drop in nearly two months and ending October down 0.52%, breaking two months of consecutive gains; the Dow closed down 0.90%, with a cumulative decline of 1.34% in October, halting five months of consecutive gains; the S&P 500 fell 1.86%, ending October down 0.99%, also breaking five months of consecutive gains. The crypto market collectively plummeted under the influence of the U.S. stock market. As of the time of writing, Bitcoin fell below the $70,000 mark, trading at $69,851, down 3.18%, after gaining nearly 10% in October due to intensifying Trump trades. Ethereum fell 5.1%, trading at $2,516, with a cumulative decline of 4.28% in October. The U.S. Dollar Index fell below 104 on Thursday, closing down 0.2%, but accumulated about a 3.1% rise in October. Dovish comments from the Bank of Japan weakened, leading the Japanese yen to rise 1%, with a cumulative increase of 5.86% in October. Inflation in the Eurozone in October accelerated more than expected, strengthening the European Central Bank's reason to be cautious about cutting rates, with the euro strengthening by 0.26%, although it fell 2.25% for the month. The British pound against the U.S. dollar fell 0.51%, with a cumulative drop of 3.55% in October. International crude oil prices continued to rise due to the potential escalation of tensions in the Middle East, with WTI crude oil at one point rising over 2%, and Brent crude closing up 1.87%, accumulating about a 2.38% rise in October. Safe-haven demand ahead of the U.S. presidential election drove gold prices to continuously reach new highs for four consecutive months, with spot gold gaining about 4.2% in October. The latest data shows that U.S. September PCE inflation rose 2.1% year-over-year, meeting expectations. The market is now focusing on the U.S. nonfarm payrolls report for October to be released tonight. The general market expectation is that the number of new nonfarm jobs added in October will slow significantly due to temporary unemployment caused by hurricanes and strikes. It is worth mentioning that the jobs report will be released this Friday, just four days before the U.S. presidential election. If the data is extremely weak, it could impact the election and increase market volatility.
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