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๐จBreaking News๐จ
$WCT
๐ Crypto Daybook Americas: Bitcoin Buoyed by Trump, but Analysts Eye $92K Risk:
โข Bitcoin (BTC) is hovering around $106,000, up 0.9% in the past day, and the broader CoinDesk 20 index has gained 0.77%. In traditional markets, oil prices slipped 1.7% after a three-week rally and European stock indexes rose. U.S. equity futures are slightly higher than they were this time Thursday.
โข Trump's statement brought the chances of U.S. military intervention within the month down on prediction market Polymarket from about 70% to 40%. On an extended timeline of next month, the chances are currently at 62%, down from 90% on June 17.
โข Although the short-term prospect of a U.S. intervention in Iran has lessened, the fact that this is said to be a two-week break means it will still be an active issue for the markets leading into next week. AJ Bell investment analyst Dan Coatsworth explained to Yahoo Finance.
โข In spite of the relative calm in the crypto market, analysts are viewing divergent risks. Glassnode, a firm that provides blockchain analytics, stated muted on-chain behavior might be a sign of an older, institution-led market with large, periodic transactions.
โข A fresh report by CryptoQuant, however, warns that bitcoin may go down to $92,000 or even lower, if demand does not recover. ETF inflows are down 60% since April, whale purchases have slowed by half, and short-term holders have offloaded 800,000 BTC since late May.
๐ What to Watch?
โข June 20: Proof-of-stake blockchain BlackCoin (BLK) enables SegWit on mainnet, enhancing security and performance. Nodes need to be updated to release v26.2.0 prior to this date. 13.2 wallets can be utilized in 26.2.x.
โข June 25: ZIGChain (ZIG) mainnet will be live.
โข June 30: CME Group will launch spot-quoted futures, subject to regulatory approval, for trading in bitcoin, ether and key U.S. equity indices with up to five-year holdable contracts.
#WalletConnect @WalletConnect
๐ Crypto Daybook Americas: Bitcoin Buoyed by Trump, but Analysts Eye $92K Risk:
โข Bitcoin (BTC) is hovering around $106,000, up 0.9% in the past day, and the broader CoinDesk 20 index has gained 0.77%. In traditional markets, oil prices slipped 1.7% after a three-week rally and European stock indexes rose. U.S. equity futures are slightly higher than they were this time Thursday.
โข Trump's statement brought the chances of U.S. military intervention within the month down on prediction market Polymarket from about 70% to 40%. On an extended timeline of next month, the chances are currently at 62%, down from 90% on June 17.
โข Although the short-term prospect of a U.S. intervention in Iran has lessened, the fact that this is said to be a two-week break means it will still be an active issue for the markets leading into next week. AJ Bell investment analyst Dan Coatsworth explained to Yahoo Finance.
โข In spite of the relative calm in the crypto market, analysts are viewing divergent risks. Glassnode, a firm that provides blockchain analytics, stated muted on-chain behavior might be a sign of an older, institution-led market with large, periodic transactions.
โข A fresh report by CryptoQuant, however, warns that bitcoin may go down to $92,000 or even lower, if demand does not recover. ETF inflows are down 60% since April, whale purchases have slowed by half, and short-term holders have offloaded 800,000 BTC since late May.
๐ What to Watch?
โข June 20: Proof-of-stake blockchain BlackCoin (BLK) enables SegWit on mainnet, enhancing security and performance. Nodes need to be updated to release v26.2.0 prior to this date. 13.2 wallets can be utilized in 26.2.x.
โข June 25: ZIGChain (ZIG) mainnet will be live.
โข June 30: CME Group will launch spot-quoted futures, subject to regulatory approval, for trading in bitcoin, ether and key U.S. equity indices with up to five-year holdable contracts.
#WalletConnect @WalletConnect
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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