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Price analysis 6/24: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

Bitcoin price descends to $60,000, but will traders buy the dip in BTC and altcoins? Source link

Chief author behind President Biden’s crypto EO rejoins administration

Carole House left her position as a crypto adviser at the New York State Department of Financial Services to rejoin the White House in an election year. Source link

Why is Bitcoin DeFi blooming? Developers share their insights

Experts say that the lack of base yield and fragmented liquidity have made Bitcoin DeFi a challenging environment to navigate. Source link

Crypto investment products see $584M outflow as Bitcoin descends to $60K

Apprehension over a delay in interest rate cuts, a strengthening DXY and softness in Bitcoin price back the $584 million outflow in crypto investment products. Source link

4-week correction for Bitcoin? Mt. Gox, Germany gov't add sell-pressure

Bitcoin price risks a potential fall below $60,000, due to Mt. Gox repayments and Germany’s government selling its 50,000 BTC. Source link

Over $122M Bitcoin longs liquidated as BTC falls below $61K

The incoming selling pressure from the Mt. Gox repayment could still cause the Bitcoin price to fall below the psychological $60,000 mark. Source link

Bitcoin miner Hut 8 lands $150M investment amid AI boom

Coatue Management invested $150 million in the Bitcoin miner Hut 8 Corp. due to its capability to power generative AI applications with its high-performance computing. Source link

Why are traders shorting Michael Saylor’s MicroStrategy?

Short sellers are targeting MicroStrategy stock, but what is the reasoning behind it? Source link

CoinShares secures 116% return from FTX claim sale

CoinShares will reinvest $39.78 million from the sale of its FTX claim into growth opportunities and enhanced client services. Source link

Mt. Gox Trustee to start Bitcoin, Bitcoin Cash repayments in July

After a decade of anticipation, July might finally bring restitution to the users of the now-defunct Mt. Gox exchange. Source link