Price: $68,810 | Last Year: $25,854

"You cannot shake hands with a clenched fist." -Indira Gandhi

7.3 million new BTC addresses added in H1 2024 however, Bitcoin price failed to stay above the $68,500 support zone. BTC extended losses and now showing bearish signs below the $67,800 level as hedge funds heavily bet for Bitcoin to fall; a very risky strategy.

After 19 consecutive days of inflows, the ETFs’ streak is now over but the amount of bitcoins purchased by these investment vehicles in the first week of June was recorded to be almost as much as the entire month of May. Bitcoin dips as traders begin to rumble over US inflation. Traders are seemingly going risk-off ahead of a U.S. CPI print and a Fed monetary policy meeting, with Bitcoin falling to a weekly low.

Meanwhile, Metaplanet rallies 10% as it BTFD by scooping up Bitcoin for 3rd time in 2 months; the firm’s third Bitcoin purchase since April 23 brings its total holdings to 141.07, worth over $9.6 million. In addition, DeFi Technologies adopts Bitcoin as its treasury reserve, purchasing 110 $BTC.

"Investor Christopher Burniske flips to ‘unapologetic bullishness’ on Crypto, says 'Resistance Is Futile.'"

Bitfarms adopts shareholder rights plan as Riot attempts takeover. The plan, which passed after Bitfarms’ shareholder meeting, will complicate Riot’s effort but not necessarily stop it from succeeding. Indiana vows outage-free energy for crypto miners, data centers.

Altcoin Daily

Podcast of the Day: Bitcoin: Buy The Dip Before This Happens | Macro Monday

OTHER NEWS

Ethereum price failed to clear the $3,720 resistance. ETH declined again and is now at risk of more losses below the $3,550 support zone. SEC considers spot Ether ETF application from ProShares as the commission approved 19b-4 filings from eight asset managers in May, but they won’t begin trading on U.S. exchanges until the SEC signs off on the S-1 registration statements.

FTC issues urgent warning over rising crypto romance scams.