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Top Performing Assets (24 Hours): $SOL 9.20% | $ETH 7.94% | $AVAX 6.16%
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Happy Tuesday Folks! Bitcoin is trading up at $49,930.87. Bitcoin once again is attempting to do the impossible and breakout once again to the upside. How far this rally will extend is beyond me but the bullish momentum appears to have some left in the tank. Let's get on with the news...
SUMMARY
Yesterday, Bitcoin continued to rally strong, nearing $51K(6) Today, Peter Thiel's Founders Fund invested $200 million in Bitcoin and Ethereum demonstrating confidence in crypto.(6)
$40B flows into Bitcoin in a day, as Crypto greed index hits the highest level since the all-time-high; on-chain metrics show early signs of bull market cycle. However, many investors might be taking profit at $50K. Arthur Hayes sees $70K by end of year. $SOL open interest soars to $1.75B(2) and price reacts as well. Back in the day Nassim Taleb said Bitcoin was a failure; hmmm wonder how that is working for him now?
Ledger is integrating into Coinbase to allow folks to buy Crypto Assets using the exchange as an on-ramp.(2) If are aware ShapeShift did this with the KeepKey. Bitcoin Depot will install over 8,000 Bitcoin ATM this year.
CZ will find out soon if he will spend 18-months in prison for money laundering charges.
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Podcast of the Day: #481: Bitcoin's Positive Influence On Power Markets with James McAvity | TFTC
