💰 Bitcoin dominance exceeds 56% as ETH/BTC ratio heads lower

As Bitcoin's dominance surges past 56%, the Ethereum to Bitcoin (ETH/BTC) ratio finds itself in an unfamiliar territory, trading at 0.052. This underperformance has persisted despite a brief spike following the approval of an ETF. Analyzing the cyclical movements of the ETH/BTC ratio since its low in June 2022 reveals some compelling patterns. Interestingly, in prior cycles, Ethereum consistently outperformed Bitcoin—often by over 200%.

Source

https://t.me/CryptoMarketTime

🪙 Bitwise discloses $2.5 million seed investment in latest amended filing for its spot Ethereum ETF

Bitwise updated its registration form for its spot Ethereum exchange-traded fund as the asset management firm, among others, waits for the go-ahead from the U.S. Securities and Exchange Commission to list and trade those products. Bitwise included some new details in its updated S-1 form for the Bitwise Ethereum ETF, including language about a $2.5 million seed investment.

Source

https://t.me/CryptoMarketTime

🟣 Kraken discloses it was exploited for nearly $3 million in bug that has now been fixed

Kraken disclosed nearly $3 million was taken from its wallets following a bug-related exploit that's since been fixed. The crypto exchange received a bug bounty program alert on June 9, according to Kraken’s Chief Security Officer Nick Percoco. The alert warned it to an “extremely critical” bug, allowing an attacker to artificially inflate their balance on its platform.

Source

https://t.me/CryptoMarketTime

💰 Bitcoin dominance surges past 50% again despite market volatility

Bitcoin’s market dominance, the market share of bitcoin’s market capitalization relative to the total market capitalization across crypto tokens, shot up to 52.92% over the weekend, climbing up from below 50% at the end of May. Bitcoin is the largest crypto asset by market cap, and its market dominance has not fluctuated much over the past year. It has stayed within the range of 44% and 53%, boosted since last summer as the excitement around spot ETF approvals lifted bitcoin relative to its peers.

Source

https://t.me/CryptoMarketTime

💰 Bitcoin’s realized market cap hits $600 billion

Bitcoin’s realized capitalization has shown a marked increase alongside the asset’s price in 2024. As depicted in the charts, realized cap reflects the aggregate value of all BTC at the price they were last moved, diverging from traditional market capitalization metrics. This metric reached approximately $600 billion in June 2024, coinciding with Bitcoin’s price stabilizing near $63,000.

Source

https://t.me/CryptoMarketTime

🟠 Nigerian government defends treatment of imprisoned Binance executive after visit from U.S. lawmakers

U.S. lawmakers in recent weeks have called attention to the Nigerian government's treatment of detained Binance executive Tigran Gambaryan, who's been held by the African country since February on charges of money laundering and tax evasion. The Nigerian government, through a statement posted to the X account of its Minister of Information and National Orientation, Mohammed Idris, has called the allegations of poor healthcare "false," asserting that Gambaryan "...has access to quality medical care whenever required" along with consular services from his home government of the United States.

Source

https://t.me/CryptoMarketTime

🧊 Litecoin (LTC) witnesses a spike in active addresses, Cardano whales are buying this new meme sensation

The crypto market is buzzing with action and new ideas, catching the eye of investors and fans everywhere. Lately, Litecoin (LTC) has blown up with a ton of network activity, showing that people are getting hyped about it again and there’s potential for some serious growth. Meanwhile, Cardano whales have started eyeing a new meme sensation, indicating a shift in investment strategies.

Source

https://t.me/CryptoMarketTime

💡💡💡: 🥇 Mt Gox to start Bitcoin repayments - Bloomberg

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💰 Crypto Markets Shed $70 Billion Overnight as Bitcoin Fell to 6-Week Lows (Market Watch)

The relatively quiet weekend ended with BTC struggling to remain above $64,000, but Monday started with a massive price dump to a 6-week low of $62,000. Last week didn’t go well for the primary cryptocurrency as the ETF outflows skyrocketed. The underlying asset went from a weekly peak of over $67,000 to a multi-week low of $63,500 on Friday. Compared to the previous week, the losses were even more violent as BTC had tapped $70,000 on a few occasions back then.

Source

https://t.me/CryptoMarketTime

💰 Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan

The bitcoin (BTC) mining sector is attracting a wave of investor interest following Core Scientific's (CORZ) deal with artificial intelligence (AI) company CoreWeave, JPMorgan (JPM) said in a research report on Monday. The bank notes that the total market cap of the 14 miners it tracks has grown by 22%, or $4 billion, since the announcement, versus a 7% drop for bitcoin and a 3% increase for the S&P 500 stock index.

Source

https://t.me/CryptoMarketTime

⚡️⚡️⚡️⚡️⚡️⚡️: 🚨 Julian Assange has reached a plea deal with the U.S., allowing him to go free❗️

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🪙 VanEck files Form 8-A as path towards a spot Ethereum ETF presses on

Fund manager VanEck filed another form to the U.S. Securities and Exchange Commission on Tuesday, marking progress towards a spot Ethereum exchange-traded fund. VanEck filed a Form 8-A for its Ethereum product — a move that signifies registration that allows issuers to trade on an exchange once the product has been approved.

Source

https://t.me/CryptoMarketTime

🏦 Bybit surpasses Coinbase to become second largest crypto exchange by volume – Kaiko

Bybit crypto exchange has surged to become the second-largest exchange by volume, surpassing Coinbase, according to data from Kaiko. Since October 2023, Bybit has doubled its market share from 8% to 16%, while Binance, although still the leader, has seen its share drop from 60% to 54%. Kaiko attributes an increase in market volume to the January launch of spot bitcoin ETFs, significantly boosting overall crypto trading volumes.

Source

https://t.me/CryptoMarketTime

🪙 Tether USDT sees rapid $580 million growth on Telegram-linked TON blockchain

Tether’s USDT supply is growing at its fastest rate on the Telegram-linked The Open Network (TON) blockchain. According to Tether’s transparency page, the stablecoin issuer has issued $580 million worth of USDT tokens on the blockchain, and its net circulation sits at $519 million as of press time. This milestone comes less than two months after Tether issued its USDT stablecoin on the network.

Source

https://t.me/CryptoMarketTime

🥇 Bitcoin Falls After U.S. Sends $240M Worth of Silk Road-Related BTC to Coinbase

Bitcoin (BTC) fell back towards $60,000 on Wednesday, after a wallet tagged to the U.S. Government moved about $240 million worth of seized BTC to a Coinbase Prime address, igniting concerns among traders that the digital assets will likely to be sold. Some 3,940 bitcoin originally seized from a Silk Road vendor was moved by the the wallet, according to an Arkham Intelligence social media post.

Source

https://t.me/CryptoMarketTime

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