CoinDesk 20 Performance Update: Index Plunged, With All 20 Assets Declining
The CoinDesk 20 Index dropped by 5.7% since Thursday afternoon, with LTC and ATOM leading the decline.
Financial
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U.S. Added 206K Jobs in June, Topping Estimates for 190K
Bitcoin dipped a hair on the news but prices had already crashed over the past 48 hours as markets dealt with a crush of new supply.
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First Mover Americas: Bitcoin Slumps Below $54K as Mt. Gox Flags Repayments
The latest price moves in crypto markets in context for July 5, 2024.
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Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms
“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.
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U.S. Crypto Stocks Sink in Pre-Market Trading as BTC Slumps
Bitcoin traded around $54,400 in Europe, a 24-hour drop of 5.8%, having earlier fallen to the lowest level since late February
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U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX’s Collapse
The jobs veri, due later Friday, is forecast to show that the pace of job additions in the world’s largest economy slowed sharply in June.
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Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash
The defunct crypto exchange announced last month that it will begin repayments in July.
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As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool
Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.
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Labour Landslide Sets Up Starmer as UK Prime Minister With Unstated Crypto Plans
While the industry was not mentioned in the party’s manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency.
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Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge
Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments.