Crypto News Highlights Today
Crypto News Today – Summary
Crypto Fear & Greed Index Hits Low, Bitcoin May Drop Further
- The Crypto Fear & Greed Index has reached its lowest point since early 2023, indicating extreme market fear and potential further decline in Bitcoin’s price. Significant Bitcoin holdings from entities like the German and U.S. governments and the Mt. Gox estate are expected to be liquidated, adding market pressure. Analysts suggest Bitcoin could drop to $50,000, with investor sentiment at its lowest since the 2022 crypto winter.
Inflows to US Spot Bitcoin ETFs Spike $143.1M as Investors Buy the Dip - Inflows to US spot Bitcoin ETFs have surged by $143.1 million as investors buy the dip, showing growing confidence in Bitcoin’s long-term potential despite market fluctuations.
Solana-Based Memecoin Billy Continues Upward Trend, Soars Over 44% Days After Listing - Billy, a memecoin on the Solana blockchain, has surged over 44% in value just days after its listing, reflecting ongoing enthusiasm and speculative interest in the memecoin market.
German MP Urges Government to Halt BTC Sales, Calls for Strategic Reserve - A German MP has advocated for the government to stop selling Bitcoin and instead create a strategic reserve, aiming to position Germany as a leader in the digital asset class.
Canadian Regulator Probe Determines Liquitrade Operates an Illegal Crypto Exchange - A Canadian regulatory investigation has concluded that Liquitrade operates as an illegal crypto exchange, highlighting the regulatory challenges and need for compliance in the cryptocurrency sector.
Biden’s Odds on Polymarket Little Changed After ABC TV Interview - President Biden’s odds on the prediction market platform Polymarket remained largely unchanged following his interview on ABC TV, indicating no significant impact on market perception of his future political prospects.
For more detailed updates, visit the TDR Website and subscribe to the Daily Baked in Newsletter for news on Cannabis, AI, Small Cap, and Crypto!