Bitcoin Price Crash to $50K Dashes Carry Traders’ Hopes
Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets.Source
Bitcoin Dips Below $50K as Investors Flee Risk Assets
Ether prices also fell to $2.2K.Source
Crypto Futures Record $1B in Liquidations as Bitcoin Nosedives, Ether Slumps Most Since 2021
A sentiment index that tracks crypto markets changed to “fear” early Monday, suggesting a possible sign of a near-term local bottom.Source
Ether Slides 20% as Trading Firm Moves $46M in ETH
A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain.Source
As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks
Former President Donald Trump heaped more praise on the “very, very smart people” of the crypto industry in an interview broadcast on Friday, suggesting that the U.S. embracing Bitcoin {{BTC}} could aid in addressing the $35 trillion U.S. national debt. Though Vice President Kamala Harris, his presumptive Democratic opponent in the presidential race, hasn’t yet made any policy statements about her own view on cryptocurrency, one of her campaign accounts on X – the “rapid response” campaign effort – seemed to slam Trump’s view by airing his comments.Source
Coinbase’s ‘Solid’ Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say
The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.Source
MicroStrategy Bull Doubles Down on The Stock by Raising Price Target to Wall Street High
The broker raised its year-end price target for the software company to $2,150 from $1,875.Source
France Opens for MiCA Applications, First Among Biggest EU Economies
France’s Autorité des Marchés Financiers said it started accepting applications for crypto asset services provider licenses on July 1.Source
Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood
Major U.S. stock indexes are suffering 2.5%-3.5% declines on Friday.Source
Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC
The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.Source