This Week in Crypto: Bitcoin Wobbles, AI Tokens Shine (June 16th - June 23rd, 2024)
- Bitcoin had a wild ride this week, reaching new highs before a surprise drop put it back under $64,000. This volatility seems to be linked to a record outflow of funds from Bitcoin ETFs.
But fear not, crypto enthusiasts! Here are some other hot crypto news stories:
- AI Tokens Take Off!
With chipmaker Nvidia soaring, tokens like FET and AGIX tied to Artificial Intelligence are seeing big gains.
First Australian Bitcoin ETF Launches! 🇦🇺 Down under, they're embracing crypto with the first-ever Bitcoin ETF on their main stock exchange.
- Regulations on the Rise!
Governments are taking a closer look at crypto, with stricter regulations coming into effect in Italy and penalties imposed on Binance in India.
- Is the Dogecoin Dream Over?
The meme coin craze might be cooling down, with some traders betting against Dogecoin and a big drop in its value.
Stay tuned! The crypto market is always moving fast, so keep an eye out for the latest updates.