๐๐DeFi enthusiasts, lend me your ears! Bitcoin took a brief joyride above $62,000 before deciding it preferred the $61,400 neighborhood. Why? Germany's been busy transferring 750 BTC (worth a cool $46M) to Bitstamp and Kraken. ๐ฉ๐ช๐ผ๐
๐Meanwhile, altcoins are feeling the liquidity squeeze more than Bitcoin and Ether. Open interest in altcoin futures is down 34% since BTC's June peak. Jeff Dorman from Arca says it's like trying to catch a falling knife. But hey, who doesn't love a bit of drama in the crypto market? ๐ญ๐ธ
๐ชIn other news, Cardano showed off its resilience by fending off a DDoS attack aimed at stealing staked tokens. The ADA token remained stable, proving not all heroes wear capes. ๐ก๏ธ๐ฆธโโ๏ธ
๐๐Lastly, meme coin Doraemon (DORAE) had a wild ride, skyrocketing to $2M in market value before crashing to under $200K in 30 minutes. Talk about a rollercoaster! ๐ข๐ฐ
What's your take on these market moves? Share your thoughts below! ๐#DeFi #Web3 #CryptoNews