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#Bitcoin - Days above 70K 2 weeks!
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- Days above 70K
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Sentiment: Bitcoin's second drop below $67K on Thursday led to the second largest surge in buyer interest for $BTC crowds in the past 2 months. FOMO and greed manifest in two ways: 1) Prices surge, and traders want to jump in hoping that prices will continue to rise (as we saw on May 20). 2) Prices drop, traders don't believe the drop was justified, and they buy in hopes of a quick recovery (as we saw on June 13). Were you in either of these camps at that time? Are you taking profits, fearing further price drops? Or perhaps you're just patiently holding onto your bags?
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Sentiment: Top 10 exchange wallets on the networks of #ShibaInu , #Chainlink , and #Ethereum respectively. Since May 27, their holdings have decreased by: $SHIB : -2.4% $LINK : -2.9% $ETH : -8.6% The reduction in exchange reserves should be considered a positive sign for bullish traders.
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Morning news from CrypticNews Hub 1. Bloomberg ETF Analyst: Previous predictions regarding the approval of the spot ETF S-1 Ethereum around July 4 may need to be postponed. 2. ZKsync: No significant issues with the airdrop design, but clarity is lacking in the details transfer. 3. Paradigm launches its third fund with a volume of $850 million USD. 4. Ripple cites its agreement with Terraform as grounds for a proposed reduction in the $2 billion USD fine by the SEC. 5. AO announces token savings: a total of 21 million tokens, 100% distributed among communities. 6. DeFi asset management platform Zapper plans to launch the ZAP token in Q4. 7. Leveraged trading protocol Particle completes a new round of strategic financing. 8. Web3 talent market Bondex completes a strategic financing round with participation from Animoca Brands. 9. Holograph contract attacked, resulting in hackers illegally mining 1 billion HLG tokens. 10. Coinbase International to launch perpetual futures for $BOME and $NOT
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The S&P 500 and Nasdaq closed at new record highs for the fourth consecutive session on Thursday, gaining 0.2% and 0.3% respectively. This was driven by the rise in technology stocks, while the Dow Jones index lost 65 points. Investors compared cooler-than-expected inflation data with the Federal Reserve's moderate rate cut expectations. The latest PPI report indicated continued easing of inflationary pressures, reviving the possibility of multiple rate cuts this year. Broadcom shares surged 12.8% after raising revenue forecasts for AI chip sales and announcing a stock split, while Nvidia shares rose 3.5%. Tesla shares gained 2.7% after shareholders approved Elon Musk's $56 billion pay package and news of plans to relocate the company to Texas. Conversely, Virgin Galactic shares fell 14.2% following news of a reverse stock split.
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Over the past decade, Nvidia has brought investors a 75% annual return. Every $1000 invested in the company's stock is now worth approximately $270,000.
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