"The crypto market has taken some comfort from analysts who say oversupply concerns from legacy exchange Mt. Gox's 140,000 BTC distribution have been overblown. Bitcoin traded above $61,000 after falling to $58,580 on Monday. However, BTC is down 10% this month, Wall said. The Street's tech-heavy index contrasted sharply with the Nasdaq's 5% gain 😅

Investors at decentralized prediction platform Polymarket have already picked a winner in the 2024 US Presidential Election, and it's not incumbent Joe Biden. Trump's positive stance on cryptocurrencies could emerge as BTC and the broader market betting on Trump's presidency. 🤔

Upcoming US-based spot ether ETFs may see less demand than their already vibrant BTC counterparts. Spot ether ETFs may soon be available to investors in the United States after regulators approved key regulatory filings last month. 🚀

The chart of the day shows that nominal open interest in bitcoin futures listed on centralized exchanges fell by 14% to $37 billion.

So what do you think? We are waiting your comments!#DeFi#Web3 #CryptoNews"