🚀 Bitcoin's been on a rollercoaster, folks! From a low of $54K to over $59K, and it might just reclaim $60K. But don't get too comfy, says 10x Research's Markus Thielen. He sees this as a short-term bullish rally. 📈 Meanwhile, Bitcoin's at about $58.5K, up 1.7% in 24 hours. The broader digital market's up too, by about 1.65%.
🔍 In other news, Celestia's cryptocurrency TIA has leaped 25% to $7.30 this week. But traders are wary and are betting bearish. Average funding rates across exchanges are negative, a trend not seen since January.
⚡️ Bitcoin miners are now the cool kids on the block, helping build AI data centers. Bernstein's research report cites recent AI deals as catalysts for the sector. They've initiated coverage of Iris Energy and Core Scientific with outperform ratings.
📊 Meme coins, anyone? Solana-based MONK has dethroned dogwifwhat (WIF) as the fourth largest meme coin. BONK's proposed to burn 84 billion coins, pushing its market value past WIF.
💬 What's your take on these market moves? Bullish, bearish, or just here for the memes? Let's chat in the comments! #DeFi #Web3 #CryptoNews