Yesterday's Top Crypto News (June 11th, 2024)
1. Bitcoin Pullback and Market Jitters:
News:
#Bitcoin dipped below $68,000 triggering liquidations as traders awaited key economic data releases (#bitcoin, #BTC,
#cryptocrash , #FOMC, #CPI)
2. Institutional Activity:
News: Despite the pullback, Bitcoin saw significant inflows ($2 billion) while Ethereum had its highest institutional buying since March. (#cryptoadoption, #institutionalinvesting, #Ethereum, #ETH)
3. Meme Coin Sell-Off:
News: Meme coins like Dogecoin and Shiba Inu saw a sharp decline, extending losses for GameStop stock. (#memecoins, #DOGE, #SHIB, #GME)
4. Meta Discloses Bitcoin Purchase:
News: Metaplanet, a metaverse project, saw its shares jump after disclosing a $1.6 million Bitcoin purchase. (#metaverse, #Metaplanet, #bitcoinadoption)
5. Ethereum Staking Update:
News: The amount of staked Ethereum (ETH) on the Beacon Chain reached a new high, indicating growing confidence in Ethereum 2.0. (
#Ethereum ,
#ETH ,
#staking )