đCrypto world, brace yourselves! Mt. Gox, the defunct crypto exchange, is set to return over 140,000 BTC to victims of a 2014 hack next month, causing a bearish sentiment in the market. Bitcoin slipped to $60,723, with Ether and the broader market following suit. But don't fret, this could be a "bear trap"! đ»
Meanwhile, Ether traders are snapping up bullish options on Deribit in a falling market, betting on new record highs. Got any predictions? Share them below!đ
In other news, Japanese institutional investors are warming up to digital assets, with over 50% planning to invest in crypto in the next three years. Tokyo-listed Metaplanet has adopted BTC as a reserve asset to hedge against Japan's fiscal problems.
Lastly, CryptoQuant's Coinbase premium index shows weaker net buying pressure from U.S. investors. What's your take on this? Let's discuss! #CryptoUpdate #Bitcoin #Ether #CryptoMarket.
