Altcoins
Crypto News Today – June 17, 2024
Welcome to Crypto News Today, your daily digest of significant happenings in the cannabis industry.
Bitcoin collapses to $65,000, Altcoins bleed
Bitcoin fell to $65,000, with altcoins suffering significant losses of 10-20% in a turbulent week for the cryptocurrency market. Investors face a challenging environment as market sentiment turns negative. Read all about it on the TDR website!
Ether sees long-term holder accumulation
Despite a recent 2% price decline, Ether is seeing significant accumulation by long-term holders. This trend suggests confidence in Ethereum’s long-term potential and stability.
Numerous complaints about Bankman-Fried’s seized assets
In FTX’s bankruptcy proceedings, three groups filed claims over Sam Bankman-Fried’s seized assets, including funds, private jets and Robinhood shares. This legal battle complicates the distribution process to creditors and interested parties.
MicroStrategy Increases Investments in Bitcoin
MicroStrategy increased its convertible note offering by 40% to $700 million, continuing its aggressive Bitcoin acquisition strategy. This move reflects the company’s strong confidence in Bitcoin’s future growth potential.
South Africa re-elects Cyril Ramaphosa
Cyril Ramaphosa has been re-elected president of South Africa. This political stability can positively influence the country’s economic policies, including those related to cryptocurrency regulation.
Read more cryptocurrency news on the TDR website!