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Cryptocurrency Market Highlights for June 18, 2024
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📈 Bitcoin's Rollercoaster

  • Bitcoin Surges to $67K: Bitcoin experienced a significant rally, reaching $67,000, marking a notable increase in the cryptocurrency market.
  • Bitcoin Dips Below $65K: Despite the earlier surge, Bitcoin later fell below $65,000, hitting a one-month low. The price was last recorded at $64,680.44, marking a 3% decline.
  • Year-to-Date Performance: Bitcoin is up 44.14% year-to-date, with its all-time high recorded at $73,750.07 on March 14, 2024.

📉 Altcoin Movements

  • Ethereum: Ethereum's price dropped by 4%, trading at $3,401.37.
  • Solana: Solana's price fell by 7%, continuing its volatile performance. It had previously held a $150 price ceiling but has since dipped below this mark.
  • Dogecoin: Dogecoin experienced a significant drop, losing 11% in value.

🪙 New Developments

  • Tether's Synthetic Dollar: Tether launched a new synthetic dollar backed by tokenized gold, enhancing its product offerings and providing a stable value linked to gold.
  • zkSync Airdrop: zkSync's airdrop of its ZK token resulted in an initial market cap near $900 million. The token opened at $0.31 but has since dropped about 32%.

📉 Market Trends

  • Overall Market Decline: The broader crypto market saw a decline, with the CoinDesk 20 Index down just over 3% in the last 24 hours.
  • Liquidations: The total liquidations in the last 24 hours amounted to $480 million across exchanges.

📰 Other Notable News

  • VanEck's Bitcoin ETF: VanEck launched Australia's first spot Bitcoin ETF, providing a new investment avenue for Bitcoin exposure.
  • Peter Schiff's Prediction: Economist Peter Schiff predicted a significant decline in Bitcoin prices, warning investors of potential risks ahead.
  • 21Shares Expansion: 21Shares announced the appointment of Federico Brokate as Head of U.S. Business, highlighting the firm's growth in the U.S. market.

🌐 Global Impact

  • Brazil's Tax Authority: Brazil's tax authority plans to summon foreign crypto exchanges for information, reflecting increased regulatory scrutiny.

Outcrop Silver is leading the way by providing the metals needed for the AI and Technology tech boom (CA: TSX.V: OCG US: OTCQX: OCGSF)

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