Altcoins
Crypto News Today – June 17, 2024
Welcome to “Crypto News Today,” your daily digest of important happenings in the cannabis industry.
Bitcoin plunges to $65,000, Altcoins bleed
Bitcoin fell to $65,000 as altcoins suffered significant losses of 10-20% amid a turbulent week for the cryptocurrency market. Investors face a challenging environment as market sentiment turns negative. Find out all about it on the TDR website!
Ether Sees Long-Term Holder Accumulation
Despite a recent 2% price decline, Ether is seeing significant accumulation from long-term holders. This trend suggests confidence in the long-term potential and stability of Ethereum.
Multiple Claims Over Seized Bankman-Fried Assets
As part of FTX’s bankruptcy proceedings, three groups have 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 stakeholders.
MicroStrategy increases its investment in Bitcoin
MicroStrategy increased its offering of convertible notes by 40% to $700 million, continuing its aggressive Bitcoin acquisition strategy. The move reflects the company’s strong belief in the future growth potential of Bitcoin.
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 the regulation of cryptocurrencies.
Read more crypto news on the TDR website!