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Crypto Bloodbath Continues While Fundamentals Improve
Time to sell? Or Double-down?
Justin
June 24, 2024 • Read Time: 7 minutes
What a weekend!
I’ll cut to the chase: the crypto markets are complete bloodbath right now. All the while, the fundamentals aside from price action continue to improve.
For the newbie investor, the temptation is to sell and wait it out. For the seasoned vet, these prices are looking very juicy.
Good luck, have fun.
Now let’s take a look at what’s happened over the weekend…
Cathie Wood of Ark Invest supports Donald Trump in the presidential race for economic reasons, aligning with his pro-crypto stance. — Read More
Crypto funds see a massive $1.2 billion outflow as investors lose hope for Federal Reserve rate cuts. — Read More
Despite persistent skepticism, numerous metrics indicate that crypto remains vibrant and is expanding rapidly in 2024. — Read More
CoinStats has confirmed a security breach, advising users to immediately transfer funds from affected wallets. — Read More
In a day where crypto's big boys play big games, Mt. Gox's plot twist of a payout, Bitcoin's stabilizing promise by Saylor, and an unforgiving market plunge co-star in the Bitcoin drama.
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This is a map of the ‘known’ #Bitcoin nodes across the world. Imagine thinking governments could shut this down.
— Dennis Porter (@Dennis_Porter_)
12:30 PM • Jun 23, 2024
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You gotta instill a sense of paranoia early on if you want your orange pilling to succeed long-term. 😉
— Jameson Lopp (@lopp)
4:46 PM • Jun 23, 2024
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In today's crypto narrative, Pantera Capital positions Solana as the Apple of blockchain, aiming for supremacy amidst notable market retreats and shifting tokenomics across various platforms.
Pantera Capital Touts Solana as the Blockchain Industry's Apple
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Shifts in Crypto Dynamics: Polkadot's Price Dip, Raboo's Rise, and Ethena's New Tokenomics
Polkadot struggles with price, Ethena revises tokenomics to boost staking, as Raboo excels in presales.
Cryptocurrency Market Faces Sharp Decline, Cardano and Solana Hit Hard
The cryptocurrency market slides as Cardano and Solana suffer heavy losses, and Bitcoin eyes $60K support.
In the ever-shifting sands of AI crypto, fleeting rallies and ambitious tech upgrades spur brief investor enthusiasm, but the waves settle quickly, like soda fizz escaping under pressure.
AI Cryptocurrency Merger Triggers Rally But Gains Are Short-Lived
AI coins including $OCEAN, $AGIX, and $FET surged after news of a merger but quickly retraced alongside Bitcoin.
NEAR Protocol Tops AI Crypto Development Activity
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AI Depin Project Adopts Solana for Reward Distribution
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As global crypto regulation tightens, Ripple reels under SEC heat, while Ethereum exhales and Hong Kong and Japan pivot to polish their crypto frameworks.
SEC Ends Ethereum Inquiry, Pursues Ripple for Billions in Penalties
The SEC concludes its investigation into Ethereum while intensifying its legal battle against Ripple over penalties.
Hong Kong Invites Global Input to Boost Web3 and Virtual Asset Industries
Hong Kong's Legislative Council forms a subcommittee to solicit global suggestions for advancing Web3 and virtual asset development.
Japanese Lawmakers Call for Crypto Regulation Overhaul
Top Japanese politicians advocate for major changes in cryptocurrency regulations to address legal inconsistencies and promote industry growth.