Fast Take
- In the course of the weekend buying and selling session, Bitcoin traded steadily above $30.5k, with 24-hour liquidations nearly cut up between longs ($32.7M liquidated) and shorts ($34.2M liquidated).
- Final week, Bitcoin briefly broke under $30k as WSJ reported the SEC would block spot Bitcoin ETFs once more. The purposes, put ahead by exchanges on behalf of entities resembling BlackRock and Constancy Investments, had been discovered to be not “adequately detailed or exhaustive.”
- A supply who wished to stay unnamed, as referenced by the Wall Avenue Journal, disclosed that the purposes couldn’t pinpoint the Bitcoin change that might take part in a “surveillance sharing settlement” (SSA) with Nasdaq and Cboe. Such an settlement is a requirement set by the SEC to assist thwart fraud and manipulation within the basic market of a monetary asset.
- Tomorrow, on July 3, Bitcoin ATM supplier Bitcoin Depot plans to listing on the Nasdaq, turning into the primary crypto ATM operator to listing on the Nasdaq.
- In June, Bitcoin’s correlation with the Nasdaq dropped to three%, as Kaiko’s knowledge suggests a sentiment cut up between cryptocurrencies and equities.
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