Bitcoin price hits new June lows while open interest stays above $35B

The United States stock market plunged as the Dow Jones Industrial Average (DJIA) dropped 358 points in pre-market trading. The Bitcoin (BTC) price dropped to as low as $10,374 across major exchanges, but a larger pullback is unlikely.The one-hour Bitcoin price chart. Source: TradingView.comThree key reasons could buoy the near-term sentiment of Bitcoin. The potential…

The government warned betting companies that failing to comply with the new rules could result in a fine of up to 234,750 Australian dollars ($155,000).

Cryptocurrency exchange FTX is on the brink of securing naming rights to Miami Heat’s stadium until 2040. 1906 Total views 38 Total shares FTX has reached an agreement with Miami-Dade County on a 19-year partnership worth $135 million, to name Miami Heat’s home stadium the FTX Arena. The cryptocurrency derivatives exchange backed by Alameda Research,…

NFT sales dropped from $1 billion in April to $624 million in May, with Bitcoin, Ethereum, and Solana-based digital collectibles significantly declining.

The long-timeframe chart is painting a death cross pattern, however, suggesting a selloff ahead. 303 Total views 2 Total shares XRP price rose by nearly 30% in less than a week amid positive sentiment around the court case, in which the U.S. Securities and Exchange Commission (SEC) claims that Ripple sold XRP as illegal securities.SEC vs. Ripple…

In late March, major South Korean cryptocurrency exchange Bithumb lost around $18 million as a result of a hack. While the details are still sketchy — for instance, it is unclear whether or not it was an inside job, as Bithumb initially claimed — a large portion of the stolen funds have been frozen by…

Amid ongoing strength in the U.S. dollar currency index, Bitcoin bears gain strength, sending BTC/USD to its lowest since late July. Bitcoin (BTC) hit fresh lows on Sep. 7 as renewed selling pressure saw the largest cryptocurrency return to the $9,800 range.Cryptocurrency market daily snapshot, Sep. 7. Source: Coin360Analyst eyes BTC price bottom at futures…