📌 Daily Summary
● LIVE TRACKINGIn a volatile trading session, Bitcoin (BTC) experienced a swift reaction following the release of the US Producer Price Index (PPI) data, contributing to a broader decline in cryptocurrency prices alongside Ethereum (ETH) and Ripple (XRP). Ripple issued a strategic statement regarding the importance of Türkiye's stance on cryptocurrency, highlighting its significance in global regulatory discussions. Amidst the downward pressure, JPMorgan identified potential catalysts for cryptocurrency resurgence in the latter half of the year. Additionally, market sentiment was further complicated by claims from a prominent Bitcoin advocate, who attributed the recent crash to Binance's activities, as tensions escalated with Binance founder CZ unfollowing key industry figures. Ethereum's recovery momentum has stalled, with analysts offering predictions on upcoming price movements.
13:33
US Producer Price Index (PPI) data has been released. How did Bitcoin (BTC) and the Dollar (DXY) react after the data was released?
13:07
Ripple CEO Reece Merrick stated that he is extremely optimistic about cryptocurrency adoption in Türkiye.
12:37
The cryptocurrency market has resumed its downward trend after a partial recovery, with the price of Bitcoin falling below $66,000.
12:02
JPMorgan said that cryptocurrencies could revive in the second half of the year if the market structure law CLARITY is passed.
11:23
Binance founder Changpeng Zhao (CZ) unfollowed Wood after he blamed Binance for the Bitcoin (BTC) crash.
