📌 Daily Summary
● LIVE TRACKINGThe release of the Federal Reserve's Personal Consumption Expenditures (PCE) data has sparked significant movements in the cryptocurrency market, with Bitcoin (BTC) initially reacting with volatility amid ongoing inflationary concerns. In related developments, Grayscale has identified 15 altcoins it deems undervalued, potentially indicating a shift in investor sentiment toward alternative cryptocurrencies. Meanwhile, historic exoduses from U.S. ETFs specific to Bitcoin, Ethereum (ETH), Solana (SOL), and XRP highlight the market's fluctuating dynamics and investor anxieties. With approximately $10 billion in Bitcoin options set to expire, concerns regarding deeper selling pressure continue to loom, exacerbating market uncertainties. Furthermore, the memecoin sector has experienced a drastic downturn, with one prominent project losing over 80% of its value, raising alarms about sustainability in this niche. Bitcoin's future trajectory is under scrutiny as the founder of BTC.top suggests the possibility of a bottom forming within a specific price range.
12:32
PCE data has been released in the US. How did Bitcoin (BTC) and the dollar react? How does personal consumption expenditure affect the BTC price?
11:45
As Bitcoin falls, Grayscale has published a list of the 15 best-performing altcoins that are trading below their true value.
10:34
Over the past 30 days, there has been a net outflow of $6.4 billion from US spot Bitcoin ETFs. This is the largest monthly net outflow recorded to date.
09:31
Cryptocurrency markets are focused on the massive Bitcoin options expiry taking place towards the end of this week.
08:28
Memecore's native token, M, surprised investors with a sharp drop of over 80% in the last 24 hours.
