Uncle Bê swept down to $80K4 last night, and the whole market burned down to $1.2B in 24h
Last night, Uncle Bê kept everyone up again by sweeping down to $80K4, and this morning it has already rebounded to nearly $82K. The whole market burned down to $1.2B in 24h, with the Long side accounting for 89%.
As of now, BTC has had 4 consecutive red daily candles. A series of hot altcoins have cooled off after the strong rally:
• $NEAR -16%
• $ZEC and $ZRO -12%, $UNI -10%
• $ADA, $ARB and $SUI all -9%
U.S. stocks continued to fall, with the Nasdaq losing more than 1% as AI names were heavily sold off because OpenAI’s annualized revenue disappointed at only $50B, below the previously reported $68B.
Gold has remained on the sidelines since the beginning of the month, holding in the $4K1 range.
On the war front, oil fell 2% after Trump flipped again and said the U.S. would not attack Iran before the midterm elections, while the two sides are having positive discussions.
Last night, Uncle Bê kept everyone up again by sweeping down to $80K4, and this morning it has already rebounded to nearly $82K. The whole market burned down to $1.2B in 24h, with the Long side accounting for 89%.
As of now, BTC has had 4 consecutive red daily candles. A series of hot altcoins have cooled off after the strong rally:
• $NEAR -16%
• $ZEC and $ZRO -12%, $UNI -10%
• $ADA, $ARB and $SUI all -9%
U.S. stocks continued to fall, with the Nasdaq losing more than 1% as AI names were heavily sold off because OpenAI’s annualized revenue disappointed at only $50B, below the previously reported $68B.
Gold has remained on the sidelines since the beginning of the month, holding in the $4K1 range.
On the war front, oil fell 2% after Trump flipped again and said the U.S. would not attack Iran before the midterm elections, while the two sides are having positive discussions.