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Bitcoin climbs back above $63,500 as market volatility causes spike in liquidations
Bitcoin climbs back above $63,500 as market volatility causes spike in liquidations

The bitcoin price has climbed back above the $63,500 mark.Market volatility over the past day has resulted in the liquidation of over $150 million leveraged bitcoin positions.

The Block·2024/03/20 12:49
Grayscale Ethereum Trust discount drops to -20% as hope dwindles for spot ETF in May
Grayscale Ethereum Trust discount drops to -20% as hope dwindles for spot ETF in May

The Grayscale Ethereum Trust discount has slid to its lowest level since November 2023.This comes as pundits become more doubtful that a spot Ethereum ETF will find approval by May.

The Block·2024/03/20 12:31
Starknet's 2024 roadmap includes parallel transaction execution coming in Q2
Starknet's 2024 roadmap includes parallel transaction execution coming in Q2

Ethereum Layer 2 Starknet’s 2024 roadmap will see parallel execution introduced in Q2. Cairo Native integration and data availability compression are also among Starknet’s potential updates this year.

The Block·2024/03/20 12:04
Bitcoin (BTC) Price Plunged Below $61K but Market Recovery Signs Appear (Market Watch)
Bitcoin (BTC) Price Plunged Below $61K but Market Recovery Signs Appear (Market Watch)

Several altcoins are actually in the green on a daily scale after the recent massacre.

Cryptopotato·2024/03/20 10:28
Who is going to build the infrastructure to unite Ethereum rollups?
Who is going to build the infrastructure to unite Ethereum rollups?

The Dencun hard fork has drastically reduced costs for Ethereum layer-2s, but the ecosystem needs more infrastructure to unify rollups, says Anurag Arjun.

Cointelegraph·2024/03/20 09:45
Flash
10:19
Polymarket predicts a 36% probability on the event "Bitcoin drops to $55,000 in June."
BlockBeats News, June 10th, as Bitcoin briefly dropped below $61,000, the prediction on Polymarket for "Bitcoin dropping to $55,000 in June" had a 36% probability (4% on June 2nd). Furthermore, the probability of dropping to $50,000 was 16%, and the probability of rising to $65,000 was 57%.
10:00
"ETH Long" Buddy Faces Partial Liquidation Again, Cumulative Loss Reaches Nearly $35 Million
BlockBeats News, June 10th, according to Onchain Lens monitoring, as the market declined, "Big Brother Whale" Huang Li Cheng's 25x ETH long position was partially liquidated again. He also closed most of his position, and is currently facing a loss of approximately $35 million.
09:55
Tonight, ahead of the CPI data release, the probability of a Fed interest rate hike this year is 68.8%.
BlockBeats News, June 10th, according to CME's "FedWatch" data, the probability of a Fed rate hike within the year is 68.8% tonight before the announcement of the May CPI data in the United States. The probabilities are as follows: 43.1% for a cumulative 25 basis point hike, 21.2% for a cumulative 50 basis point hike, 4.2% for a cumulative 75 basis point hike, and 0.3% for a cumulative 100 basis point hike. The U.S. Bureau of Labor Statistics will announce the May CPI data tonight at 20:30. The market generally expects the May CPI to rise by 0.5% month-over-month, with a year-over-year growth rate of 4.2%. If this expectation is met, it will be the first time the U.S. CPI has returned to above 4% since May 2023, reaching the highest level since April 2023. As for the core CPI, the market expects a 0.3% month-over-month increase in May, with a year-over-year growth rate of 2.9%.
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