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Over the years, Bitcoin has been the most prominent in discussions of exchange-traded funds due to being the only crypto asset that is large, well-known, and politically acceptable enough to serve as a gateway to mainstream capital in the industry. It did in the early phases of institutional adoption.

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Bitcoin plunges under $80,000 as US stock markets lose $700 billion at the open. Gold and silver see $1.5 trillion wiped in a massive global asset liquidation.

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Shiba Inu (CRYPTO: SHIB) has underperformed Dogecoin (CRYPTO: DOGE) over the past month, with a 3% decline compared to DOGE's 5% gain over the past 30 days. Burn Rate Spikes Shibburn data shows over the past 24 hours the ecosystem reported a spike of 1,034.8% in its burn rate as one single transaction involved the burning of 25.04 million SHIB.

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Strategy is taking steps to pare down convertible debt with an agreement to repurchase $1.5 billion in notes—and again teased Bitcoin sales.