Bitcoin's June correction is now being accompanied by a sharp rise in whale deposits to Binance, according to CryptoQuant analyst Darkfost, reviving a pattern last seen during the market's February stress event. The data suggests that large holders are moving more BTC back onto the exchange as the selloff deepens, potentially adding near-term supply pressure.
Cardano accumulates a 33% drop over the last week and trades at $0.1582, with a daily volume of $1.1 billion, according to CoinMarketCap data. Charles Hoskinson clarified through a live stream that he will not abandon the project, but is stepping back from social media and public activities.
ARMA's structured oversight and long-term Bitcoin custody could stabilize market dynamics and enhance federal digital asset governance. BPI's Ken Egan outlines ARMA's role in Treasury Bitcoin custody and reporting.
Bitcoin's dip highlights the impact of strong US economic data on cryptocurrency markets, emphasizing the dollar's dominance over riskier assets. Bitcoin briefly falls below $60K for the first time since October 2024.