Crypto Brother
06/14 19:48
Bitcoin slipped under $102,000 briefly on Frida
- Bitcoin slipped under $102,000 briefly on Friday, derivatives market records over $300 million in long liquidations.
- On-chain data shows Bitcoin traders took over $23 billion in profits this week, signaling a rise in selling pressure.
- JPMorgan insiders say the bank is set to accept BTC ETFs as collateral for loans.
- Bullish catalysts, such as Strategy’s announcement of the STRD stock IPO to raise nearly $100 million to buy BTC, fail to push BTC higher.
(BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday. The spat between the two likely influenced the decline in crypto market cap, down 4% in the past 24 hours.
Bitcoin traders have turned fearful today, from neutral on Thursday. The crypto Fear and Greed Index reads 45 on Friday, while on Thursday and last week the values ranged between 57 and 60, implying a neutral sentiment among market participants.
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