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&nbsp;after Bitcoin surged to $74,000 on Wednesday, it fell about 3.4% to around $68,000 on Saturday, continuing the recent weekend sell-off pattern within a narrow trading range.

[Glassnode: Approximately 43% of Bitcoin supply is operating at a loss; the US dollar recorded its biggest weekly gain in a year.]&nbsp;after Bitcoin surged to $74,000 on Wednesday, it fell about 3.4% to around $68,000 on Saturday, continuing the recent weekend sell-off pattern within a narrow trading range.

Glassnode: Approximately 43% of Bitcoin supply is operating at a loss; the US dollar recorded its biggest weekly gain in a year.

&nbsp;according to Reuters, U.S. Democratic Senator Mark Kelly proposed on Friday local time to suspend the federal gasoline tax of 18.4 cents per gallon until October 1st, to help Americans facing rising oil prices due to the U.S.-Iran conflict. According to data from AAA, a U.S. travel organization tracking fuel prices, nationwide gasoline prices increased by 35 cents in the past week, reaching an average of $3.32 per gallon. Political analysts say the continued rise in gasoline prices may be unfavorable to Trump's Republican colleagues in the November midterm elections, as they strive to maintain the majority in Congress. Kelly plans to submit this bill to the Senate next week. Once passed, the U.S. Treasury will be responsible for overseeing the implementation of the tax suspension, ensuring that the saved tax fees are truly used to reduce gasoline prices, benefiting consumers.

[U.S. Senator Kelly proposed suspending the federal gasoline tax until October 1st.]&nbsp;according to Reuters, U.S. Democratic Senator Mark Kelly proposed on Friday local time to suspend the federal gasoline tax of 18.4 cents per gallon until October 1st, to help Americans facing rising oil prices due to the U.S.-Iran conflict. According to data from AAA, a U.S. travel organization tracking fuel prices, nationwide gasoline prices increased by 35 cents in the past week, reaching an average of $3.32 per gallon. Political analysts say the continued rise in gasoline prices may be unfavorable to Trump's Republican colleagues in the November midterm elections, as they strive to maintain the majority in Congress. Kelly plans to submit this bill to the Senate next week. Once passed, the U.S. Treasury will be responsible for overseeing the implementation of the tax suspension, ensuring that the saved tax fees are truly used to reduce gasoline prices, benefiting consumers.

U.S. Senator Kelly proposed suspending the federal gasoline tax until October 1st.

Bitcoin Fear and Greed Index is 12. Extreme Fear.
Current Price: $68011.43.

[Bitcoin Fear and Greed Index is 12]Bitcoin Fear and Greed Index is 12. Extreme Fear.
Current Price: $68011.43.

Bitcoin Fear and Greed Index is 12

&nbsp;according to monitoring data from Farside Investors, the US spot Bitcoin ETF had a net outflow of $348.9 million yesterday.

[The US spot Bitcoin ETF saw a net outflow of $348.9 million yesterday.]&nbsp;according to monitoring data from Farside Investors, the US spot Bitcoin ETF had a net outflow of $348.9 million yesterday.

The US spot Bitcoin ETF saw a net outflow of $348.9 million yesterday.

according to data monitored by Farside Investors, the US spot Ethereum ETF had a net outflow of $82.9 million yesterday.

[The US spot Ethereum ETF saw a net outflow of $82.9 million yesterday.]according to data monitored by Farside Investors, the US spot Ethereum ETF had a net outflow of $82.9 million yesterday.

The US spot Ethereum ETF saw a net outflow of $82.9 million yesterday.

&nbsp;according to Onchain Lens monitoring, a wallet associated with Rune Christensen deposited 4 million USD Coin (USDC) into #HyperLiquid and opened the following long positions on Trade.xyz:

[Rune Christensen's linked wallet deposited 4 million USDC into HyperLiquid, using 20x leverage to go long on $CL.]&nbsp;according to Onchain Lens monitoring, a wallet associated with Rune Christensen deposited 4 million USD Coin (USDC) into #HyperLiquid and opened the following long positions on Trade.xyz:

Rune Christensen's linked wallet deposited 4 million USDC into HyperLiquid, using 20x leverage to go long on $CL.

&nbsp;a crypto industry executive rebutted the statement made by the chairman of the Community Bankers Association. The latter believes that any compromise between the banking industry and the crypto industry on the U.S. CLARITY Act would be a mistake.

[Crypto executive: Community banks and the crypto industry are allies in the Clarity Act controversy.]&nbsp;a crypto industry executive rebutted the statement made by the chairman of the Community Bankers Association. The latter believes that any compromise between the banking industry and the crypto industry on the U.S. CLARITY Act would be a mistake.

Crypto executive: Community banks and the crypto industry are allies in the Clarity Act controversy.

up Surges 15.81% in 24H, Currently at 0.044999 USDT

【up currently trades at 0.044999 USDT, up 15.81% in 24h, according to HTX market data.】up Surges 15.81% in 24H, Currently at 0.044999 USDT

up currently trades at 0.044999 USDT, up 15.81% in 24h, according to HTX market data.

People's Bank of China: China's foreign exchange reserves at the end of February were 3,427.807 billion USD, an increase of 28.729 billion USD month-on-month.&nbsp;

[The People's Bank of China reported that China's foreign exchange reserves stood at $3,427.807 billion at the end of February, an increase of $28.729 billion month-on-month.]People's Bank of China: China's foreign exchange reserves at the end of February were 3,427.807 billion USD, an increase of 28.729 billion USD month-on-month.&nbsp;

The People's Bank of China reported that China's foreign exchange reserves stood at $3,427.807 billion at the end of February, an increase of $28.729 billion month-on-month.

June 19 (Huobi) - Bitcoin's liquidity is declining, with the Highly Liquid Supply indicator near a cycle low of 2.94 million BTC, a decrease of 620,000 BTC since January 2022. This suggests a significant contraction in the actively tradeable supply, resulting in a decline in liquidity and constrained supply.

[Bitcoin Liquidity Declines as Highly Liquid Supply Indicator Hits Cycle Low]June 19 (Huobi) - Bitcoin's liquidity is declining, with the Highly Liquid Supply indicator near a cycle low of 2.94 million BTC, a decrease of 620,000 BTC since January 2022. This suggests a significant contraction in the actively tradeable supply, resulting in a decline in liquidity and constrained supply.

Bitcoin Liquidity Declines as Highly Liquid Supply Indicator Hits Cycle Low

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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