Bitcoin Price Crashes Below $67,000: Key Reasons

The Bitcoin price has fallen by 4.7% since peaking at $71,231 yesterday, now hovering around $66,967. This decline marks a notable return of volatility in the market, driven by several critical factors. #1 Federal Reserve’s FOMC Meeting Anticipation The Bitcoin market seems to be in a risk-off mode ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting on Wednesday, June 12th. The  market’s sensitivity to macroeconomic indicators is on full display as stakeholders await the US Federal Reserve’s decision on interest rates and its economic projections. Current expectations suggest that…

Metaplanet Discloses $1.6M Bitcoin Purchase, Sending Shares 10% Higher

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Crypto Exchanges Witness $1,570,000,000 in Bitcoin (BTC) Outflows in Just One Week, According to Analyst

Bitcoin (BTC) has been flying off exchanges as the digital asset market tracks sideways, according to a popular crypto analyst. The trader Ali Martinez tells his 63,700 followers on the social media platform X that approximately 22,647 BTC worth more than $1.57 billion were withdrawn from crypto exchanges in a recent seven-day period. Source: Ali Martinez/X Martinez also notes that the number of daily Bitcoin addresses recently broke a downtrend that started on March 5th. “In [24 hours], 765,480 BTC addresses were active. This surge in network activity is a…

Polygon Creates New Grants Program, 1B POL Unlocked Over 10 Years

Those looking to participate in the program can opt into two tracks. The first is what the team calls a “General Grant Track,” which is for builders looking to build anything on Polygon. The second is the “Consumer Crypto Track,” which focuses on projects that drive crypto adoption, including gaming, decentralized social applications, AI and blockchain integrations, and NFT innovations. Source