BTC rebounds after Crash, Stock rout Continues, Rate-cut odds surge
Bitcoin (BTC) rebounded after hitting a four-month low of $76,000, following $1.1 billion in liquidations. The Fear & Greed index has fallen to 14, the lowest since 2022. Ethereum (ETH) has also experienced significant downturns, dropping to 16-month lows, with a focus on the likely liquidation at $1,127. The stablecoin market cap has reached an all-time high as investors are discounting stimulus measures, according to Cathie Wood. Additional news includes Trump signing an executive order to end Operation Checkpoint 2.0, and the SEC signaling potential easing of registration rules for crypto firms. The Senate committee is set to vote on a stablecoin bill, while Mt Gox has moved over $900 million in assets within a week. Coinbase will launch 24/7 perpetual futures in the U.S. and has obtained a license in India. Lastly, Deutsche Börse announced it will start offering custody services for BTC and ETH.
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