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Bitcoin price risks 1-week lows as US GDP sparks 'stagflation' woes
Bitcoin price risks 1-week lows as US GDP sparks 'stagflation' woes

Bitcoin traders remain unfazed while BTC price action follows stocks downward on the back of surprise U.S. macro data.

Cointelegraph·2024/04/25 14:04
Ether spot ETF approval seen as increasingly doubtful by industry professionals: Reuters
Ether spot ETF approval seen as increasingly doubtful by industry professionals: Reuters

Industry professionals are increasingly doubtful about the chances of approval for ether spot ETFs by the SEC in May, according to Reuters.The price of ether has fallen by over 5.5% in the past 24 hours, according to The Block’s Price Page.

The Block·2024/04/25 12:10
Bitcoin mining difficulty rises for first time immediately after a halving amid Runes fee frenzy
Bitcoin mining difficulty rises for first time immediately after a halving amid Runes fee frenzy

Bitcoin mining difficulty rose 2% to reach a record 88.1 trillion on Wednesday in the first adjustment after last week’s halving event. It is the first time Bitcoin mining difficulty has increased immediately following a halving amid increased transaction fee rewards related to the hype surrounding Runes.

The Block·2024/04/25 10:55
Bitcoin long liquidations hit almost $40 million as price plunges below $65,000
Bitcoin long liquidations hit almost $40 million as price plunges below $65,000

Bitcoin long liquidations spiked to almost $40 million in the past 24 hours as the price dropped to a low not seen since the lead-up to last weekend’s halving event.

The Block·2024/04/25 10:04
Flash
18:34
WTI July crude oil futures closed at $74.82 per barrel
NYMEX July natural gas futures settled at $3.2530 per million British thermal units. NYMEX July gasoline futures settled at $2.9870 per gallon, and NYMEX July heating oil futures settled at $3.0931 per gallon.
18:10
Iran exported 30 million barrels of crude oil one week before the US sanctions waiver.
Golden Ten Data reported on June 23 that as the United States lifted sanctions on related goods and allowed more countries to purchase, Iranian crude oil has once again poured into the global market in large quantities. Over the past week, more than 30 million barrels of crude oil were shipped to Asia, including both previously blocked oil by the US and crude exported from Kharg Island, Iran’s largest export facility in the northern Persian Gulf. In the long term, this surge in exports is mainly due to the clearance and release of previously blocked goods, so Iran’s export pace may decline again afterwards. The current transport level of about 2 million barrels per day is already relatively high for Iran in recent years. However, this short-term spike could still benefit Tehran, as the expansion of sanctions exemptions has increased the pool of potential buyers, enabling it to boost sales with smaller price discounts.
18:08
CryptoQuant analyst says Bitcoin futures leverage has been significantly reset after the June correction
CryptoQuant analysts pointed out that after the market correction in June, Bitcoin futures leverage was significantly reset, and open interest declined faster than the BTC price.
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