שליסל אינפֿאָרמאַציע:
After a series of heavy weekly losses, it was a mixed week for bitcoin (BTC) and the broader crypto market.
Regulatory chatter and market angst over Fed monetary policy pegged the markets back from a broad-based upswing.
Crypto news also pressured the market in the week, with updates on scams and the impact of the crypto winter on exchanges sending a gloomy message.
Crypto market conditions improved at the turn of the month, as the dust began to settle from the collapse of TerraUSD (SET) און טערראַ LUNA.
Conditions improved despite lawmakers and regulators calling for greater oversight to protect retail investors.
News updates on מאָאָן 2.0 failed to impress for a second consecutive week. While recovering from a launch day tumble to a low of $4.14, LUNA 2.0 was still down 48.8% to $5.47.
Launched on Saturday, LUNA 2.0 hit a high of $11.48 before hitting reverse.
Bitcoin (BTC) at Risk of a Record Tenth Consecutive Weekly Loss
A bullish start to the week saw bitcoin reverse the previous week’s loss, with a 7.69% rally seeing bitcoin revisit $32,000.
A bearish Wednesday and investor reaction to US nonfarm payroll numbers on Friday sent bitcoin back to sub-$30,000.
At the time of writing, bitcoin was 0.94% to $29,754 for the week ending June 5. Bitcoin will need to avoid sub-$29,500 to end a nine-week losing streak.
Monday through Friday, bitcoin was up 0.77% compared with the NASDAQ 100, which fell by 0.98%. Bitcoin’s Monday breakout came on a US public holiday, which shielded bitcoin from a closer correlation to the NASDAQ.
The Crypto Bears Loosened the Grip in a Mixed Week for the Top Ten
In the week ending June 5, SOL is heading for a 12.7% slide to lead the way down,
BNB (-קסנומקס%), DOGE (-1.55%), און עטה (-0.89%) were also heading for weekly losses.
Joining bitcoin in positive territory for the week include אַדאַ אַרויף צו 16.8% און XRP (+ קסנומקס%).
The total crypto market cap rose to a Monday high of $1,326 billion before sliding to a Friday low of $1,185 billion. A hold onto $1,210 billion would leave the total market cap flat for the week.
Avoiding another weekly loss would end a run of eight consecutive weekly declines that started in the week commencing April 4.
Crypto News Highlights of the Week
The SEC claims of attorney-client privilege for the Hinman speech-related documents are to be דיסקוטירן at a scheduled June 7 conference.
NY Fed President John Williams גערופן it critical for central banks to understand the crypto impact on monetary policy.
The US DoJ באפוילן an ex-OpenSea employee with insider trading of NFTs.
Goldman Sachs ‘גילוי that major insurance companies are slowly warming to crypto investments.’
קאָינבאַסע מודיע an extension to its hiring freeze and plans to rescind accepted job offers to navigate the current macroeconomic environment.
US CFTC סוד crypto exchange Gemini for making false and misleading statements in 2017.
New York Senate דורכגעגאנגען a bill to ban the establishment of new carbon-based fuel-powered proof-of-work mining projects.
יאַפּאַן באַקענענ a legal framework for stablecoins linked to the Yen.
קריפּטאָ וועקסל געמיני מודיע plans to cut the workforce by 10%.
ביטקאָין מיינינג רעוועך סלאַמפּט amidst White House scrutiny.
The US Federal Trade Commission געמאלדן consumers losing more than $1 billion in crypto scams since 2021.
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Source: https://finance.yahoo.com/news/crypto-weekly-review-june-5-081425534.html