Welcome to the Bitcoin Street Journal Market
Update podcast, the show where we explore a variety
of topics that inform and entertain. From interviews
with interesting guests to solo discussions of
the latest news and trends, this podcast is sure
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date on all of our new episodes. In today's episode,
we'll cover daily updates on the Bitcoin market,
including technical analysis, BTC price, market
capitalization, supply and breaking news, as
well as recent industry developments, including
PayPal's investment in Magic, a fall in Bitcoin
price, Coinbase's launch of futures contracts,
and continued crypto outflows. Hey there, and
welcome to the Bitcoin Street Journal Market
Update, your go -to source for daily live Bitcoin
market updates. We're here to keep you up to
speed with the latest in the world of cryptocurrency.
Today, we're excited to bring you the current
live Bitcoin technical analysis, Bitcoin, BTC,
price, market capitalization and market supply.
Our team has been monitoring the Bitcoin market
closely, and we're here to share our insights
with you. But first, let's turn our attention
to the daily diary of the Bitcoin dream. This
source is your one -stop shop for all things
Bitcoin, including breaking Bitcoin news, Bitcoin
business updates, Bitcoin financial and economic
news, and Bitcoin world news and video. So make
sure to check them out for even more great content.
Now back to our own market update. We know you're
eager for the latest BTC price and we're happy
to report that it's holding steady. Our technical
analysis suggests that the market is showing
signs of stability, which is always a good sign
for investors. And as for the market capitalization
and supply, we've got all the latest figures
for you. That's it for today's Bitcoin Street
Journal market update. We'll be back with more
live Bitcoin market updates soon, so stay tuned.
Thanks for joining us. The DAP industry grew
by 10 % in May. However, Bitcoin is experiencing
a tough time as its price tumbles below $27 ,000
while the sandbox, Sand, is soaring 6 % daily.
BTC and ETH are also descending to historically
low levels, at 0 .016 and 0 .019 respectively.
The US Commodities Agency might change risk rules
to consider crypto, which is an interesting development.
Coinbase is also planning to launch institutional
-sized Bitcoin and Ether futures contracts next
week, which could be great news for investors.
The current NUPL value of 0 .29 indicates that
we're at the lower bound of the equilibrium phase,
which is a zone where 37 .5 % of all Bitcoin
trading days have been. This zone was reached
in early March 2023 and persisted for about 16
months in the last two cycles. Crypto lender
Celsius's $800 million Ether staking shakeup
has stretched the Ethereum validator queue to
44 days. Meanwhile, Elon Musk has been sued for
insider trading with Dogecoin using publicity
stunts. In other news, the Met Museum in New
York has agreed to return $550 ,000 in FTX donations.
Sadly, it's not all good news in the world of
digital assets. Investment products have seen
outflows totaling $62 million. marking the seventh
consecutive week of outflows that now add up
to $329 million. On the bright side, chat GPT
-AI predicts that artificial intelligence will
drastically change our lives by 2030 in seven
different ways. That's all for now. Thanks for
listening and stay tuned for more updates. Thanks
for tuning in to today's episode where we cover
daily updates on the Bitcoin market and technical
analysis, as well as big news like PayPal's $52M
investment in magic, the fall of Bitcoin prices,
Coinbase launching new futures contracts, and
continued outflows from the crypto market. Until
next time, don't forget to subscribe to stay
up to date on all the latest developments.