OVERVIEW

Surpassed And Smashed: Last Week’s Losses Are Old News

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

Most bullish/bearish symbols on Stocktwits at the close: 📈 $POL, $LINK, $RUNE, $DOGE, $PEPE, 📉 $AAVE, $INJ, $TRX, $INJ, and $FET

*If you’re a business and want to access this data via our API, email us.

News In Three Sentences
Crypto News 🪙

💸 MicroStrategy Keeps Stacking Bitcoin 

MicroStrategy ($MSTR) continues its Bitcoin shopping spree, accumulating another $1+ billion worth of $BTC today. The company’s strategy of borrowing fiat at low rates to buy Bitcoin has yielded a 17% return year-to-date. Michael Saylor’s plan? Keep stacking sats and laugh in the face of inflation. Bitcoin Magazine.

📈 Trump or Harris: Bitcoin's Going Up Either Way 

Standard Chartered thinks Bitcoin could hit $125,000 if Trump wins the 2024 election—but even if Harris wins, it’s still set for $75,000. According to the bank’s analysts, Bitcoin will break all-time highs no matter who ends up in the White House. So, basically, BTC holders can just sit back and watch the political chaos unfold while their portfolios skyrocket. CryptoNews.

🏛️ UK Court Grants Property Rights to USDT 

In a landmark ruling, the English High Court recognized the Tether stablecoin (USDT) as a legal asset under English law. This case sets the stage for treating cryptocurrencies like personal property, offering protections for victims of crypto scams. The decision is part of the UK's broader push to legitimize digital assets. Atlas21.

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