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Bears pushed Bitcoin down below $20,000 as macroeconomic concerns continued to weigh heavily. Meanwhile, derivatives traders are indicating a pessimistic outlook.
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In this edition of CryptoSlate Wrapped Daily, we discuss the liquidation of $9 million in Bitcoin shorts, restrictions on Singapore retail investors, Chainplay's GameFi report, and much more.
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Exchange Net Position Change charts for Bitcoin and Ethereum reveal differing activity, indicating that investors favor BTC over ETH.
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Elon Musk said over the weekend that he has started intermittent fasting. This comes a few weeks after photos of him lounging shirtless on a yacht near Mykonos went viral, which led to some online trolls.
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A source close to the situation told The Post that Elon Musk will ask for more access to Twitter's internal data at a court hearing this week. This comes after it was reported that a former top Twitter executive accused the company of "lying about bots" to the billionaire Tesla boss.
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Documents filed in a Delaware court on Thursday show that Elon Musk is trying to get out of his deal to buy Twitter. He is asking advertising technology companies for documents to help him learn more about bot and spam accounts on Twitter.
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Elon Musk wants to use the law to force Twitter to give him a group of key employees to question. This could be the billionaire's last and best chance to get out of his $44 billion takeover deal.
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Elon Musk is the first person from outside of China to write for a magazine run by the government agency in China that is in charge of censoring the internet.
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Despite the losses, MicroStrategy stock has outperformed the Nasdaq, Gold, Silver, and even some of the world's largest technology businesses since its Bitcoin adoption.
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Tensions between the United States and China over Taiwan combine with market instability and a local high for Bitcoin.