This Week in Crypto: Bitcoin Wobbles, AI Tokens Shine (June 16th - June 23rd, 2024)
- Bitcoin had a wild ride this week, reaching new highs before a surprise drop put it back under $64,000. This volatility seems to be linked to a record outflow of funds from Bitcoin ETFs.
But fear not, crypto enthusiasts! Here are some other hot crypto news stories:
- AI Tokens Take Off!
With chipmaker Nvidia soaring, tokens like FET and AGIX tied to Artificial Intelligence are seeing big gains.
First Australian Bitcoin ETF Launches! đŠđș Down under, they're embracing crypto with the first-ever Bitcoin ETF on their main stock exchange.
- Regulations on the Rise!
Governments are taking a closer look at crypto, with stricter regulations coming into effect in Italy and penalties imposed on Binance in India.
- Is the Dogecoin Dream Over?
The meme coin craze might be cooling down, with some traders betting against Dogecoin and a big drop in its value.
Stay tuned! The crypto market is always moving fast, so keep an eye out for the latest updates.