This Week in Crypto

  • Bitcoin inches toward $28K as traders see $260M in futures liquidations. Bitcoin ($BTC) is continuing to gain momentum amid the banking crisis, showing that investors are recognizing bitcoin as a secure store of value and a stable alternative to traditional finance. The announcement of a $300 billion injection into the economy to save cash-strapped banks has also driven bitcoin’s price up.
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  • Balaji’s betting that bitcoin will hit $1 million in 90 days. Balaji is betting that Bitcoin will hit 1 million in 90 days by June 17th. The bet started on Twitter after user James Medlock said that he's betting 1 million that the US does not enter hyperinflation. Balaji responded. Under the proposed terms, if bitcoin's price does not hit 1 million by June 17th, James Medlock wins $1 million worth of USDC and one bitcoin. Source(14:17)

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