Bitcoin drops to 121,500 USD amid dollar strength; Binance launches ‘Meme Rush’

BTC has fallen to 121,500 USD, influenced by a strong dollar and sluggish European markets, while Jamie Dimon forecasts an upcoming stock correction. Arthur Hayes notes the irrelevance of traditional Bitcoin halving cycles amid increasing fiat liquidity.

Daily trading volume in Binance’s new Meme Rush platform reflects interest in memecoins, emphasizing active DEX markets. Meanwhile, futures open interest in BTC and ETH dropped, suggesting profit-taking by traders.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts