RARE BITS

Bitcoin Plunges to $58K as Crypto Market Sheds $80 Billion


Listen Later

Bitcoin's price dropped to $58,000, triggering an $80 billion market cap decline. Confiction Labs unveiled "Proof of Exposure" to fight bots in Web3 gaming, while MetaMask partnered with Mastercard for a crypto debit card. DMarket led NFT sales, and Bitget Wallet hit 30 million users. EigenLayer dominated the restaking sector with $12.9 billion TVL. Eric Trump hinted at a crypto-based real estate lending initiative, and analyst Benjamin Cowen discussed Ethereum's potential market bottom. The crypto industry sought clarity from Kamala Harris, as Toncoin's bullish breakout suggested potential Bitcoin trends. Bitcoin miners' Q2 results varied amid challenging conditions.

HOW CAN SUPPORT?

SUBSCRIBE: ⁠RARE BITS PODCAST⁠   

WATCH: ⁠RAREBITS LIVE YOUTUBE⁠  

READ: RARE BITS SUBSTACK⁠ 

Follow on X:

BEATBROKER

RARE BITS LIVE

GET SOME MERCH

RARE BITS GEAR:⁠RARE BITS MERCH⁠

...more
View all episodesView all episodes
Download on the App Store

RARE BITSBy beatbroker