Global #cryptocurrency market

In recent weeks, the world’s largest cryptocurrency by market capitalization, Bitcoin, has seen a notable downturn, dropping below the $59,000 mark.

Bitcoin (BTC) is trading at $57,500, reflecting a 1.5% drop in the past day and nearly a 10% decrease over the past week. Despite holding a market cap of $1.1 trillion and commanding a 54% market dominance, the largest cryptocurrency is experiencing significant volatility.

In a significant turn of events, Ethereum-based Exchange-Traded Funds (ETFs) have registered their first positive results in 14 days, signaling a potential rebound in the cryptocurrency market.

The cryptocurrency market has witnessed a curious shift in recent days. While Bitcoin (BTC) experienced a slight price decline, the total open interest on exchanges has dropped significantly.

Nasdaq-listed Semler Scientific has significantly increased its Bitcoin holdings, mirroring the strategy adopted by MicroStrategy. The company's latest purchase of 83 BTC brings its total Bitcoin stash to 1,012 BTC, purchased for a total of $68 million.

Ethereum, the second-largest cryptocurrency by market capitalization, has recently experienced a notable pullback in its price, prompting questions about its future performance and attractiveness as an investment.