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Bitcoin Options Volume Soars to Three-Month High, $10.8 Billion Worth of Open-Interest Contracts

June 23 (Cointime) - The volume of Bitcoin options reached a three-month high on June 21, with 67,000 Bitcoin involved in contracts. Analyst Alessio Urban attributes the recent surge in Bitcoin to $30,000 to a significant increase in the $30,000 strike price. The total worth of open-interest contracts was $10.8 billion, indicating strong market performance.

US Presidential Candidate Robert F. Kennedy Jr. Supports Bitcoin and Self-Sovereignty, Opposes CBDCs

June 23 (Cointime) - US presidential candidate Robert F. Kennedy Jr. has expressed his support for bitcoin and self-sovereignty policies. He plans to introduce policies that allow individuals to manage their own bitcoin wallets, nodes, and passwords, and endorse a light-touch regulatory environment with minimal controls to prevent money laundering.

Crypto Analyst Predicts Huge Breakout for Ethereum-Based Altcoin The Graph ( $GRT )

June 23 (Cointime) - A popular crypto trader named Bluntz predicts that The Graph (GRT), an Ethereum-based altcoin, is poised for a significant breakout, with potential for a 150% increase from its current value. Bluntz cites the completion of an Elliot Wave Theory three-wave correction pattern and a breakout from an ascending triangle as indicators of GRT's potential success.

Crypto Startup Pillow To Discontinue Services Due to Regulatory Uncertainty

June 23 (Cointime) - Singapore-based crypto startup Pillow has announced that it will be discontinuing all its services in the coming weeks due to regulatory uncertainty. The company allowed customers to invest in Bitcoin, stablecoins, and altcoins, promising returns of up to 18%. Pillow had raised a total of $21 million and counted Accel India, Quona Capital, Elevation Capital, and Jump Crypto among its backers.

Analyst Counters "Black Swan" Author's Claim of Bitcoin Concentration Among Big Players

June 23 (Cointime) - Nassim Nicholas Taleb, the author of "Black Swan," has caused controversy in the Bitcoin community by claiming that the cryptocurrency is flawed due to being in the hands of big players. He argues that central banking systems like the Federal Reserve are superior due to transparency and the influence potential of the USD system.

Bitcoin Faces Critical Hurdle at $30,800 as Fed Chair Powell Indicates Further Interest Rate Hikes

June 23 (Cointime) - Bitcoin's price is currently stable around $30,000, but it faces a critical resistance level at $30,800. Economic events like Unemployment Claims data, Existing Home Sales figures, and Federal Reserve Chair Powell's testimony could impact Bitcoin's trajectory.

Bitcoin Enters Bull Market Cycle as Price Surpasses $30,000, According to Leading Analyst

June 23 (Cointime) - According to Ki Young Ju, a leading cryptocurrency analyst, Bitcoin has entered a bull market cycle after surpassing $30,000. Ju used the Bitcoin price-earnings ratio (PER), based on miner revenue, to determine an attractive price point for miners to sell and indicate a bullish phase.

JPMorgan: Only Bitcoin Miners with Low Electricity Costs and Sustainable Energy Mix Will Survive

June 23 (Cointime) - According to a report by JPMorgan, Bitcoin miners who have low electricity costs and a sustainable energy mix are the only ones likely to survive in an increasingly competitive environment. The cost of electricity is the main expense in mining, and miners have been seeking cheaper and more sustainable energy sources to protect their profitability.

Michael Saylor Doubles Down on Positive Future for Bitcoin

June 23 (Cointime) - Michael Saylor, the founder of MicroStrategy and a vocal supporter of Bitcoin, believes that the future is Bitcoin-centric. He cites the unprecedented endorsement of four US presidential candidates and the recent support of large money managers like BlackRock, Fidelity, and Charles Schwab as evidence that Bitcoin is the clear winning asset.

Matrixport's Bitcoin Greed & Fear Index Hits 90%+, Suggesting a Bullish Pause

June 23 (Cointime) - Matrixport's Bitcoin Greed & Fear Index (GFI) has surged from under 10% to over 90% in just one week, indicating excessive optimism and greed in the market. Historically, an above 90% reading on the GFI has coincided with interim market tops for Bitcoin.