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Bitcoin News:
- Bitcoin failed to overcome $79,000, but a potential bear trap formed as $1.4 billion in short positions face liquidation at $80,000. Will spot market demand be the trigger?
- Bitcoin accumulation by whales and institutional investors is reducing the available supply of BTC and potentially setting the stage for a rally above $80,000.
- Bitcoin fails to top $80,000 as analysts debate whether BTC has truly changed its trend or remains in the grasp of the bears.
- Bitcoin bulls struggled to maintain gains as the bull market support band became a key reclaim level to flip the BTC price trend.
- Michael Saylor’s Strategy bought 3,273 Bitcoin for $255 million between April 20 and 26, bringing total holdings to 818,334 BTC.
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- The approval of the BILS stablecoin issued by Israeli exchange Bits of Gold came after a two-year pilot program on the Solana blockchain.
- Lawmakers look to push election reform that would block crypto campaign donations, even as Canada expands oversight of stablecoins and digital asset markets.
- Crypto ATM operators and businesses hosting the machines have until July 1 to be in compliance with the new law or risk potential fines and prison time.
- The European Commission made its move in response to Russia's increasing reliance on crypto transactions to circumvent sanctions amid the country's war on Ukraine.
- The CFTC has filed suit to block New York from enforcing gambling laws on prediction platforms, arguing federal regulators have sole authority over event-based contracts.
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