Bitcoin Rises to New All-Time High Above $69,000; What's behind the Shiba Inu price drop on Coinbase? | Video

Bitcoin briefly hit a new all-time high and Shiba Inu briefly fell 50%. You watch Coin Desk every day. I'm your host, Jen Sani Bitcoin briefly rose to a new all-time high of over $69,000 this morning at 10:30 a.m. Eastern Time. Bitcoin was at just under 67,000. Meanwhile, meme coins are coming into the spotlight and their EU prices briefly fell 50% on Coinbase before returning to normal amid a volatile crypto trading session. Dips like this usually occur when a sell order exceeds the available market depth. As of European morning hours, the ship has a market depth of 1.2 million on Coinbase. And despite the morning sell-off, ship prices are up 45% in the last 24 hours. Meanwhile, the broader Coin Desk 20 index was up over 4% as of 10:30 a.m. Eastern Time. Many have attributed Bitcoin's recent rally to growing interest in US-based spot Bitcoin ETF products and today's Bitcoin ETF issuer. Van Eck has big growth goals in Europe. Van Eck. Europe expects that half of its assets under management will come from cryptocurrencies in the future. The CEO said that crypto will become more important and the growth potential will come from this region. Van Eck Europe issued, the Van Neck crypto and blockchain innovator UCITS ETF, which holds Coinbase block microstrategies and others. And another important catalyst to keep an eye on in the coming months is the fact that Bitcoin's digital assets are now saying that Bitcoin miners need to be proactive in maintaining their positions after the now, while traders that Follow an event with the expectation that the price will rise. Miners are constantly planning to avoid bankruptcy. This is the case according to Fidelity Digital Assets. A report found that Bitcoin cuts earned rewards for miners by 50%. Therefore, companies are looking for ways to remain competitive. Analyst Daniel Gray wrote a quote: “Miners not only have to maintain their existing hash rate, energy and real estate, but they are also constantly in competition with the entire network trying to do the same and quote,” he added , that while the industry has driven out weaker miners in the past, it has recovered with more miners and hash rates than ever before. That's a wrap for CoinDesk daily, stay tuned to CoinDesk.com for more updates and see you next time.

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