Bitcoin Gains in Volatile Trading Week for Crypto; Meme Coins See Outflows Ahead of Expected Pullback
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Bitcoin rallied, gaining 3% as trading volumes surged. Volumes hit $16B over the past week, the 3rd highest in 60 days.
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Hong Kong relaxed guidance limiting crypto spot sales to pros, allowing more retail access with safeguards. Comes amid interest in spot BTC ETFs.
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Uniswap's first ever coins from 2019 now trade at $3M+ each with just 4.4 in supply. Creator Hayden Adams burned his 99.99% share.
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DOGE saw the biggest 24hr open interest gain of 17% in futures/perpetuals, followed by XRP, SHIB, MATIC and BNB.
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Inflows to meme coins often precede price pullbacks.