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via Bitcoin Magazine · By Bitcoin Magazine Editorial

Bitcoin's New Debt Machine Is Facing Its First Major Test

BTC

BTC/USDT

$63,274.59
+1.75%
24h Volume

$15,264,504,903.32

24h H/L

$63,500.00 / $61,705.29

Change: $1,794.71 (2.91%)

Long/Short
61.1%
Long: 61.1%Short: 38.9%
Funding Rate

+0.0052%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$63,253.36

1.55%

Volume (24h): -

Resistance Levels
Resistance 3$67,369.22
Resistance 2$65,685.58
Resistance 1$63,823.43
Price$63,253.36
Support 1$63,160.85
Support 2$61,892.45
Support 3$60,655.87
Pivot (PP):$62,819.55
Trend:Downtrend
RSI (14):50.2
BM
Bitcoin Magazine Editorial
(05:47 PM UTC)
1 min read
JM
Updated byJames Mitchell
1036 views
0 comments

Public companies kept stacking Bitcoin in June, but the month’s real story played out in a corner of the market that did not exist a couple of years ago: the preferred shares that treasury firms now use to fund their coin purchases. 

A new report from BitcoinTreasuries.net calls June the first true stress test for this “digital credit” market, and the results offer a mixed but telling…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Bitcoin Magazine Editorial · Bitcoin Magazine

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