Bitcoin prices fell over 4% and traded around the $20,112
level. For Bitcoin, $20,000 is the key psychological level. If it is breached
substantially, the bear grip in the crypto market is expected to tighten and
crypto winter may deepen further.

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Crypto investors continued to shift to safer options as
global funds witnessed net outflows totaling $423 million in the week ended
June 24, the largest on record, according to a report by Coinshares. The
previous record for outflows stood at $198 million earlier in January this
year. The recent outflows were solely focused on Bitcoin, which
saw net selling for the week totaling $453 million. Meanwhile, Ethereum saw net
inflows amounting to $11 million, the first for the crypto asset after 11
consecutive weeks of outflows.

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Cryptocurrencies have suffered this year amid Federal
Reserve interest rate hikes and stubbornly high inflation. After crypto’s last
two-year hibernation ended in 2020, the industry spiked to around $3 trillion
in total assets last November, before falling to less than $1 trillion.
Cryptocurrencies had been moving for months in the same direction as stocks as
investors’ appetite for risk assets reduced on growing fears about an economic
slowdown.

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The global cryptocurrency market cap was at $901.96
billion, down 4.84% in the last 24 hours. However, the total cryptocurrency 24
hours trading volume is $61.26 billion.

Bitcoin fear and greed index on Wednesday, June 29, 2022,
went from the extreme fear level of 10 to the level of 13 as per the
alternative. me. The Fear and Greed index is a technique for assessing
investors’ emotions toward the market.  

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Bitcoin is currently trading at $20,069.03, down by 4.72%.
In the last 24 hours, the highest it touched was $21,089.58 and the lowest was
$19,965.69. Bitcoin has a current market cap of $382,920,483,122. It has a
circulating supply of 19,080,106.00. BTC coins have a maximum supply of
21,000,000 coins.

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Data provider Kairo raises $53 million amid crypto winter

Crypto data provider Kaiko on June 28 said it has raised
$53 million in a Series B funding round, to further consolidate its position
globally and strengthen institutional data products and infrastructure. The
funding round was led by tech-focussed London-based fund Eight Roads, including
participation from Revaia, another tech fund, based in Paris, and existing
investors Alven, Point9, Anthemis, and Underscore. Founded in 2014, Kaiko
provides institutional investors with market data, portfolio solutions, rates
and indices, pricing services, DeFi data, and research.

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MoonPay’s HyperMint and Alec Monopoly collaborate to launch
NFTs

NFT platform HyperMint and NFT art curator NFTGrails on
June 28 announced a collaboration to launch Rags to Richie, New York-based
street artist Alec Monopoly’s NFT collection. The Rags to Richie collection
offers the utility with a street-art, play-to-earn NFT game, a Metaverse club
and Digital Art Gallery, in-person exclusive events, and over $1 million in
giveaways and prizes to holders as part of its initial plans.