Bitcoin slips to $64,000 📉

Bitcoin tumbled to lows under $63,000 Thursday, as the crypto market cooled.

Author

Stephen Graves
April 25, 2024

Welcome to the Daily Dispatch from Decrypt. This is Stephen bringing you your daily news dose. Catch the latest from across our Hubs here!

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📝 What you need to know

Bitcoin slipped to lows of under $63,000 today, as the crypto market cooled. Gaming tokens were hit hard, with the likes of IMX and PRIME taking double-digit batterings.

But it wasn’t all bad news, as three auctions recalled bull market froth. The “Buy Bitcoin” sign brandished at a 2017 Congressional hearing sold for $1 million, while the first satoshi mined after the halving netted $2.1 million, and a rare Alien CryptoPunk sold for over $12 million—in one of the biggest-ever NFT sales.

Top Stories

Bitcoin Price Slips Below $64,000 as $209 Million in Crypto Longs Liquidated

The market slump saw over $209 million in crypto long positions liquidated, with over $52 million in Bitcoin longs liquidated.

Ethereum Gaming Tokens Battered as Bitcoin Price Sinks to $63,000

Some of the biggest Ethereum tokens tied to gaming projects, such as Immutable and Parallel, have plunged over the past 24 hours.

‘Buy Bitcoin’ Notepad Held Behind Janet Yellen Sells for $1M

The iconic sign was held before cameras during a televised House Financial Services Committee hearing in 2017.

Bitcoin 'Epic Sat' From the Halving Sells for $2.1 Million

The first satoshi mined on Bitcoin after the halving, one of just four "epic sats" to date, fetched 33.3 BTC at auction. Here's why.

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💬 Quote of the Day

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$2 billion in transactions with an unlicensed money transmitter means $2 billion flowed without any oversight, from whomever to wherever.

– Thomas Fattorusso, IRS-CI Special Agent in Charge of the Samourai Wallet investigation

🌐 From Our Hubs

🎮 GG: Cardano Founder Charles Hoskinson's Studio Releases First Game—But It's on GalaChain

RFLXT, the Charles Hoskinson-backed firm, is releasing Voyager: Ascension via Gala today—but has Cardano gaming in its sights, too.

🤖 EMERGE: This Ultra Light AI Model Fits on Your Phone and Can Beat ChatGPT

Microsoft's latest “small language model” is well-suited to specific needs, offering cost-effective performance in a compact package.

🎭 SCENE: CryptoPunk Sells for $12.4 Million in Ethereum—One of the Biggest NFT Sales Ever

The CryptoPunks NFT was the third ultra-rare Alien Punk to sell for over $10 million worth of Ethereum in the last two months alone.

📚 Dive Deeper

🎓LEARN: What Is Xai? The Rising Ethereum Layer-3 Gaming Network on Arbitrum

Xai is an Arbitrum-based layer-3 gaming network for Ethereum, powered by the XAI token after a sizable airdrop. Here's what you need to know.

🎓LEARN: How to Get Started With Bitcoin Runes: A Guide to Etching, Minting and Trading

Bitcoin Runes tokens are taking over the network, but they can be tricky to handle. Here's a guide on how to get started with Runes.

📹 WATCH: Interview: How 'Notcoin' Will Evolve After the NOT Token Launch - Decrypt

Open Builders founder Sasha Plotvinov speaks with Decrypt's Sander Lutz at Token 2049 Dubai about how he envisions Notcoin's expansion and evolution after the token drop—into something akin to the "Netflix of social, viral games."