Bitcoin slips further as Ethereum holds

Also, no, 50 Cent is not launching a Solana meme coin.

June 22, 2024

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📝 What you need to know

After dipping as low as $63,554 overnight Friday, the price of Bitcoin is just above $64,000 today. After an up-and-down week, that’s down 2.8% over the past 7 days and 7.5% over two weeks. Ethereum has held up relatively better.

BitMex co-founder Arthur Hayes, however, says he’s shifting back to “crypto risk,” explaining how failing Japanese banks will require U.S. “stealth money printing”—which will be good for assets like Bitcoin.

This Week In Coins: Ethereum Stays Afloat as Crypto Market Sinks

While ETF buzz kept ETH steady, Bitcoin is down for a second week, and DOGE, SHIB, and WIF fell even further.

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Get rich and lie tryin'.

Bitcoin Will Soar Thanks to Failing Japanese Banks, Says Arthur Hayes

Freshly printed U.S. dollars will be needed, so lean into crypto and “buy the fucking dip,” he urges.

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💬 Quote of the Day

“Buy the fucking dip.”

— Arthur Hayes, BitMex

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