In crypto news today (June 24), Bitcoin is struggling to reclaim $63,000, and this weakness has sparked fears that a drop to $60,000 is coming next. Although BTC/USD is stuck in a tight range, Michael Saylor’s Strategy has begun buying Bitcoin again.
Liquidations have cooled off from yesterday, with just $346M picked up, down from over $ 575M. Of that $346M figure, $278M was liquidations of long positions.
While BTC and ETH are down -0.5% and -1% in the past 24-hours, respectively, SUI and AVAX are two of the only major caps in the green today. SUI is up +2% while AVAX is up +3.5% since yesterday. Trading volume has picked up slightly since yesterday, now at $76Bn, up from $68Bn.
With Bitcoin and the broader market continuing to bleed, the Fear & Greed Index dropped to 17/100, falling below the 20-25 range that had held steady over the past week and indicating a fresh wave of investor concern.
Market Cap 24h7d30d1yAll Time
Crypto News Today: THORChain Resumes Operations Following $11M Exploit
THORChain has resumed trading after more than five weeks of downtime. On Tuesday, the decentralized cross-chain liquidity protocol announced it had restored operations, ending the pause triggered by a May exploit.
According to the team, transaction signing, liquidity provider actions, and swaps are now available again. THORChain positions itself as the world’s leading decentralized exchange for Bitcoin, allowing users to swap native assets across different blockchains without the need to wrap tokens or rely on centralized intermediaries for bridging.
Trading on THORChain was halted on May 15 after blockchain investigator ZachXBT and the security firm PeckShield reported a suspected exploit affecting Bitcoin, Ethereum, BNB Chain, and Base.
This vulnerability led to the withdrawal of approximately $10.7M from one of the protocol’s Asgard vaults, while the other five vaults remained unaffected.