Bitcoin Miner Capitulation, CryptoQuant Sees $53,600 Bottom, EU Targets Crypto Exchanges
On-chain data signals BTC miner capitulation, CryptoQuant forecasts a bottom at $53,600, and the EU proposes sanctions against crypto exchanges. Plus, Humanity Protocol loses $31M to a hack and ZEC shorts emerge ahead of vulnerability disclosure.
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This week's crypto news roundup from ForkLog highlights bearish signals for Bitcoin and regulatory moves against exchanges. On-chain data points to miner capitulation, while CryptoQuant predicts a Bitcoin bottom at $53,600. Bernstein described the current cycle as "boring."
Other notable stories:
- Humanity Protocol token crashed after a $31 million exploit.
- Five wallets opened large short positions on ZEC before a vulnerability was disclosed.
- The EU proposed new sanctions targeting crypto exchanges.
- Botanix announced a phased shutdown of its L2 network.
- Google declined to participate in a US quantum computing program.
Source: ForkLog