Bitcoin could top 100 and $50,000. And Biden and Trump themed meme coins steal the show. You’re watching coin desk daily. I’m your host, Jen Sani crypto market slid as much as 10% in the past 24 hours. But the largest Cryptocurrency by market cap is making a rebound. Some observers said that selling pressure was likely driven by profit taking at historical highs and miners offloading some of their Bitcoin holdings data also shows that inflows in spot. Bitcoin exchange traded funds remained strong. Bitcoin rewards app, Loy’s Ceo Alex Adelman said in an email quote following the having increased scarcity and strong demand from retail and institutional investors will likely push Bitcoin’s price even higher based on historical trends following the having Bitcoins price could top 100 and $50,000 in the next year. End quote, meme coins remain in the spotlight as Biden and Trump themed meme tokens take center stage on Solana a token with the ticker Biden based on us President Joe Biden rose by 830% in six hours. While a series of similar tokens based on the like of Elon Musk, Kanye West and Donald Trump have also been issued. The emerging narrative comes as dog with hat, this super cute dog with a little hat. Salon’s most prominent meme coin outperformed doge coin and bonk with a 48% move to the upside and Binance us slash two thirds of its workforce as revenue plunged after the sec lawsuit. According to court transcripts, after the S ECs action, Binance US saw a $1 billion asset exodus, a 75% revenue drop and 200 layoffs. This information was recently published as part of the status update on the S ECB lawsuit. That’s a wrap for coin desk daily today. Get more updates on Coin desk.com and we’ll see you next time.
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