$BTC is down 1%, with the broader altcoin market experiencing a sell-off. As of now, $BTC is trading at $118,053 and $ETH at $3,796. Bitcoin dominance stands at 61.36%.
Ray Dalio recommends allocating around 15% of an investment portfolio to long-term assets such as gold and Bitcoin to hedge against risks like currency debasement, high debt levels, and global instability. While he says he “strongly prefers gold to Bitcoin,” he acknowledges owning a small amount of Bitcoin and leaves the choice to individual investors.
A few headlines include: Mill City Ventures III announces a $450M private placement to launch a Sui treasury strategy; Plasma closes its public sale with $373M in commitments; and PayPal launches “Pay with Crypto,” allowing merchants to accept over 100 cryptocurrencies (see below).
Over the last 24 hours, the top three gainers were $CFX, $B, and $PENDLE, while the top three losers were $TKX, $REKT, and $FARTCOIN.
