The weakened market sentiment comes amid fears of a potential $8.5 billion market dump by Mt. Gox and recent mass outflows from United States spot Bitcoin ETFs.
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The nearly $9 billion in Mt. Gox creditor repayments starting July may not kick down the price of Bitcoin, but they could spell trouble for Bitcoin Cash.
Experts say that the lack of base yield and fragmented liquidity have made Bitcoin DeFi a challenging environment to navigate.
Investors in Asia will assess South Korea's consumer sentiment index for June, as well as Japan's service sector producer prices.
AI machines will need to use and store their wealth somewhere, and Bitcoin is the logical choice for that, Anthony Pompliano says.
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