Bitcoin remains mostly steady above $30.5k during weekend trading session

quick take

• Bitcoin traded steadily above $30.5 million during the weekend trading session, with the 24-hour liquidation roughly split between long ($32.7 million liquidated) and short ($34.2 million liquidated).
• Bitcoin briefly dipped below $30,000 last week after the WSJ reported that the SEC would once again block spot Bitcoin ETFs. Applications filed by the exchange on behalf of groups such as BlackRock and Fidelity Investments were found not to be “sufficiently detailed or exhaustive.”
• A source, who requested anonymity, referred to by The Wall Street Journal said the application was unable to identify any Bitcoin exchanges participating in the “surveillance sharing agreement” (SSA) with Nasdaq and Cboe. Such agreements are requirements set by the SEC to deter fraud and manipulation in the fundamental markets of financial assets.
• Tomorrow, July 3, Bitcoin ATM provider Bitcoin Depot will list on the Nasdaq, becoming the first cryptocurrency ATM operator to list on the Nasdaq.
• The correlation between Bitcoin and the Nasdaq dropped to 3% in June as Kaiko’s data suggested sentiment was split between cryptocurrencies and stocks.

After first appearing on CryptoSlate, Bitcoin has largely stabilized above $30,500 during the weekend trading session.