BITCOIN CAN’T BREAK $87K… Abstract Shuts Down After Losing Millions

Bitcoin has been rejected at $87K for the third time as the Pudgy Penguins-backed Abstract L2 announces it is shutting down after losing tens of millions. We break down today’s biggest crypto news, Bitcoin price prediction levels, the Solana crypto institutional settlement story with JPMorgan input, the new Zcash ETF filing and whether an altcoin season rotation is developing beneath BTC. Greeny and Craig also go on-chain across memecoins and today’s movers including STONKFUN, PONS, CARDS and GRASS. Live Australian crypto market analysis covering Bitcoin, altcoins, Solana, memecoins, macro markets and on-chain trading.