The cryptocurrency market has been experiencing a period of sideways movement after facing significant declines earlier in the week. Bitcoin, the leading cryptocurrency, has been struggling to surpass the $67K mark decisively. Despite attempting to break above $68K recently, sellers have been limiting its upward movement. As a result, BTC is currently trading around $67K,
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Bitcoin options expiring today have a notional value of $1.35 billion, a relatively smaller event compared to previous weeks. The put/call ratio for today’s contracts stands at 0.49, indicating more long contracts expiring than short ones. The max pain point is $68,500, slightly above the current spot prices. Bulls are dominating BTC derivatives, with significant
The blockchain analytics platform Bubblemaps has raised concerns about possible insider trading in meme coin projects endorsed by influencers such as Andrew Tate and Iggy Azalea. The accusations, outlined in a detailed report on June 12, suggest that insiders may have obtained a significant portion of the token supply at the inception of the DADDY
Recently, Ethereum (ETH) has experienced a significant drop in price, falling to around $3,500 as reported by CoinGecko. This decline of 9% on a weekly basis has caused concern among investors. However, despite the current downward trend, many analysts remain optimistic about the future of ETH. Some even predict the possibility of new all-time highs
Recently, Terraform Labs reached a settlement with the Securities and Exchange Commission (SEC) regarding fraudulent activities related to the defunct Terra blockchain. The crypto firm has agreed to pay a staggering $4.47 billion fine as part of the settlement. This fine encompasses various components, such as disgorgement, prejudgment interest, and a civil penalty, all of
ENA, the native token of Ethena, has been experiencing intense pressure from sellers in recent weeks. This has led to a significant drop in its price, with ENA plummeting to $0.73, marking its lowest level since May 20th. The consequences of this price decrease have been particularly harsh for ENA stakers, as evidenced by the
The recent release of the latest US Consumer Price Index (CPI) data has had a notable impact on the cryptocurrency market, with Bitcoin and Ethereum experiencing a surge in prices. Over the past 24 hours, Bitcoin posted gains of 3.4%, while Ethereum saw an increase of 2.43%. Despite this upward trend, the market remains uncertain,
As risk assets in the financial sector face vulnerability, market experts have warned that bitcoin (BTC) could also be pushed into a “slow bleed environment” due to certain economic factors. Recent concerns about United States authorities not cutting interest rates soon have left risk assets, including BTC, looking shaky. The release of stronger-than-expected jobs data
The US spot Bitcoin ETFs, including GBTC, made a strong start to June despite hints of waning hype. In the first week alone, these ETFs collectively purchased 25,729 BTC. This was a significant increase compared to previous months. Data shows that in January, these ETFs acquired 33,456 BTC, followed by 116,561 BTC in February and
Bitcoin, the flagship cryptocurrency, experienced a weekend of dull price actions that were only briefly interrupted by a minor increase toward $70,000 before being stopped in its tracks. Despite the brief surge, Bitcoin quickly returned to familiar ground. The market witnessed sluggish movements in most altcoins, with the exception of BNB, NEAR, FIL, FET, and
In the previous market cycle, altcoin and Bitcoin pairs experienced a capitulation in June 2019, coinciding with the United States Federal Reserve’s decision to cut interest rates. The current chart pattern is eerily similar, hinting at a potential final flush out of altcoins before the upcoming Fed rate decision on June 12. Despite this, the
The cryptocurrency market has been experiencing significant fluctuations recently, with Bitcoin in particular showing signs of a potential rally towards $83,000. Analysts like 10x Research CEO Markus Thielen have pointed out a “head and shoulders” chart pattern that is nearing completion, indicating a bullish outlook for the future. While Bitcoin did face resistance and pulled
Core Scientific, a key player in North America’s digital infrastructure industry, has recently announced a groundbreaking partnership with CoreWeave, an AI Hyperscaler. This partnership involves a series of long-term contracts spanning over 12 years, where Core Scientific will provide approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. This significant milestone for
In a recent announcement, Coinbase CEO Brian Armstrong revealed that the ‘Stand With Crypto’ movement has reached one million supporters who are advocating for the crypto industry. This milestone was celebrated by Armstrong, who emphasized the significance of having such a large number of advocates, stating, “That’s a lot of voters!” The surge in membership,
