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
Ethereum’s price recently faced a hurdle at the $3,720 resistance level, failing to break through. This failure resulted in a fresh decline, putting ETH at risk of further losses below the $3,550 support zone. The inability to surpass the resistance could signal a bearish trend in the near future. Following the rejection at the resistance
Ethereum (ETH) has recently experienced a surge in price, nearing the $4,000 mark. This increase in price has been met with renewed market enthusiasm following the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. CoinShares reported a total of $2 billion in inflows to digital asset investment products,
The Arbitrum Foundation, the brains behind the Ethereum Layer 2 scaling solution, has made a bold move to boost growth in the gaming sector within its ecosystem. With a commitment to distribute a substantial amount of ARB tokens over the next three years for the Gaming Catalyst Program (GCP), the foundation aims to revolutionize the
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
Christian’s journey into the world of journalism began long before the age of Bitcoin. As a feature writer for his college paper, he honed his craft and developed a love for storytelling that would shape his career. His passion for writing led him to a successful stint as an editor at a data engineering firm,
In the realm of web3 gaming, the introduction of Overworld Arena marks a significant milestone in showcasing the power of blockchain technology to revolutionize accessibility and engagement. With its recent launch, Overworld Arena promises an immersive player-vs-player (PVP) experience with a diverse range of rewards up for grabs. The game not only offers a generous
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,
The recent indictment by the US Department of Justice (DoJ) has sent shockwaves through the media industry. Bill Guan, the chief financial officer of Epoch Times, has been accused of participating in an elaborate international scheme to launder approximately $67 million of illicit funds using cryptocurrency. The allegations reveal a sordid tale of deceit and
Ethereum (ETH) has experienced a significant price drop below the 4-hour Simple Moving Average (SMA), signaling a potential shift in market sentiment from bullish to bearish. This technical development is crucial for traders and investors as it can indicate increased selling pressure and a possible downward trend continuation. The implications of this price movement extend
Bitcoin’s price took a significant hit on Friday, reversing its upward trajectory and dropping by over $3,000 in a matter of hours. This came as a surprise to many, especially considering the ongoing inflows into US-based ETFs. The key question here is: why did this drop occur, given the positive news surrounding cryptocurrency ETFs? One