Bitcoin’s sudden 15% surge towards $30,300 between June 19 and June 21 caused $125 million in liquidations of leveraged short futures contracts, taking traders by surprise. While pinpointing the exact cause of the rally is complicated, some analysts suggest that an inflow of institutional investors could be a potential trigger if BlackRock’s exchange-traded fund (ETF)
Analysis
Pepecoin, a frog-themed token on Ethereum, rose to prominence in May 2023, leading the memecoin hype on Ethereum. While many copycats of dog-themed tokens, such as Shiba Inu and Floki, have challenged Dogecoin’s position over the years but eventually faded, Pepecoin could be the newest contender to Dogecoin in the memecoin sector. Pepecoin’s Performance Compared
Bitcoin (BTC) has continued to maintain its price action around $30,000 as traders await the cryptocurrency’s next move. The market has experienced a second day of sideways trading following the prior upside that stalled close to the yearly high at $31,000. Traders are trying to predict the cryptocurrency’s next targets, but there has been no
Bitcoin (BTC) has seen a rally of 24.3% between June 15 and June 23, bringing its trading value above $31,000. This unexpected surge caught many off guard, leading to $165 million in short futures contract liquidations for bears. However, investors using Bitcoin derivatives also felt some discomfort from the sudden rally. The biggest question mark
According to analytics firm Glassnode, Bitcoin (BTC) is expected to face a period of “boredom” lasting up to one-and-a-half years as the bull market gathers momentum. In its latest weekly newsletter, “The Week On-Chain”, the firm predicted an “arduous” time for BTC holders as the cryptocurrency struggles to hold its ground, despite gaining 70% in
ARK Invest CEO and Chief Investment Officer Cathie Wood has revealed that her flagship fund, Ark Innovation (ARKK), is adding to its position in Coinbase (COIN) despite the Securities and Exchange Commission (SEC) lawsuit against Binance, one of Coinbase’s biggest competitors. According to disclosure statements, ARKK purchased almost 330,000 shares of COIN on June 6,
Bitcoin, the world’s largest cryptocurrency, has seen its value drop by nearly 15% from its yearly high of around $31,000 due to regulatory crackdowns on Coinbase and Binance and the Federal Reserve’s hawkish forward guidance. Despite this, Bitcoin (BTC) is up 60% year-to-date and has held above a technical support level of $25,000. There are
On June 15, the total market capitalization of cryptocurrencies fell to its lowest level in three months, reaching $1.02 trillion. The past few weeks have seen a bearish trend fueled by regulatory uncertainty. While Bitcoin (BTC) and BNB (BNB) saw gains of 2.5%, XRP (XRP) dropped 5.2%, and Ether (ETH) traded down 0.7%. The 10-week-long
Bitcoin has gained 6.5% after defending the $26,300 level following a momentary retest of the $25,000 support on June 15. However, the cryptocurrency has declined by 12.7% in the last two months, leading to a slightly bearish sentiment among investors. The dismissal of Binance.US’s temporary restraining order by Judge Amy Berman Jackson of the United
Between June 14 and June 15, Ether’s price fell by 7%, reaching its lowest level in three months. This decline impacted investors’ view that the altcoin was en route to turning $2,000 to support. It’s important to note that the $1,620 bottom represents a $196 billion market capitalization for Ether (ETH), which is higher than