[ad_1] The bitcoin market has been chilly during the last two weeks. The uncontested ruler of the cryptocurrency world, Bitcoin, has taken the brunt of the cold., experiencing its worst weekly outflow in three months at a staggering $621 million, according to a recent report by Coinshares, a digital asset investment firm. This isn’t just a case of Bitcoin catching a cold; the entire market is experiencing a collective shiver, with major outflows impacting assets across the board. Bitcoin: Investor Confidence Takes A Hibernation Break Investor sentiment has taken a sharp turn towards the negative, with many pulling back from…
Author: dfrancis36
[ad_1] Bitcoin (BTC), the largest cryptocurrency on the market, has again taken the lead in the crypto landscape. However, this time it comes with a sense of caution among investors triggered by macroeconomic data, particularly from the United States. In addition, the resulting outflows of over $600 million from the primary market of the digital asset ecosystem, as reported by asset manager CoinShares, have raised concerns about potential price corrections shortly. Against this backdrop, renowned analysts and technical experts have weighed in to share their insights and predictions on Bitcoin’s future trajectory. Crypto Experts Warn Of Looming Bitcoin Correction Crypto…
[ad_1] Bitcoin has been struggling even though spot exchange-traded funds (ETFs) have been bought. Here’s why, according to this analyst. Bitcoin Has Been Seeing A Rise In “Paper BTC” Recently In a new thread on X, analyst Willy Woo has talked about why BTC has seen bearish momentum recently despite the buying pressure from spot ETFs and institutional entities. First, the analyst has explained a source of spot selling pressure: the long-term holders (LTHs). The LTHs refer to the HODLers of the market, who tend to keep their coins dormant for long periods. These investors rarely sell, and the timing…
[ad_1] Prominent crypto analyst Jelle has projected Ethereum (ETH) to surge to $5,000 by the end of this year. This prediction comes with a notable reason from a technical perspective. Ethereum Rally: Setting the Stage For New Peaks Jelle’s forecast comes after Ethereum is experiencing a form of stabilization above the $3,500 mark, following a correction from its March high of over $4,000. Related Reading As the crypto community watches closely, Jelle’s insights suggest significant bullish potential for Ethereum, particularly as the market anticipates the launch of spot Ethereum exchange-traded funds (ETFs). Jelle’s analysis points to a pivotal moment for…
[ad_1] South Korea will implement its first crypto act on user protection on July 19. As a result, the South Korean financial authority has notified nearly 30 registered exchanges to review the over 600 cryptocurrencies they listed on them. Under the new law, companies that fail to comply could face severe criminal punishment. Crypto Exchanges Required To Review Assets’ Listing The Korea Times reported on Sunday that registered exchanges must comprehensively review the listing status of their listed crypto assets. Hundreds of cryptocurrencies are currently being traded on the 29 exchanges operating in South Korea. The Korean Financial Intelligence Unit…
[ad_1] Bitcoin price extended its losses and traded below the $65,000 level. BTC is showing bearish signs and might extend losses below the $64,600 level. Bitcoin remained in a bearish zone and traded below $65,000. The price is trading below $66,000 and the 100 hourly Simple moving average. There is a connecting trend line forming with resistance at $67,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down and even trade below the $64,500 support zone. Bitcoin Price Extends Its Decline Bitcoin price struggled to recover above the $66,500 resistance…
[ad_1] Ethereum is slipping after printing higher highs over the weekend. Considering price action, the coin is up roughly 5% from last week’s lows but is still trending below the all-important resistance at $3,700. Although ETH holders and traders are upbeat, prices must decisively close above this liquidation level, paving the way for more gains in short to medium term. Will Prices Plunge After Spot Ethereum ETF Begin Trading? The cause for optimism follows the rapid shift by the United States Securities and Exchange Commission (SEC) to approve the first spot Ethereum exchange-traded fund (ETF) in the country. Following encouraging…
[ad_1] CRV, the native token of the stablecoin decentralized exchange Curve Finance, has been dumping in over the last year or so. After last week’s plunge, the token fell by as much as 75% from March 2024 highs, a huge concern for token holders. CRV Recovers, Adds 45% After Plunging However, according to one analyst who took to X, the bottom could be in, arguing that favorable fundamental events in roughly two months could propel the token to as high as $2. CRV is changing hands at around $0.32, up 42% from last week’s lows. CRV price trending upward on…
[ad_1] The veil of anonymity often touted as a benefit of cryptocurrency has backfired spectacularly for extremist groups. A new report by blockchain forensics firm Chainalysis reveals that the Nordic Resistance Movement (NRM), a white supremacist organization designated as a terrorist group by the US Treasury, has been using crypto donations to fund its activities for nearly a decade. Traces Of Dirty Money On The Blockchain Based on the study by Chainalysis, the NRM, established in Sweden in 1997, actively solicited cryptocurrency donations since at least 2015. This tactic likely arose from sanctions imposed on the group, hindering their access…
[ad_1] A trader known for making timely altcoin calls thinks that one memecoin is gearing up for a big upside burst. Pseudonymous analyst Bluntz tells his 261,500 followers on the social media platform X that while he’s medium-term bearish on meme token dogwifhat (WIF), he thinks the altcoin is poised for a big bounce. According to Bluntz, WIF is flashing multiple bullish signals suggesting that it may witness a relief rally before continuing its downtrend. “Even though I think on high timeframe WIF looks cooked and destined for $1, I also believe a 50% bounce first could be on the…