Bitcoin has experienced significant price fluctuations in the past few days, causing distress among investors. The cryptocurrency slumped to $65,000, marking a monthly low after a brief pump to $70,000 earlier in the week. The volatility was fueled by growing anticipation and fear surrounding the US CPI numbers and the FOMC meeting. The Altcoin Market
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As around 20,000 Bitcoin options are set to expire today with a notional value of $1.35 billion, the market impact is expected to be minimal compared to previous weeks. However, a larger Bitcoin options expiry event is looming on June 28, with $6.7 billion in notional value derivatives expiring. Today’s BTC contracts have a put/call
The cryptocurrency market has been experiencing a period of sideways movement, with significant declines seen earlier in the week. Bitcoin, in particular, has been struggling to break past the $67K mark, with the price hovering around that level at a 1% loss over the past 24 hours. Despite attempts to surpass $68K, the sellers have
Bubblemaps, a blockchain analytics platform, has recently brought to light some concerning allegations regarding insider trading in meme coin projects associated with individuals like Andrew Tate and Iggy Azalea. The claims, outlined in a detailed thread on June 12, suggest that insiders had acquired a significant portion of the token supplies of projects like DADDY
Ethereum (ETH) has recently experienced a decline in price, dropping to around $3,500. However, analysts are optimistic about the potential for new all-time highs in the future. Metrics such as negative exchange netflow and a low Relative Strength Index (RSI) suggest reduced selling pressure and the possibility of a price recovery. The price of Ethereum,
Terraform Labs, the defunct crypto firm behind the Terra blockchain, has recently come to a settlement agreement with the Securities and Exchange Commission (SEC). The SEC has accused the company and its co-founder, Do Kwon, of engaging in fraudulent activities related to the defunct blockchain, resulting in massive losses for investors. As part of the
ENA, the native token of Ethena, has been experiencing significant selling pressure in recent weeks. This has led to a drastic decline in its price, with ENA plummeting to $0.73, marking its lowest level since May 20th. As a consequence, ENA stakers have suffered substantial losses due to this sudden downturn in the token’s value.
The cryptocurrency market, led by Bitcoin and Ethereum, recently experienced a surge following the release of the latest US Consumer Price Index (CPI) data. Bitcoin saw a 3.4% increase while Ethereum gained 2.43% over the past 24 hours. Despite this positive movement, the market remains uncertain, with Bitcoin hovering around $70,000 and Ethereum struggling to
As risk assets in the financial sector are starting to show signs of vulnerability, market experts are closely watching for potential economic factors that could have a similar impact on bitcoin. The recent release of stronger-than-expected US jobs data caused a dent in various assets, including BTC. However, bitcoin managed to navigate through the storm,
The US spot Bitcoin ETFs, including GBTC, had a remarkable beginning to June despite some signs of diminishing hype. Data reveals that during the first week alone, these ETFs collectively bought a staggering 25,729 BTC. This follows a trend seen in previous months where significant amounts of BTC were acquired by these investment vehicles. In
