Bitcoin has experienced a significant amount of selling pressure over the past week, resulting in a noticeable impact on its price. According to data from CoinGecko, the value of Bitcoin has dropped by almost 5% in the last seven days, reaching its lowest level in nearly a month at around $65,000 on Friday, June 14th.
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Bitcoin has seen its fair share of ups and downs in recent times, but according to prominent brokerage firm Bernstein, the future looks bright for the leading cryptocurrency. In a recent report, analysts at Bernstein revised their long-term price forecast for Bitcoin, setting it at an impressive $200,000 by the end of 2025. This new
Bitcoin has experienced some turbulent price movements in the past few days, with the asset dropping to $65,000 for the first time in about a month. The primary cryptocurrency had a positive start to the week, surging to $70,000 on Monday. However, things took a turn on Tuesday amid concerns about the US CPI numbers
Cardano analyst Sebastian has made bold claims about ADA potentially reaching $3 this year. One of the reasons he cited for this optimistic outlook is Cardano’s partnership with Argentina. The collaboration with Entre Ríos, a central province in Argentina, aims to promote blockchain adoption in the country. This partnership not only benefits ADA by expanding
Asset tokenization, including the tokenization of securities, has been gaining attention for the potential benefits it offers. SEC commissioner Mark Uyeda highlighted the advantages, pointing out that representing asset rights with a digital token on a blockchain can enhance security, transparency, and immutability. He also mentioned that tokenization eliminates the need for intermediaries, making transactions
Recent data points to a concerning downward trend in the price of Ethereum, with a significant 15% drop from March 2024. Despite this, on-chain data suggests a more bullish outlook for the cryptocurrency. Analysts have observed a spike in ETH demand, particularly from permanent holders, who are often institutional investors with substantial resources at their
Recently, the New York Attorney General’s office made headlines by announcing the completion of its settlement with Gemini and the subsequent recovery of $50 million for users who were affected by the defunct Gemini Earn program. This news sent shockwaves throughout the cryptocurrency community, as it shed light on the deceptive practices that had been
In a recent analysis by crypto analyst TechDev, insights into the future trajectory of Bitcoin have been provided. The analyst suggests that Bitcoin has not yet reached its full potential in the current market cycle and that more price surges are expected for the cryptocurrency. According to TechDev, blowoff tops in Bitcoin only occur after
The recent surge in ETH withdrawals from centralized exchanges indicates that crypto whales are anticipating a price recovery for Ethereum. Analysts have noted a significant decrease in the amount of ETH held on exchanges, reaching levels not seen since 2016. This trend is attributed to both small and large investors withdrawing their holdings, leading to
The Bitcoin market is currently experiencing an expiry event with around 20,000 Bitcoin options expiring, amounting to a notional value of $1.35 billion. While today’s expiry event is relatively small compared to previous weeks, a much larger expiry event is scheduled for June 28, with $6.7 billion worth of derivatives expiring. The current put/call ratio