The US spot Bitcoin ETFs, including GBTC, had a notable beginning in June despite some signs of diminishing hype. These ETFs collectively purchased 25,729 BTC in the first week of the month, almost matching the total amount acquired in May. The data from HODL15Capital revealed that since their introduction in mid-January, these spot Bitcoin ETFs
Crypto
Bitcoin, the leading cryptocurrency, experienced a weekend with uneventful price actions. Despite a brief uptick towards $70,000, the asset quickly retraced back to familiar levels. This lack of significant movement left many traders and investors waiting for a breakthrough that never came. The accompanying altcoin market also displayed a similar sense of inertia. With the
Looking back at the last market cycle, altcoin and Bitcoin pairs experienced a capitulation in June 2019, just prior to the United States Federal Reserve cutting interest rates. Interestingly, the chart pattern for the current cycle mirrors that of the past. If history is any indication, we may be on the brink of another significant
The cryptocurrency market has been abuzz with speculation and predictions, with experts weighing in on the potential for Bitcoin to reach a new all-time high. CEO Markus Thielen of 10x Research recently shared his insights, pointing to a “head and shoulders” chart pattern that suggests a rally towards $83,000 in the near future. Despite hitting
Core Scientific, a key player in North America’s digital infrastructure sector, has revealed a groundbreaking strategic collaboration with CoreWeave, an AI Hyperscaler. This partnership involves a series of long-term contracts lasting over 12 years, marking a significant milestone for Core Scientific as it delves into the AI data center domain. Under this agreement, Core Scientific
Recently, Coinbase CEO Brian Armstrong announced that one million individuals have joined the ‘Stand With Crypto’ movement to advocate for the cryptocurrency industry. This surge in support has been attributed to various factors, including the threat of a Whitehouse veto and recent bipartisan victories in Congress. Armstrong highlighted the non-partisan nature of the movement and
The recent indictment of Bill Guan, the chief financial officer of Epoch Times, by the US Department of Justice has sent shockwaves through the media industry. Guan stands accused of participating in an elaborate international money laundering scheme involving cryptocurrency, with millions of dollars of illicit funds allegedly funneled through the media company. According to
In recent days, the price of bitcoin has been on a rollercoaster ride, with sharp drops in value that have left many investors puzzled. Despite the ongoing inflows into US-based ETFs, bitcoin experienced a significant drop of over three thousand dollars in just a few hours. This raises the question of what exactly caused this
Ripple’s XRP has been maintaining a price level around $0.52 recently, lacking significant price movements compared to other leading cryptocurrencies. The market cap of XRP has struggled to surpass the $30 billion mark during this period of consolidation. However, analysts have contrasting opinions regarding the future of XRP’s price. Some analysts, such as DustyBC Crypto
Recently, a well-known on-chain investigator brought to light a case of fraudulent activity involving an early investor in the Solana-based meme coin, ANDY. The exploiter was able to siphon off approximately $2 million worth of meme coins in a series of transactions, causing the price of ANDY to plummet by over 20% in just one