Bitcoin’s Calm Feels Dangerous—All Eyes On Vegas And June Reversal
Bitcoin hovers between $107,000 and $111,000, a deceptively narrow range that masks an options market bristling with tension. In a note to clients released today, Singapore-based QCP Capital argues that the lull is anything but benign. “Bitcoin’s reaction to last Friday’s macro developments was relatively restrained, even as equities rallied sharply,” the desk writes, pointing…
Dogecoin (DOGE) at Risk — Can Support Hold This Time?
Dogecoin started a fresh decline from the $0.2540 zone against the US Dollar. DOGE is now consolidating losses and might extend losses below $0.2200. DOGE price started a fresh decline below the $0.2420 and $0.2400 levels. The price is trading below the $0.240 level and the 100-hourly simple moving average. There is a connecting bullish…
Tether’s 2-Year, $5 Billion Investment Blitz Fuels US Companies: CEO
Tether, the issuer of the USDT stablecoin, has quietly funneled roughly $5 billion of its earnings into a mix of US businesses and government debt over the past two years. It’s putting money where its mouth is. According to CEO Paolo Ardoino, these moves are meant to show how tied the company is to the…
XRP Sees Wave Of Inflows: 70% Of Realized Cap Now New Money
On-chain data shows more than 70% of all capital stored in XRP came into the network alongside the high prices of the last six months. Over 70% Of XRP Realized Cap Is Six Months Old Or Younger In a Realized Cap,” which is a model that, in short, keeps track of the sum of the…
Crypto Whales On Watch As Over $3 Billion In Tokens Unlock Next Month
Crypto assets to the tune of over $3 billion are heading into circulation in June. That marks a 32% drop from May’s haul of $4.9 billion. According to crypto vesting tracker Tokenomist, investors and traders will face new supply pressure again this month. Total Token Unlocks Dip In June June’s release of $3.3 billion is…
Bitcoin Price Faces Key Hurdles — Can Bulls Power Through?
Bitcoin price started a fresh increase above the $108,000 zone. BTC is now consolidating and might start another increase if it clears $110,750 Bitcoin started a fresh upward move above the $107,500 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with…
Ethereum Price Faces Pressure: Can It Sustain Its Recent Rally?
Ethereum price found support at $2,460 and started a fresh increase. ETH is now struggling and might drop again below the $2,500 support. Ethereum started a decent increase above the $2,500 and $2,520 levels. The price is trading near $2,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend…
Bitcoin Enters A Massive Week: Key Events To Watch
Bitcoin heads into the final days of May with an unusually dense agenda of market-moving events that stretch from Las Vegas to Washington and Wilmington. Beginning Tuesday the 27th, the world’s largest cryptocurrency will be at the centre of its own ecosystem, Wall Street’s macro diary and one of the most closely watched bankruptcy wind-downs…
XRP Price Slides Lower — What’s Fueling the Continued Downside?
XRP price started a fresh decline from the $2.350 zone. The price is now moving lower and is currently at risk of more losses below $2.30. XRP price started a fresh decline below the $2.30 zone. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. There is a new connecting bearish…
Bitcoin Eyeing $112,000 After Bullish Double Bottom Breakout, Analyst Says
After a slight weekend slump that saw Bitcoin (BTC) dip to $106,600, the leading cryptocurrency has recovered most of its losses and is currently trading close to the $110,000 level. With bullish momentum building, several crypto analysts now believe that BTC may be on track to hit a new all-time high (ATH) in the coming…