The sudden escalation in Middle East tensions over the weekend triggered sharp moves across global markets, with Bitcoin plunging below the $100,000 mark for the first time since May. The drop followed a surprise U.S. airstrike on Iranian nuclear facilities and a retaliatory vote by Tehran’s parliament to authorize the closure of the Strait of […]
Key takeaways Solana’s SOL is down 9% in the last 24 hours and risks dropping to the $120 support level. The head and shoulder pattern on the daily timeframe indicates that the bears are firmly in control. Solana dips 9% amid wider market bearish movement SOL, the native coin of the Solana ecosystem, is down
SOL’s pattern suggests the coin could drop to $120 Read More »
Key takeaways ETH is the worst performer in the top 10 today, losing 7% of its value. The cryptocurrency risks dropping to the $2k level amid growing selling pressure. Ether drops below $2,300 after dipping 7% Ether, the second-largest cryptocurrency by market cap, is the worst performer among the top 10 cryptos. It has lost
ETH risks dropping to $2k as selling pressure increases Read More »
Key takeaways Cardano’s ADA dips nearly 2% in the last 24 hours and now trades above $0.55. Investors are optimistic about ADA’s price action ahead of the anticipated Leios upgrade. ADA dips 8% this week, but bulls keep hope alive ADA, the native coin of the Cardano ecosystem, has underperformed this week, mirroring the performance
Will ADA rally ahead of the Leios Upgrade? Read More »
The planned raise, originally targeting $1 billion at a $4 billion valuation, has been pushed to mid-July. Social media platform X suspended Pump.fun and the founder’s accounts on 16 June. The auction was initially scheduled for 25 June with a $4 billion valuation. Solana-based memecoin launchpad Pump.fun has delayed its public token auction once again,
Pump.fun token auction delayed again amid legal pressure, social media ban Read More »
Key takeaways DOGE has lost its position as the 8th-largest crypto by market cap after Tron’s TRX overtook it. The coin could drop to the $0.15 level as the broader sentiment remains bearish. TRX flips Dogecoin Tron’s TRX has been the best performer among the top 10 cryptocurrencies by market cap this week. After an
Dogecoin price prediction: DOGE risks dipping to $0.15 as TRX overtakes it Read More »
Key takeaways SOL has failed to push above the 20-day EMA and could now test the $140 support level. If the bulls fail to defend the $140 support, SOL could dip further towards $123 in the short term. SOL dips 1% amid broader bearish performance This has been a net negative week for the cryptocurrency
Bears still targeting the $140 support Read More »
Key takeaways BTC continues to trade above the $104k level despite the ongoing Middle East crisis. The U.S. Federal Reserve left interest rates unchanged but expects inflation to decline in the coming months. Federal Reserve leaves interest rates unchanged The major financial news of the week took place on Wednesday, with the FOMC confirming what
Bitcoin stays above $104k as Fed leaves interest rate unchanged Read More »
On-chain data shows that Bitcoin’s (BTC) “ancient supply” is increasing faster than new BTC daily issuance, according to a June 18 research by Fidelity Digital Assets. The report treats ancient supply as Bitcoins that have remained unmoved for at least a decade, and it counted an average of 566 BTC entering the 10-year-plus cohort daily
Arthur Hayes said that stablecoin issuers who cannot immediately tap a large exchange, a Web2 platform, or a legacy bank will struggle to survive. In a June 16 blog post, the BitMEX co-founder recounted how the banking shutdowns in the 2010s in Hong Kong and Mainland China drove traders toward Tether. Bitfinex and Tether allowed
Arthur Hayes says only exchange-backed or bank-linked stablecoins can thrive Read More »
