The US spot Bitcoin ETFs, including GBTC, started off June on a high note despite hints of waning hype. In the first week alone, these ETFs collectively purchased 25,729 BTC, showing a strong interest from investors. This marked a significant increase compared to the previous months, with data showing that in January, these ETFs acquired
Cryptocurrency
The recent spike in the price of Ethereum (ETH) has brought the cryptocurrency close to the $4,000 mark, sparking renewed market enthusiasm. This surge can be attributed to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. According to a report by CoinShares, digital asset investment products have
Bitcoin experienced a lackluster weekend in terms of price action, with a brief uptick towards $70,000 that was short-lived. The momentum was quickly halted, and the cryptocurrency retreated to familiar territory. Similarly, most altcoins have also shown little movement, with only a few exceptions such as BNB, NEAR, FIL, and FET, which have experienced significant
Christian’s path into the world of journalism began long before the rise of cryptocurrencies. His love for storytelling was nurtured during his time as a feature writer for his college paper. This early experience set the stage for a successful career as an editor at a data engineering firm, where his writing skills earned him
As the cryptocurrency market gears up for the upcoming Federal Reserve rate decision on June 12, analysts are drawing parallels to previous market cycles. The situation in June 2019 saw altcoin and Bitcoin pairs capitulating just before a rate cut by the Federal Reserve. Fast forward to the current market scenario, and the chart patterns
Recent analysis by 10x Research CEO Markus Thielen suggests that Bitcoin is on the verge of making a new all-time high, potentially rallying towards $83,000 in the near future. Despite hitting resistance and a slight retreat to just over $69,000, Thielen remains bullish on the cryptocurrency. The “head and shoulders” chart pattern he observed indicates
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement below the 4-hour Simple Moving Average (SMA). This development holds significance for traders and investors alike, as it can provide insights into short-term market sentiment and momentum. Beyond technical analysis, factors such as broader market conditions, investor behavior, and fundamental
The recent indictment by the US Department of Justice (DoJ) of Bill Guan, the chief financial officer of Epoch Times, has sent shockwaves through the media industry. The accusations are serious – alleging his involvement in an international money laundering scheme worth around $67 million using cryptocurrency. According to the DOJ, from 2020 to May
Bitcoin, the leading cryptocurrency, has shown significant price volatility in recent days. Despite the continuous inflows into US-based ETFs, the price of Bitcoin plummeted by more than three thousand dollars in just a few hours. This sudden drop has raised questions about the factors influencing Bitcoin’s price movements, particularly in the context of the approval
Recently, a popular on-chain sleuth brought to light the fraudulent activity involving an early investor in the Solana-based meme coin known as ANDY. The exploit resulted in a whopping $2 million worth of meme coins being drained in several transactions. This malicious actor wasted no time in swapping half of the ill-gotten profits for ETH