Bitcoin has been on a wild ride in the past few days, with its price plummeting to $65,000 – a level last seen about a month ago. The asset bounced back to over $70,000 on Monday, only to drop again to $66,000 amid fears surrounding the US CPI numbers and the FOMC meeting. While bitcoin
Crypto
The cryptocurrency market has been experiencing a period of sideways movement, with Bitcoin struggling to break past the $67K mark. Despite attempting to exceed $68K recently, the price was met with selling pressure, resulting in a 1% loss over the past 24 hours. This choppy action has led to the liquidation of over $110 million
The recent Bitcoin options expiry event included around 20,000 contracts with a notional value of $1.35 billion. Although the impact of today’s expiry is expected to be minimal due to its smaller size compared to previous weeks, traders are closely watching upcoming events. On June 28, a massive Bitcoin options expiry with $6.7 billion in
The world of cryptocurrency has always been filled with controversies and scandals, and the latest allegations of insider trading in meme coin projects promoted by Andrew Tate and Iggy Azalea have once again brought the issue to the forefront. Blockchain analytics platform Bubblemaps recently came forward with claims of suspicious activity surrounding the launch of
Ethereum (ETH) has recently experienced a decline in price, dropping to around $3,500 according to CoinGecko. This represents a 9% decrease on a weekly basis, mirroring the trend seen in many other cryptocurrencies over the past few days. Analysts’ Positive Predictions Despite the recent price decline, analysts remain optimistic about the future of Ethereum. Some
After a prolonged legal battle between Terraform Labs and the Securities and Exchange Commission (SEC), a settlement has been reached. The defunct crypto firm has agreed to pay a staggering $4.47 billion fine for engaging in fraudulent activity related to the defunct Terra blockchain. This settlement marks a significant development in the case that has
ENA, the native token of Ethena, has been experiencing a downward spiral in recent weeks. With the price plummeting to $0.73, the lowest since May 20th, ENA holders have been facing substantial losses. The largest ENA staker, who previously held 23.24 million ENA valued at approximately $17.3 million, decided to unstake their entire position. This
The cryptocurrency market experienced a significant surge following the release of the latest US Consumer Price Index (CPI) data. Bitcoin and Ethereum saw gains of 3.4% and 2.43% in the past 24 hours, respectively. Despite this positive movement, the market remains uncertain, with Bitcoin hovering around $70,000 and Ethereum struggling to surpass $4,000. Investors are
The recent performance of risk assets in the financial sector has raised concerns among market experts regarding the vulnerability of Bitcoin (BTC) to economic factors. According to a Bitfinex Alpha report, the ongoing uncertainty surrounding interest rate cuts by U.S. authorities has cast a shadow over assets like BTC, which witnessed a temporary dent last
In June, US spot Bitcoin ETFs, including GBTC, saw a surge in purchases, with a collective acquisition of 25,729 BTC during the first week alone. This was a significant increase compared to the figures from the previous months, such as January, which saw the acquisition of 33,456 BTC, followed by 116,561 BTC in February and
