Solana slumps to 45-day low — Will SOL price bounce at $130?
SOL price weakness can explained by Solana Network’s activity and lack of appetite from derivatives traders. Go to Source
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Digital asset funds see biggest weekly outflow since March
According to data from a CoinShares report, weekly total outflows for digital asset funds hit $600 million on June 14. Go to Source
Bitcoin Holdings By Large Wallets Reach 2-Year High Amid Market Dynamics
Wallets holding 10 or more Bitcoin have collectively reached their highest level of holdings since two years ago. This milestone comes in the wake of significant changes in the cryptocurrency market, including a remarkable 226% increase in Bitcoin’s market value. Speculation abounds that FTX was actively suppressing cryptocurrency prices in the second half of 2022. … Read more
SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether ETFs can launch. Gary Gensler Answers Crypto Questions The … Read more
Bitcoin Sees Surge In Buying Interest Amid Volatile Market Movements
Bitcoin’s second dip below $67,000 on Thursday triggered the second largest spike in crowd buying interest over the past two months. This surge reflects the Fear of Missing Out (FOMO) and greed that traders experience in volatile markets. There are two primary ways FOMO and greed manifest in Bitcoin trading: 1. Price Surges: Traders rush … Read more
Bitcoin ETFs sucked up 2 months of BTC mining supply last week
In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May. Go to Source
Bitcoin’s Momentum Builds: Market Conditions Ripe For A Breakout
Bitcoin’s daily transaction volumes have surged past $70.9 billion, signaling heightened market activity. The In/Out of the Money Around Price (IOMAP) indicator suggests that there is minimal resistance up to the $73,000 level, hinting at the potential for Bitcoin to rise further. Daily transaction volumes in $BTC have reached over $70.9 billion, pointing to increased … Read more
Ethereum ETF launch date depends on issuers, not SEC: Gensler
“It’s really up to them how responsive they are,” said SEC Chair Gary Gensler. Go to Source
Will Bitcoin fall below $70K after $2.2B options expiry?
The inflows from the United States spot Bitcoin ETFs could help Bitcoin absorb the selling pressure from Friday’s option expiry. Go to Source
Speculative Activity Resurges In Bitcoin Market
After months of stagnation and sideways price movement, Bitcoin is starting to show signs of speculative activity once again. This renewed interest comes on the heels of a false alarm concerning the distribution of Mt. Gox supply, providing a useful lens for analyzing market reactions using on-chain data. After months of apathy and sideways price … Read more
