Bitcoin price falls to 2-month low, but derivatives markets reflect traders’ interest
Bitcoin price is pinned below $60,000, but derivatives and stablecoin data show traders remain optimistic. Go to Source
yield
Auto Added by WPeMatico
Tron network deposits drop to 6-month low as TRX price rallies — Trouble in paradise?
Tron’s total value locked (TVL) plummeted to a six-month low of $7.6 billion as TRX price rallied. Cointelegraph investigates. Go to Source
3 reasons why $65K marks the bottom for Bitcoin
Bitcoin’s resilience amid price drops indicates strengthening support at the $65,000 level. Go to Source
Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD
This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds $3 Billion Launched in February, the synthetic U.S. dollar stablecoin USDE, which offers yield earnings on holdings, has exceeded the $3 billion threshold. As of … Read more
Bitcoin price loses steam, but futures markets forecast upside above $70K
Bitcoin futures and options indicators remain stable even after BTC price swiftly rejected off the $63,500 level. Go to Source
Ethereum price drops to a 7-month low as data points to more downside
Eth price is at risk of trading below a key price support and multiple data point point to a bearish outlook for the altcoin’s price. Go to Source
Do Bitcoin halvings spark BTC price rallies, or is it US Treasurys?
An intriguing chart shows a close relationship between U.S. 10-year Treasurys and Bitcoin halving price rallies. Go to Source
3 reasons why Bitcoin’s price is primed to hold the $30,000 level as support
Bitcoin price has been showing weakness near the $30,000 level, but multiple data points highlight the fact that bears remain at a disadvantage. Go to Source Powered by WPeMatico
US Treasury yields are rising — What does it mean for Bitcoin price?
The 5-year U.S. Treasury yield reached its highest level in 3 months, but the typical inverse correlation-based price action with Bitcoin might not work this time. Go to Source Powered by WPeMatico
Fed pauses interest rates, but Bitcoin options data still points to BTC price downside
Fed Chair Jerome Powell announced a pause in interest rates, but Bitcoin options data still warns that a BTC price drop to $25,000 is possible. Go to Source Powered by WPeMatico