Key takeaways: Bitcoin rallied above $109,000 as the global money supply reached new highs. BTC open interest rose by 10% amid a strong Coinbase Premium and stable funding rate, pointing to spot demand. Multiple technical indicators suggest a major breakout is underway, with analysts eyeing a $137,000 Bitcoin price. price jumped on Wednesday, rising by…
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Ether price enters the most bullish phase of a powerful trading pattern, but bearish headwinds could stall the rally in the short-term. Key takeaways: Ether’s chart shows a “Power of 3” setup, with a price target above $5,000. Spot ETH ETFs recorded net inflows of 106,000 Ether last week, marking the seventh consecutive week of…
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Crypto ETF summer has arrived with America’s first staked Solana ETP and increased odds for other spot altcoin funds, according to analysts. Analysts covering the crypto exchange-traded fund (ETF) space have tipped a 95% chance for Solana, Litecoin, and XRP ETFs to be approved by the US Securities and Exchange Commission this year. Bloomberg’s ETF…
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Bitcoin’s nearly three-month rally may be losing steam as buying pressure weakens and more traders start taking profits, crypto analysts say. “For the first time in that uptrend, momentum has begun to fade,” Bitfinex analysts said in a markets report on Monday. Since Bitcoin fell to its year-to-date low of $73,273 on April 9, it has surged almost…
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Trump praised Bitcoin and cryptocurrencies in a Friday press conference and said Bitcoin may help relieve pressure on the US dollar. United States President Donald Trump recently touted the positive impacts of Bitcoin on the US economy, including relieving “pressure” from the US dollar during Friday’s White House press conference. The President said that he is a fan…
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Coinbase lands on TIME’s 100 Most Influential Companies list, Vitalik Buterin has introduced a new kind of digital identity system dubbed “pluralistic identity.” Meanwhile,…
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ETF analyst Eric Balchunas says REX Shares’ latest Solana staking ETF filing with the SEC suggests the product is ready launch any day now. ETF provider REX Shares is on the verge of launching the first-ever Solana staking exchange-traded fund (ETF), following what analysts describe as a successful response to feedback from the US Securities…
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Bitcoin bulls appear poised to win the upcoming $20 billion options expiry, raising the chances for a rally to $110,000. Key takeaway: Bitcoin bulls aim to secure the $105K support as $20B in monthly options expire on Friday. Bitcoin traders are closely watching the $20 billion monthly options expiry set for Friday. Although Bitcoin is down…
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Invesco became the ninth bidder for a spot Solana ETF, crypto could soon be assessed for certain home loans in the US and Ethena…
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Macroeconomist Lyn Alden said the US dollar barely “got any flight-to-safety bid” despite recent geopolitical tensions between Iran and Israel. Analysts say the US dollar hasn’t shown its usual safe-haven strength during the recent Iran-Israel conflict, while Bitcoin is rising in another attempt to reach its $111,970 all-time high. “The dollar index is dabbling in…
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