Bitcoin price above $72,000 would liquidate $800 million worth of leveraged shorts, making it a significant resistance level for BTC. If the price of Bitcoin reaches $72,000, it would act as a “fuse,” triggering the breakthrough of the $75,000 psychological barrier. Bitcoin hitting $72,000 would spark a wave of mass liquidations, paving the way to new…
Read more
The number of daily active users in Ethereum and top layer 2s has rocketed in recent years, and VanEck analysts say this growth will continue. There are almost nine times as many daily active users in the Ethereum ecosystem as there were just four years ago — and analysts say the increasing demand is set…
Read more
Bitcoin market commentators are increasingly confident that BTC price action is building a breakout, which will make history. Bitcoin heads into June in fighting form as an early push puts key resistance back in play. Bitcoin price momentum is targeting $69,000 as TradFi markets return to the scene — will this week finally see a breakout? This…
Read more
Bitcoin’s average price across 5-day, 30-day, and 50-day periods are almost the same, indicating low volatility and raising the chances of a price breakout in either direction. Bitcoin may soon find itself at a critical price crossroads as its average price across three different time frames has now fallen within a tight cluster — signaling a…
Read more
Fidelity’s Bitcoin fund led the pack with $378.7 million in net inflows on the U.S. spot Bitcoin ETFs second-highest joint net inflow day, according to preliminary data. The United States spot Bitcoin exchange-traded funds (ETFs) have seen their second-best-ever joint net inflow day of $886.6 million, according to preliminary data. The Fidelity Wise Origin Bitcoin Fund…
Read more
“The learning phase is over. A new era is coming,” says CryptoQuant CEO Ki Young Ju. Google search interest for the term “onchain” surged to an all-time high in May, according to Google Trends data. Over the past five years, worldwide search interest in the term hovered mostly under 25 out of 100, with a brief spike…
Read more
Bitcoin market commentators are increasingly confident that BTC price action is building a breakout, which will make history. Bitcoin heads into June in fighting form as an early push puts key resistance back in play. Bitcoin price momentum is targeting $69,000 as TradFi markets return to the scene — will this week finally see a breakout? This…
Read more
Coinbase has joined Andreessen Horowitz and Ripple in donating $25 million to the crypto-focused super PAC ahead of the United States elections. Crypto exchange Coinbase says it donated $25 million to crypto-focused super political action committee (PAC) Fairshake as it ramps up lobbying ahead of the November United States elections. In a June 3 blog…
Read more
Stephen Richardson’s view aligns with Bloomberg’s ETF analysts, who expect the spot Ether ETFs to capture 10-20% of the flows that Bitcoin ETFs did at launch. Spot Ether (ETH) exchange-traded funds won’t see the same day-one inflow as spot Bitcoin ETFs did, as the asset’s use cases are far more difficult to value, an industry executive warns. The spot…
Read more
Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years. Over $3 billion worth of Ether has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds (ETFs) in the United States — signaling a potential upcoming supply squeeze. The amount…
Read more
