Bitcoin dips below short-term holder realized price, sparking $60K fears – Cointelegraph
Bitcoin (BTC) recently dipped below $64,000, below realizations from short-term holders, suggesting it may fall further to levels not seen in 49 days, according to cryptocurrency analytics firm CryptoQuant. “Bitcoin is trading below the critical support level of $65.8K and is currently below $64K,” CryptoQuant wrote on June 21. post. “A drop below this threshold […]
Bernstein analysts expect $200K Bitcoin price by 2025 due to spot BTC ETF flows – Cointelegraph
Analysts at research and brokerage firm Bernstein predict that Bitcoin (BTC) could hit nearly $200,000 by the end of next year, bolstered by a surge in inflows into a U.S. Bitcoin exchange-traded fund (ETF) since it was approved in January, an upward revision from their previous target of $150,000. The analyst based this prediction on […]
Bitcoin 'Banana Zone' is next if these 3 indicators play out – Cointelegraph
Bitcoin (BTC) could soon enter a euphoric “banana zone” phase that could send prices soaring higher, but crypto analysts say a reversal of three major trends is needed first. “Essentially, this is the boredom zone before the banana zone,” Julian Bittel, head of research at Global Macro Investor (GMI), wrote in a June 18 Xinhua […]
Crypto startup funding eclipses $100B – Cointelegraph
Since the end of May 2014, over $100 billion has been raised for cryptocurrency startups. Looking back, there have been ups and downs amid regulatory uncertainty and market volatility, but the past four years have seen both upper and lower limits raised, even as peaks and troughs continue. data sauce According to a report by […]
Australian securities exchange approves its first spot Bitcoin ETF – Cointelegraph
Australia’s largest stock exchange, the Australian Securities Exchange (ASX), has approved its first spot Bitcoin exchange-traded fund (ETF), which is set to begin trading on June 20. According to a press release shared with Cointelegraph by investment firm VanEck, the company will be launching a spot bitcoin ETF, the VanEck Bitcoin ETF (VBTC). This comes […]
Bitcoin bank proposal gains momentum in El Salvador – Cointelegraph
El Salvador’s pro-Bitcoin President Najib Bukele has proposed establishing a private investment bank in the country that, if approved, would give Bitcoin (BTC) investors access to financial services with fewer regulations compared to traditional banks. “As part of El Salvador’s economic plan, we propose a BPI (Private Investment Bank), which will allow us to diversify […]
Bitcoin volatility hovering within 6% of record low levels – Cointelegraph
Bitcoin prices were largely unchanged in the 15 days leading up to its June 7 crash, near the lowest price ever recorded over an entire 15-day period in Bitcoin’s history. According to Rafa Zagury, chief investment officer at Swan Bitcoin, the period from May 24 to June 7 was in the “bottom 6% of occurrences” […]
Bitcoin just had its best May since 2019 despite 'predatory' 3% BTC price dip – Cointelegraph
Bitcoin (BTC) traded at $67,500 through June 1 as last-minute price movements saw bulls miss their final challenge at a key resistance level. BTC/USD 1-hour chart. Source: TradingView Bitcoin maintains 11% monthly gain Data from Cointelegraph Markets Pro Trading View BTC/USD traded flat at the monthly close after recovering from the weekly lows. These stemmed […]
US President Joe Biden vetoes SAB 121 repeal – Cointelegraph
US President Joe Biden has vetoed a resolution to overturn the US Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) No. 121. The controversial decision drew immediate criticism from the cryptocurrency community. “We are disappointed that the Administration has overruled bipartisan majorities in both houses of Congress who recognized the harm caused by SAB […]
Bitcoin to be worth 100 oz of gold, says veteran trader Peter Brandt – Cointelegraph
Veteran trader Peter Brandt recently released his Bitcoin (BTC) price prediction, claiming that the decentralized digital asset will surge 230% against gold. Brandt argued that the gold-to-BTC ratio will fluctuate over the next 12-18 months, eventually reaching a new high of 100 ounces of gold per BTC. sauce: Peter Brant While it remains to be […]