Bitcoin (BTC) rose above $70,000 at the Wall Street open on June 3, following its previous daily close.BTC/USD 1-hour chart. Source: TradingViewBTC Price: Key Resistance Hurdle Remains at $69,000.Data from Cointelegraph Markets Pro and TradingView shows that BTC price will rise by almost 4% on this day.Bulls began the week with a fresh bid to bring Bitcoin back to firm support at $69,000, its 2021 all-time high and key psychological level.Renowned trader Skew, analyzing the current situation in exchange order books, pointed out that a price premium exists in perpetual swaps.“Spot market is still under control, so watch out around…
Author: Crypto Flexs
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ETH/BTC recovered higher as analysts predicted an alt season is possible. However, altcoin markets may not rise uniformly, with varying performance. Altcoin Season phone call It has increased a lot recently, Ethereum (ETH) Demand for ETFs has intensified. The rise of ETH, the altcoin market leader, represents a barometer of altcoin season according to most analysts. According to anonymous cryptocurrency analyst Crypto Nova, the ETH/BTC ratio is To explode And altcoins will rally. “When ETH/BTC always goes up, so does the entire altcoin market. And it looks like it will happen soon.’ Another analyst, Michael van de Poppe, said: echoed…
Solana is up 0.23% in the last 24 hours as of this writing. This brings the token value to $165.44, an increase of 0.04% over the last 7 days. SOL has a bearish short-term sentiment, roughly similar to Bitcoin (BTC) and Ethereum (ETH). Previously, it was predicted that it would test resistance at $166. If it falls below that value, it will experience more downside. SOL did that and it is now safe to assume that SOL could fall a little further, perhaps to $160. Another theory is that SOL will test lower resistance so it will bounce and take…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Dormant Shiba Inu whales sell 48.09 billion SHIB. Meanwhile, 5thScape’s presale raised $6.1 million, signaling strong investor confidence and promising prospects. In a notable market event, the Shiba Inu (SHIB) whale wallet, which had been dormant for over three years, sold its entire holding of 48.09 billion SHIB on May 27. In 2021, it achieved an impressive 419x return, which culminated in the sale of about 278.7 ETH, or about $1.1 million worth. The sell-off occurred during a recent…
Coinbase donated $25 million to Fairshake, a pro-crypto federal political action committee, to boost pro-crypto candidates in this year’s election.“We, along with others in the industry, have funded Fairshake SuperPAC to help elect cryptocurrency advocates and protect the rights of our customers,” Coinbase said.Coinbase’s goal is to ensure regulatory clarity for cryptocurrencies, the exchange said in a blog post Monday. Due to the slow-moving and hyper-partisan nature of American politics, Coinbase concluded that the best way to achieve regulatory clarity is to “elect pro-cryptocurrency candidates on both sides of the aisle and vote anti-crypto candidates out of office.”Coinbase also noted…
Another day, another farm-themed slot. Because obviously we haven’t perfected this genre yet. But here we have Fabulous Farm Slot. Because obviously, plain old farming isn’t all that great. I mean, who knew? Gum boots covered in cow dung have always sounded pretty attractive to me. But what do I know? Thankfully, we’re not about giving birth to sheep or finding crop circles in this game. We’re just spinning the reels to win a fortune of up to $225,000. Between magical animals and cool game features! Does this sound like fun? I think there’s something about the purple cow To…
Memcoin, which debuted three months ago, currently boasts a market capitalization of over $1 billion. This rapid rise is notable compared to other popular memecoins. Dogecoin (DOGE), for example, took several years to achieve the same goal. BRETT is an original character from the Boy’s Club series created by Matt Furie, who created the famous cartoon that inspired the popular Pepe meme and the PEPE meme coin. “This isn’t even a pre-game warm-up. We’re still in Brett’s pregame locker room,” said BRETT trader Crash. Investment inflows into BRETT indicate ongoing and significant interest in the Memecoin market as a whole.…
Since the introduction of cryptocurrency-related spot exchange-traded funds (ETFs) in the United States, the supply of Bitcoin and Ethereum on centralized exchanges has reached record lows.Bitcoin balances on exchanges fell to 11.6%, the lowest since December 2017, according to Glassnode data. Ethereum balances are even lower at 10.6%, the lowest since October 2015.Spot ETFs trigger withdrawals.Market experts explained that the decline in foreign exchange balances coincides with the Securities and Exchange Commission’s (SEC) approval of an ETF product for Bitcoin and the filing of a 19-b filing for Ethereum.Spot Bitcoin ETFs have amassed 857,700 BTC (equivalent to $58.5 billion) in…
Bitfarms Ltd. (NASDAQ/TSX: BITF), a leading global Bitcoin (BTC) mining company, has announced its May 2024 production and operations update. Install hashrate and improve energy efficiency. Production and Expansion Highlights In May 2024, Bitfarms acquired 156 BTC, a significant decrease from the 269 BTC mined in April. This decline is due to lower block rewards due to April’s halving event and reduced operations due to extreme cold weather in Argentina. The company also reported that the installed hash rate has increased significantly, reaching 9.5EH/s, with 7.5EH/s now operational. This represents a 31% improvement in energy…
Bitcoin (BTC) is still trading sideways, but it is a positive sign that investors have continued to buy spot Bitcoin exchange-traded funds. Farside Investors data shows net positive inflows into ETFs over the past 11 days. CoinShares data shows that Bitcoin investment products saw inflows of more than $1 billion last week. Along with institutional investors, whales also appear to be accumulating Bitcoin. Long-term investors “have begun to re-accumulate coins for the first time since December 2023,” Glassnode analysts said in The Week On-chain report.Daily view of cryptocurrency market data. source: Coin360More than 600 U.S. investment firms have invested in…