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“# Polkadot (DOT) and Kusama (KSM) skyrocket in price after attracting $30M in funding ” Polkadot (DOT) and Kusama (KSM) rose in tandem on June 3 as traders assessed a venture capital firm’s major investment into their blockchain ecosystems. Dubbed as Master Ventures, an Asian blockchain incubator and venture capitalist announced that it had launched…
“# Why is Wall Street becoming less interested in Grayscale’s Bitcoin Trust? ” There is a reason why Grayscale Bitcoin Trust (GBTC) emerged as a benchmark to measure institutional interest in Bitcoin (BTC). Grayscale no longer the only option for investors The digital currency investment product was among the only ones that offered hedge funds,…
“# Classic technical indicator foresees another massive Bitcoin price drop with $16K target ” Bitcoin (BTC) has rebounded by more than 25% after bottoming out at $30,000 during the May 19 crash. But the cryptocurrency continues to tread ahead under the possibility of facing another period of strong sell-offs owing to a classic technical…
“# Dogecoin gets back to pre-crash prices as $16M in DOGE shorts get liquidated ” Dogecoin (DOGE) prices jumped by nearly 40% on a 24-hour adjusted timeframe on June 2, shaking out more than $16 million worth of bearish leverage in just one hour while almost reclaiming its pre-crash high. Dogecoin derivatives market records massive…
“# 3 potential bullish catalysts for Ethereum price in June ” As of June 1, Ether (ETH) has dipped by more than 40% after establishing a record high of $4,384 in May. The major move downhill in the world’s second-largest cryptocurrency by market cap has prompted many analysts to predict additional declines. For instance, Clem…
“# Veteran trader Peter Brandt sees Bitcoin crashing further after May’s 50% drop ” Bitcoin (BTC) faces the prospects of falling further even after its price made a strong recovery after crashing from $65,000 to $30,000 in May 2021. So, it reflects in the latest statements from Peter Brandt, chief executive of global trading firm…
“# Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders ” Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial ‘line in the sand’, but the rally was short-lived as BTC met selling near the lower arm of the bearish pennant that…
“# Bitcoin accumulation uptrend can create a 2013-style BTC price ‘double pump’ ” A recent run-down in Bitcoin (BTC) price from about $65,000 to as low as $30,000 did not force long-term holders into selling, Glassnode data shows. The on-chain analytics platform revealed a spike in Bitcoin reserves held in wallets with lower unspent output…
“# Analyst says reclaiming $37,500 is Bitcoin’s crucial ‘line in the sand’ ” Bitcoin (BTC) price continues to limp lower as traders in the U.S. hit the BBQ to enjoy the upcoming Memorial Day holiday on May 31 and regulated futures and options markets like the CME are closed through the weekend. Data from Cointelegraph…
“# Bitcoin can still drop to $20K but holding remains winning strategy, data shows ” Unloading Bitcoin (BTC) spot positions when it starts crashing violently upon forming its all-time highs is a bad investment call, at least according to its historical price action. The flagship cryptocurrency’s eleven-year lifetime has seen it undergoing many bullish and…