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“# Price analysis 6/2: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH ” Bitcoin’s (BTC) active supply — coins that have moved in the past two years or earlier — dropped to a five-month low of 44.5% on June 2, according to data from Glassnode. This indicates that investors who had purchased Bitcoin…
“# 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…
“# Bitcoin hits $38K as BTC price breaks above ‘line in the sand’ resistance ” Bitcoin (BTC) hit $38,000 on June 2 as a long-awaited bout of volatility saw a critical bull level return. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader has “strong belief” in upside incoming Data from Cointelegraph Markets Pro and TradingView showed…
“# Standard Chartered plans European crypto exchange after HSBC says ‘no’ to industry ” United Kingdom based multinational banking and financial services company Standard Chartered (StanChart) is launching a cryptocurrency exchange, reports say. According to Reuters on June 2, StanChart has partnered with Hong Kong exchange owner BC Technology Group to launch a platform for…
“# Pre-2019 Bitcoins now make up just 44% of the BTC active supply ” Bitcoin (BTC) is less active than at any time this year, new data shows as traders stubbornly refuse to sell. One metric from on-chain monitoring resource Glassnode reveals that the Bitcoin supply is becoming less and less available despite lower prices….
“# Bitcoin is risky digital ‘copper’, it’s not gold — Goldman Sachs commodities boss ” Jeff Currie, the global head of commodities research at Goldman Sachs, has dismissed comparisons between Bitcoin and gold as an inflation hedge, and described BTC as more akin to a “risk-on” asset like copper. Speaking on CNBC’s Squawk Box Europe…
“# Popular Bitcoin ETP set to debut in UK ” Cryptocurrency investment manager ETC Group is expanding its Bitcoin (BTC) exchange-traded product offering in the United Kingdom after harnessing Swiss market rules to bypass more stringent British regulations. The ETC Group Physical Bitcoin ETP, which trades under the ticker symbol BTCE, will begin trading on…
“# Bitcoin price D-Day starts ‘any moment,’ says trader, as BTC reclaims key level ” Bitcoin (BTC) is nearing the end of a consolidation period, which traders are betting will spark a fresh bullish breakout. In a tweet on Tuesday, popular trader Crypto Ed became the latest voice in the expanding bullish movement calling time…
“# Bitcoin price crash isn’t over, says JPMorgan strategist ” Following the worst May for Bitcoin’s (BTC) price in the past 10 years, the largest cryptocurrency is likely to continue falling in the short term, according to JPMorgan analysts. Weakened institutional demand is likely to drag the Bitcoin price below $30,000, JPMorgan strategist and Bitcoin…
“# Bitcoin price bull run ‘starting to look like 2013’ after record red monthly candle ” Bitcoin (BTC) may have just had its worst monthly candle in ten years, but it could yet surge to new all-time highs this year, says popular analyst PlanB. In a tweet on June 1, the creator of the stock-to-flow-based…