Ether may be heading for an unstable period in the near term, as the cost of borrowing wrapped Ether has spiked and technical indicators point to overvaluation, according to a crypto analyst. “We believe Ethereum is looking vulnerable in the near term,” 10x Research head of research Markus Thielen told Cointelegraph on Wednesday. “The market…
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Sticking to historical crypto cycle patterns could still pay off for retail traders, despite the increasing influence of institutional investors, says a crypto executive. “If you’re analytical, follow the patterns, and take an emotionless approach, you’re going to do well in the crypto space,” Australian crypto exchange Coinstash co-founder Mena Theodorou told Cointelegraph on Tuesday.…
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Bitcoin is unlikely to reach $200,000 this year as buying volume isn’t increasing enough to keep pushing the price higher, according to a crypto analyst. It comes after several industry executives have recently speculated that Bitcoin (BTC) will soon hit $200,000. “How on earth can we be going up when there is no volume?” Glassnode…
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Cardano founder Charles Hoskinson says he has requested further transparency on the initial audit of his firm Input Output Global’s (IOG) ADA holdings, but anticipates it will be ready for public release within a month. “I just received the first copy of the audit report. I requested a lot more detail and context in several…
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Nearly half of all crypto-related mentions on social media this week centered around Bitcoin as it hit new highs, a level of dominance that may signal a local top and a potential short-term pullback, according to sentiment platform Santiment. “As Bitcoin’s market value crept above $123.1K for the first time in its 17+ year history,…
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Top Stories of The Week Crypto execs center stage as Trump signs stablecoin bill into law US President Donald Trump signed one of the first bills related to crypto and blockchain of his administration into law on Friday after delays due to debates in the House of Representatives and Senate. In a Friday signing ceremony…
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Jack Dorsey’s financial services company, Block, Inc., surged almost 9% in after-hours trading on Friday following the news that it will be added to the S&P 500, the benchmark index of the 500 largest US companies by market capitalization. Block will replace US energy company Hess Corp on the S&P 500 before trading commences on…
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Bitcoin could be in for a brief consolidation phase after its recent surge to new all-time highs — but another leg up before the end of July isn’t off the table, according to Galaxy Digital’s head of franchise trading, Michael Harvey. “Consolidation around current prices is my base case given the large rally and new…
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Prominent Bitcoin podcaster and Real Bedford FC owner Peter McCormack claims he can tackle Bedford’s rising crime rate better than the local police force, taking on a role some might liken to a real-life Batman. “As I promised, if the police won’t keep the town safe for our women and children, I will,” McCormack said…
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Michael Saylor’s Strategy (MSTR) closed the trading day on Wednesday at its highest ever market capitalization, as Bitcoin continues to float near record highs. “MSTR just closed at an all-time high market cap,” Saylor said in an X post on Wednesday. MSTR’s price “gearing up” for new highs It comes as MSTR’s stock price has…
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