Crypto market interest is slowly moving from Bitcoin to Ether, but most investors are unlikely to notice this due to fear of past market downturns, a crypto analyst says. “The markets aren’t entirely Bitcoin focused; as a matter of fact, it is shifting toward Ethereum,” said MN Trading Capital founder Michaël van de Poppe in…
Read more
Coinbase and Circle shares surged Wednesday after US lawmakers signaled support for clearer stablecoin regulation by pushing through the GENIUS Act for House approval. On Wednesday, Coinbase (COIN), listed on the Nasdaq, closed the trading day up 16.32% to $295.29, while Circle (CRCL), listed on the NYSE, rose 33.82% to close at $199.59, according to…
Read more
Bitcoin and the broader crypto market tumbled after US President Donald Trump sparked macroeconomic uncertainty with his remarks threatening Iran’s supreme leader, Ayatollah Ali Khamenei. “We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target, but is safe there — We are not going to take him out (kill!), at…
Read more
Bitcoin is still at risk of falling further, and it must hold above $102,000 to stay on track for a potential rebound, crypto analysts say. Bitfinex analysts said in a markets report on Tuesday that if Bitcoin (BTC) “can hold above the $102,000 – $103,000 region for a sustained period, it would suggest that the…
Read more
The Crypto Fear & Greed Index, which tracks overall crypto market sentiment, has remained in the “greed” zone despite rising geopolitical tensions after Israel launched a series of airstrikes on Iran. The Index posted a score of 60 in its Sunday update, maintaining its position in the greed territory despite Bitcoin (BTC) falling 2.8% to…
Read more
Trump Media and Technology Group (TMTG), the company that owns US President Donald Trump’s Truth Social platform and is partially owned by the president, has received approval from the US Securities and Exchange Commission (SEC) for its registration statement tied to its $2.3 billion Bitcoin treasury deal. According to a June 13 SEC filing, the…
Read more
Bitcoin has tumbled closer to the psychologically important $100,000 price level, dashing traders’ hopes of a new all-time high after Israel launched a series of airstrikes on Iran. Explosions reportedly rocked Iran’s capital of Tehran at 22:50 UTC on Thursday before Israel claimed responsibility for the attacks, which saw Bitcoin (BTC) drop 2.8% from $106,042…
Read more
Crypto analysts are skeptical of veteran trader Peter Brandt’s recent speculation on X that Bitcoin could repeat its 2022 pattern and correct by 75%. “Never say never; it just feels very unlikely at the moment,” Swyftx lead analyst Pav Hundal told Cointelegraph. Peter Brandt says it “doesn’t hurt to ask” It comes after Brandt’s recent…
Read more
Bitcoin sell pressure will have evaporated once it crosses the $130,000 mark, according to Bitwise CEO Hunter Horsley. “I think once Bitcoin breaks through, e.g., $130-150k, no one is going to sell their Bitcoin,” Bitwise CEO Hunter Horsley said in an X post on Wednesday. Galaxy Digital founder Mike Novogratz recently said the price range…
Read more
The market’s expectation of Bitcoin surging to new highs could prevent it from happening in the near term, but that doesn’t rule out the possibility of Ether surprising investors, analysts say. Santiment analyst Brian Quinlivan told Cointelegraph on Wednesday that the analytics firm is “seeing an anticipation for Bitcoin’s next ‘all-time high’ across social media.…
Read more