Bitcoin has gained 6.5% after defending the $26,300 level following a momentary retest of the $25,000 support on June 15. However, the cryptocurrency has declined by 12.7% in the last two months, leading to a slightly bearish sentiment among investors. The dismissal of Binance.US’s temporary restraining order by Judge Amy Berman Jackson of the United
Analysis
Bitcoin, the world’s largest cryptocurrency, has seen its value drop by nearly 15% from its yearly high of around $31,000 due to regulatory crackdowns on Coinbase and Binance and the Federal Reserve’s hawkish forward guidance. Despite this, Bitcoin (BTC) is up 60% year-to-date and has held above a technical support level of $25,000. There are
Curve DAO’s governance token CRV dropped 12% on June 15 after reports surfaced of its founder, Michael Egorov, taking risky loans on Aave. According to LookOnChain, Egorov deposited 431 million CRV, worth around $246 million, across multiple decentralized lending protocols and borrowed $101.5 million of stablecoins on multiple platforms. The deposits by Egorov account for
Many Bitcoin users consider whether it is better to mine or buy Bitcoin directly. However, the cost and rigor of running ASIC miners, regulatory uncertainty, and the lack of technical expertise often deter people from mining. While mining can provide full autonomy over operations and diversification of crypto investments via physical hardware, it is a
Bitcoin (BTC) is moving towards a vital area following the Wall Street open on June 16 as the recovery from three-month lows continues. The data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $26,000 on Bitstamp. The BTC price built on an overnight rebound from its lowest levels since early March amid ongoing regulatory
Despite the consistent downturn of the Arbitrum governance token ARB since its airdrop in March, its ecosystem shows healthy growth. A recent report by Nansen reveals that the activity on Arbitrum improved after the airdrop, stabilizing at a higher level than before. The daily active users, gas fees, and transaction count have maintained higher levels
Between June 14 and June 15, Ether’s price fell by 7%, reaching its lowest level in three months. This decline impacted investors’ view that the altcoin was en route to turning $2,000 to support. It’s important to note that the $1,620 bottom represents a $196 billion market capitalization for Ether (ETH), which is higher than
Bitcoin’s price has remained steady within a narrow 3.4% range for the past three days after defending the $25,500 support on June 10. However, investors’ attention has shifted to the macroeconomic area as the United States Federal Reserve is set to announce its interest rate decision on June 14. Despite cryptocurrencies’ independence from traditional finance
Bitcoin’s dominance in the cryptocurrency market has increased to almost 50% following the recent altcoin market slump. The Bitcoin Dominance Index (BTC.D), which tracks Bitcoin’s weight against other cryptocurrencies, reached 49.29% on June 13, slightly down from its two-year peak of 49.66% earlier in the week. The surge in Bitcoin’s dominance follows the United States’
On June 12, Bitcoin (BTC) remained stable despite a brief macroeconomic data jolt, with the cryptocurrency circling around $26,000 and avoiding significant volatility. The latest United States Consumer Price Index (CPI) print came in lower than expected, causing a brief spike towards $26,500. While this was seen as a boon to risk assets, crypto markets