Author: CryptoHoppers
Bitcoin has dropped to as low as $58,000 in the last 24 hours, having failed to once again hold above the crucial support at $60,000. Different analysts have suggested that the CME gap caused this price decline and that BTC could enjoy a relief bounce going forward. The CME Gap Caused Bitcoin To Decline Below $60,000 Crypto analyst Daan Crypto hinted in an X (formerly Twitter) post that Bitcoin experienced this recent price decline to close the CME gap around the $60,000 range. The CME gap is the difference between BTC’s price on the Chicago Mercantile Exchange (CME) futures market…
Flare, a Blockchain that is data-driven, has formed a partnership with LayerZero, a system that facilitates cross-chain communications, to distribute decentralized data across 75 Blockchains. This encompasses Ethereum and Solana. This will enable users to employ the accessible data on 50,000 dApps belonging to Flare, which are spread across a diverse ecosystem. According to Flare Network CEO Hugo Philion, this is an absolute landmark move that will have an extremely positive impact on every user, as well as the Flare developers. He also stated that the placement of LayerZero V2 will serve as a catalyst for the advancement of Flare,…
Key Takeaways Bitcoin is nearing a 26% pullback in 46 days, its deepest retrace of the current cycle. A weekly close above $60,600 is crucial for Bitcoin to maintain its current accumulation range. Share this article Bitcoin (BTC) is currently in its deepest retrace of the current cycle, nearing a 26% pullback in 46 days. According to a recent video by the trader identified as Rekt Capital, the $58,000 price area might be volatile all quarter, serving as a baseline for BTC to take off into an upward movement. “We are still trying to hammer that base out. We are…
Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called for the resignation or interrogation of ANDE’s President Felix Sosa on this matter. Senator States National […] Source link
As Bitcoin plunged below the $57,000 mark, concerns surged among investors about potential market volatility and its impact on miners. On Thursday morning, speculators continued their selling pressure, forcing Bitcoin (BTC) to dip below $57,000 for the first time since February. As of press time, Bitcoin rebounded above the $57,000 mark, but its previous quick plunge might signal weakness, potentially impacting sentiment among retail traders. Bitcoin daily price in USD | Source: crypto.news Blockchain research firm CryptoQuant noted that crypto beginners — who bought BTC over the past six to three months — have started moving their coins amid the…
Key Takeaways Mt Gox has moved 47,229 BTC ahead of a $9 billion payout to creditors. The transaction could influence market dynamics due to increased supply. Share this article Mt. Gox, the defunct Bitcoin exchange, transferred 47,229 BTC, worth around $2.7 billion, to a new wallet as it gears up to distribute $9 billion in Bitcoin, Bitcoin Cash, and fiat to its creditors starting in July, according to data from Arkham Intelligence. Mt. Gox now holds $8.1 billion in Bitcoin.Mt. Gox executes a $2.7 billion Bitcoin transfer to a new walletThe latest transfer follows a number of small ones made…
Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative and remarked on the function of stablecoins as […] Source link
What’s the buzz around decentralized prediction markets for the 2024 elections? See how you can predict the next president and cash in on your insights. Ever wondered if you could predict the outcome of an event and profit from your foresight? Decentralized prediction markets make that possibility a reality. Recently, these markets have seen explosive growth, particularly with the 2024 U.S. presidential elections approaching. Polymarket, a leading crypto-based prediction market platform, has experienced a dramatic surge in activity. According to Dune Analytics, Polymarket’s volume surpassed $100 million in June alone, marking a record month in the platform’s breakout year. The…
Biden and Trump’s crypto stances in the first presidential debate of 2024 could sway voters. TREMP and BODEN memecoins saw fluctuations. On the 27th of June, President Joe Biden and former President Donald Trump will face off in the first presidential debate of the 2024 election. Hosted by CNN, this debate marks their first joint appearance on a debate stage since 2020. Given that both candidates have contrasting approaches to cryptocurrency, this debate might also serve as a platform for them to express their actual views on the subject. This could significantly influence the decisions of the crypto voters in…
Key Takeaways Bitcoin dropped 2.7% after Fed Chair Powell’s remarks on maintaining higher interest rates. Crypto markets face potential volatility due to Fed’s cautious approach to rate cuts. Share this article The Fed’s Chairman Jerome Powell spoke at Sintra yesterday and doubled down on his moderate tone shown recently. Powell reinforced that the Fed needs to be more confident before cutting interest rates, highlighted that a 4% unemployment rate is “still very low,” the return of disinflation, and that he doesn’t see 2% inflation this year or the next.As a result, Bitcoin (BTC) registered a 2.7% pullback in the past…