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Options data points to a quiet summer ahead for crypto market, says QCP Capital
Options data points to a quiet summer ahead for crypto market, says QCP Capital

Analysts from QCP Capital predict a summer lull in the crypto market, anticipating lower trading volatility for bitcoin based on options data.The analysts added that ether options are currently exhibiting higher implied volatility compared to bitcoin options.

The Block·2024/06/14 11:34
Upcoming Opportunities in the Crypto Market: When and Why (Analysis)
Upcoming Opportunities in the Crypto Market: When and Why (Analysis)

This week’s crypto market correction has taken a heavy toll on altcoins while Bitcoin and Ethereum remain in consolidation. It could be a while yet before altseason, according to analysts.

Cryptopotato·2024/06/14 10:34
Bitcoin falls with equities as markets position for a single Fed rate cut this year
Bitcoin falls with equities as markets position for a single Fed rate cut this year

Market realignment for a single U.S. Federal Reserve rate cut this year has dragged bitcoin and equities lower.However, after a recent rate cut by the Bank of Canada and the European Central Bank, the market expects the Federal Reserve and the Bank of England to follow suit in coming months, analysts said.

The Block·2024/06/14 10:22
Crypto investments exceeded $1 billion in May: Report
Crypto investments exceeded $1 billion in May: Report

Share link:In this post: KuCoin Research reported that the crypto market saw over $1 billion in investments in May, a 10.61% increase from May 2023 but a 6.4% decrease from April. The SEC’s approval of a Spot Ethereum ETF and strong U.S. stock market performance boosted crypto market confidence and capital inflows. Stablecoin market activity varied, with USDe reaching new highs while USDC and FDUSD issuance declined.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liab

Cryptopolitan·2024/06/14 09:52
Bernstein analysts raise bitcoin price target to $200,000 by end of 2025
Bernstein analysts raise bitcoin price target to $200,000 by end of 2025

Bernstein analysts have raised their price target for bitcoin to $200,000 from $150,000 by the end of 2025.The analysts also initiated coverage on MicroStrategy stock with an outperform rating, targeting a price of $2,890.

The Block·2024/06/14 09:43
Flash
10:58
Analysis: On-chain data did not show large-scale selling by investors of cryptocurrency assets to participate in the SpaceX IPO
BlockBeats News, June 6th, despite market speculation that some retail investors may sell Bitcoin to participate in SpaceX's record-breaking $75 billion IPO, stablecoin flows and on-chain data show that there is currently no sign of large-scale fund outflows from the crypto market. The SpaceX IPO is valued at approximately $1.8 trillion, with up to 30% of the shares allocated to retail investors through platforms such as an exchange, significantly higher than the typical 10% allocation to individual investors in traditional IPOs. Following the start of the roadshow, the demand for subscriptions has exceeded the issuance size. Data shows that the outflows of USDT and USDC remain within normal ranges since February, with no signs of abnormal redemptions or supply contraction. On the contrary, on June 6th, around 66,470 BTC and 2.49 million ETH were net outflows from exchanges, indicating that more investors are moving assets to private wallets, showing a buy-the-dip signal rather than a mass cash-out. However, on-chain data cannot reflect the trading activity of users within platforms such as an exchange, so it is still necessary to wait for relevant brokerages to release data to determine if any crypto investors have sold assets to subscribe to SpaceX shares. The most significant outflows of funds currently come from spot ETFs. Data shows that as of June 3rd, the US Bitcoin spot ETF has seen net outflows for 13 consecutive trading days, totaling around $4.4 billion in redemptions; the Ethereum spot ETF has experienced fund outflows for 17 consecutive trading days before returning to a slight net inflow. According to the plan, SpaceX is set to complete pricing on June 11th and will debut on the Nasdaq on June 12th under the stock ticker symbol SPCX.
10:15
New Stock Guru Serenity: JPMorgan Significantly Increases SIVE Holdings After Retail Investor Shakeout
On June 6, 'New Stock Guru' Serenity posted on platform X that after a significant number of retail investors were shaken out of their positions, JPMorgan Chase took the opportunity to substantially increase its holdings in Sivers. This increase primarily came from institutional funds, with JPMorgan's stake in Sivers rising rapidly from 0.4% last month to over 5% this month. Serenity added that it had been emphasizing the importance of Sivers (SIVE) to the Co-Packaged Optics (CPO) supply chain to retail investors and Swedish hedge funds, but the market had not fully appreciated this perspective.
08:37
WLD plummeted over 20% at one point, with a market capitalization dropping to $2.247 billion
BlockBeats News, June 6th, according to an exchange market data, WLD once fell by over 20%, currently trading at $0.4319, with a market cap of $2.247 billion. Arthur Hayes stated today that he has liquidated all his holdings of Worldcoin (WLD), diverging from his public commitment to holding WLD less than a day ago. Hayes views WLD as a liquidity proxy asset for AI-themed trading. He believes that as SpaceX puts more emphasis on AI and connectivity businesses, a strong performance at its listing will drive the entire AI and tech sector, with WLD serving as a substitute for retail investors who find it challenging to directly participate in SpaceX equity trading. However, SpaceX's stock has recently seen a significant drop in its pre-IPO price in the private market. Data indicates that the SpaceX pre-IPO price on Hyperliquid has fallen by over 50% in recent days, diminishing the appeal of AI concept trading and prompting Hayes to change his stance and exit WLD. Over the past month, WLD had defied the trend with an approximately 70% increase, but with the recent pullback, its one-month gain has narrowed to around 45%.
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