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Bitcoin pre-halving correction narrative strengthens as BTC falls below $62K
“Everyone who wanted to buy into the halving mostly has,” said Capriole Fund founder Charles Edwards.
Cointelegraph·2024/03/20 04:59
Tether issues an additional 1 billion USDT (authorized but not yet issued)
Bitget·2024/03/20 02:30
SEC pushes Hashdex, ARK 21Shares Ether ETFs as approval hope dwindles
The SEC has continued to push back its decision on spot Ether ETFs while analysts have turned more pessimistic on approvals.
Cointelegraph·2024/03/20 00:38
Immutable, Polygon’s new $100M fund to throw cash at Pixelmon, among others
Cointelegraph·2024/03/19 23:37
Following Fidelity's lead, Grayscale looks to add staking for its proposed Ethereum ETF
Quick Take Grayscale proposed to investors on Tuesday in a “consent solicitation statement” four items, including a creation and redemption process involving cash and the ability to stake Ethereum through the trust. Though the SEC approved spot bitcoin ETFs in January, the road to approval for Ethereum product doesn’t seem likely.
The Block·2024/03/19 22:37
BlackRock begins asset tokenization with launch of digital liquidity fund
Cointelegraph·2024/03/19 21:52
Meme Coin Madness: This Trader Made Over $3 Million in Less Than Three Days
The latest Solana-based meme coin – Slerf (SLERF) – was one of the assets the trader dealt with.
Cryptopotato·2024/03/19 20:37
Ethereum price drops 20% in a week, but investors are still bullish
ETH price fell by 20% in the past week, but futures data shows investors still believe in the bull trend.
Cointelegraph·2024/03/19 19:21
What Does Bitcoin's Upcoming Halving Mean for Its Future Value?
Cryptodaily·2024/03/19 18:37
Flash
08:49
Analysis: Bitcoin is still in the typical "Four-Year Cycle," with $53,000 likely to be a key support levelBlockBeats News, June 10th, Trader Bob Loukas stated that Bitcoin is still in a "very standard four-year cycle," and the current price trend is not significantly different from the previous cycle. Many people have said "this time is different," but he believes that this Bitcoin cycle still follows the typical four-year cycle framework. He pointed out that the current cycle has entered the 44th week, and the cycle's low point window usually occurs around 10% of the time around the 46th week.
Loukas mentioned that the midpoint of the past four-year cycle was around $53,000, which could become a significant support and resistance level and a potential buying opportunity near the bear market low. He also stated that the Bitcoin price may re-enter a price discovery phase in 2028.
In its latest market report on Monday, QCP Capital stated that BTC is currently within a narrow psychological range, with buying interest near $60,000, but the options market is still defensively positioned, and macro risks continue to impact market sentiment.
08:39
Analyst: Bitcoin Whale Absorbed Market Panic Selling at $60,000, Potentially Forming Key Support LevelBlockBeats News, June 10th, CryptoQuant analyst Woominkyu stated in a post that during BTC's fall to $60,000, retail investors panicked, but on-chain data showed that "smart money" was buying the dip.
Woominkyu explained that on June 2nd and 3rd, dormant wallets moved a significant amount of BTC to exchanges, causing BTC's price to drop from $71,000. When BTC fell to the $60,000 to $61,000 range, the whale ratio on exchanges rose to 61.6%, indicating whale-dominated buying activity that absorbed market panic selling. In the past 5 days, whales withdrew 11,422 BTC from exchanges, valued at around $700 million, and transferred them to cold storage, leading to significant net outflows from exchanges.
Woominkyu believes that the transfer of chips from weak hands to strong hands has been completed, and after more than 11,000 BTC were removed from the market, the $60,000 to $61,000 range has formed a key support before the next leg up.
08:12
US Semiconductor Stocks Extend Pre-market Decline, ARM Falls Over 4%BlockBeats News, June 10th, according to Bitget data, pre-market trading of US semiconductor stocks continued to fall. ARM dropped over 4%, Micron Technology dropped over 3%, Marvell Technology dropped nearly 3%, Intel and AMD dropped over 2%, Broadcom dropped nearly 2%, NVIDIA and TSMC dropped over 1%.
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