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BTC and ETH outperformed the S&P 500 in the just-concluded week. A break through the $69,055 resistance could send BTC toward $72,000. ETH’s buying momentum stalled but bullish dominance could drive the price to $4,200.
Bitcoin addresses holding at least 1,000 BTC is climbing again despite BTC price reaching over $70,000 for the first time.
The Grayscale fund has averaged daily net outflows of about $338 million this week, BitMEX Research data shows
Ether, while still about 20% away from an all-time high, has been accelerating in recent days, relative to bitcoin
Fundstrat’s Tom Lee predicted Bitcoin prices will swell to $150,000 by year’s end on CNBC this week. Moreover, the Bitcoin bull said it’s because of the cryptocurrency’s appeal to Millennials and Gen Z.
SHIB marketer supports the founder in the ongoing SHIB burn debate. Shiba Inu has burnt no tokens since January, after burning for only three months. SHIB community members are asking the project’s developers to do something about the suspended SHIB burn.
This week’s Crypto Biz covers MicroStrategy’s debt issuance to buy Bitcoin, the SEC’s delay on Ether ETFs, Fantom’s request for Multichain’s liquidation and more.
ETH price set a new multi-year high at $4,000 right as Bitcoin price hit a new all-time high.