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Price analysis 6/24: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
24.6.2024
Bitcoin price descends to $60,000, but will traders buy the dip in BTC and altcoins?
Why is Bitcoin DeFi blooming? Developers share their insights
24.6.2024
Experts say that the lack of base yield and fragmented liquidity have made Bitcoin DeFi a challenging environment to navigate
Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD
24.6.2024
The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency will be recorded at its acquisition cost for long-term holdings....
Crypto investment products see $584M outflow as Bitcoin descends to $60K
24.6.2024
Apprehension over a delay in interest rate cuts, a strengthening DXY and softness in Bitcoin price back the $584 million outflow in crypto investment products
Bitcoin Threatens $60K on Mt. Gox News, but Sales Could Be Less Than Feared
24.6.2024
Prices are sharply lower on Monday after the trustee for the defunct crypto exchange said it will begin returning more than 140,000 bitcoin to clients whose assets were stolen in a 2014 hack
Analyst Warns of US Banking Sector Troubles, Foresees Stock Market and Bitcoin Slide
24.6.2024
While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests...
4-week correction for Bitcoin? Mt. Gox, Germany gov't add sell-pressure
24.6.2024
Bitcoin price risks a potential fall below $60,000, due to Mt. Gox repayments and Germany's government selling its 50,000 BTC
Riot seeks three Bitfarms board members, says it holds 14.9% stake
24.6.2024
The mining firm said it intended to replace Bitfarms board members — including its interim CEO — with three people “completely independent” of both companies
Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
24.6.2024
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific
Transak and Privado ID Announce Partnership to Enhance Decentralized KYC Procedures
24.6.2024
Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising...
New Meme Coin to Watch: Hype Builds Over PlayDoge as ICO Crosses $5M Milestone
24.6.2024
In a crypto market filled with meme coins, one dog-themed token is turning heads (and filling wallets). PlayDoge (PLAY), the virtual pet sensation, has just passed the $5 million mark in its ICO. And early investors are now wondering if they’ve stumbled on the next big thing in crypto gaming....
Bitcoin Miner Riot Platforms Ditches Bitfarms Takeover Bid, Seeks to Overhaul Board
24.6.2024
Riot is Bitfarms' largest shareholder, owning 14.9% of the firm
Over $122M Bitcoin longs liquidated as BTC falls below $61K
24.6.2024
The incoming selling pressure from the Mt. Gox repayment could still cause the Bitcoin price to fall below the psychological $60,000 mark
Ethereum gas prices and Bitcoin miner revenue near record lows
24.6.2024
Bitcoin mining revenue per hash also witnessed record lows, and the impact of the recent halving event is visible in the trend. The median price of gas has sharply dropped, and Ethereum is currently experiencing slight inflation and a slow burn rate. Recently, miners’ revenue has shown...
Week of Woe: Major Crypto Assets Suffer, Some AI Coins Buck Trend
24.6.2024
Over the past week, bitcoin has slid 6.6% while ethereum has lost 5.5% against the U.S. dollar, but a large handful of alternative digital assets saw much bigger losses this past week. The meme coin dogwifhat (WIF) was the week’s biggest loser shedding 31.2% while notcoin (NOT) lost 24.3%...
Bitcoin miner Hut 8 lands $150M investment amid AI boom
24.6.2024
Coatue Management invested $150 million in the Bitcoin miner Hut 8 Corp. due to its capability to power generative AI applications with its high-performance computing
Why are traders shorting Michael Saylor’s MicroStrategy?
24.6.2024
Short sellers are targeting MicroStrategy stock, but what is the reasoning behind it?
Ethereum Technical Analysis: ETH Faces Bearish Sentiment Amidst Continued Downtrend
24.6.2024
Ethereum’s price stands at $3,311, with a market capitalization of $404 billion. The 24-hour intraday trading range has fluctuated between $3,277 and $3,500, while the 24-hour trade volume has reached $16.82 billion. A technical analysis across various timeframes highlights significant...
First Mover Americas: Mt. Gox Repayments Worsen BTC Woes
24.6.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for June 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Mt. Gox to Begin Bitcoin & $BCH Rehabilitation Payments in July
24.6.2024
The defunct Bitcoin exchange Mt. Gox’s Rehabilitation Trustee, Nobuaki Kobayashi, announced today that they will begin paying their creditors in Bitcoin and Bitcoin Cash starting in July. This decision is part of a plan to compensate creditors who faced setbacks when the exchange shut down in 2014....