Bitcoin (BTC), the world’s leading cryptocurrency, recently failed to maintain its upward momentum and has turned bearish. After reaching an intra-day high of $69,977, BTC quickly fell to $67,039, and its current price stands at $67,600.32 with a 24-hour trading volume of $35.93 billion. This shift in trend was influenced by a surprising drop in...
European stocks may open a tad higher on Monday, after having suffered heavy losses in the previous session amid heightened political uncertainty in Europe. Asian markets traded mostly lower as a slew of top-tier economic data from China painted a sluggish picture of the economy. China\'s retail sales grew at a faster-than-expected pace in May,...
On the 4-hour timeframe, both the 50-day EMA, currently at $68,400, and the RSI, at 43, suggest a neutral to bearish bias. A sell position could be considered below $67,750, with a potential target of $65,200 upon a break below $66,000. However, a break above $67,750 could fuel further bullish. You might also like Bitcoin...
China\'s industrial production growth slowed more than expected in May and the property investment deteriorated further despite supportive measures, official data revealed on Monday. Industrial production growth decelerated to 5.6 percent in May from 6.7 percent in April, the National Bureau of Statistics reported. The rate was expected to slow moderately to 6.2 percent. Meanwhile,...
Bitcoin has the potential to reach $1 million by 2033, with a projected cycle-high of $200,000 by 2025, according to analysts at Bernstein. The prediction comes as Bernstein initiated coverage of MicroStrategy, a software developer and the largest corporate holder of Bitcoin. The research report assigned an outperform rating to MicroStrategy, which currently possesses 1.1%...
UwU Lend, a decentralized finance (DeFi) protocol, has announced a $5 million bounty in Ether (ETH) for anyone who can identify and locate the attacker responsible for its recent exploits. The bounty was announced on June 13 in an on-chain message after the hacker failed to return the stolen funds by the negotiated deadline of...
Asian stock markets are trading mostly lower on Friday, following the mixed cues from Wall Street overnight, amid fading hopes of a series of rate cuts by the US Fed after the central bank officials conservatively forecast just one rate cut this year in the post meeting comments. They said inflation has eased substantially in...
Bitcoin price peaks and dips, new Ether ETFs, and whale accumulations—what could these mean for Bitcoin’s future? Find out in our report. Key takeaways: Bitcoin saw notable volatility in May, starting below $60,000 and peaking at $71,470 on May 20 on optimism around spot ETF inflows. However, it struggled to maintain momentum and ended the...
United States Securities and Exchange Commission (SEC) Chair Gary Gensler may very well cost current President Joe Biden the White House in 2024 amid growing political tension with Republican frontrunner Donald Trump, Billionaire Mark Cuban alleged while speaking at Coinbase’s State of Crypto event on Thursday. Joe Biden’s Election Chances Fall On SEC Chair Gary...
Indian shares opened a tad lower on Friday after three straight sessions of gains. The benchmark S&P BSE Sensex was down 177 points, or 0.2 percent, at 76,634 in early trade while the broader NSE Nifty index was down 50 points, or 0.2 percent, at 23,349. IT stocks traded weak, with HCL Technologies, TCS and...