Ethereum's price dropped close to $1,600, falling about 14% from its June high, as traders reduce risk ahead of U.S. inflation data. Despite this, BitMine, a major corporate holder, reportedly acquired an additional 75,000 ETH worth around $123 million, potentially raising its holdings to 5.62 million ETH. Market sentiment remains cautious due to weak ETF inflows, rising oil prices, and uncertain Federal Reserve policy. Technical support is noted near $1,550, with potential volatility if this level breaks, while BitMine's buying offers a bullish counterbalance amid broader market weakness.
Crypto markets are under pressure with bitcoin dropping below $61,500 and trading under its 200-week moving average, signaling a potential prolonged bear market. Traders are increasingly shorting major tokens like bitcoin, ether, and XRP, reflecting ...
Audiera's BEAT token rose sharply to about $5.44 on June 10, gaining 28% in one day and 343% over the past week, despite a broadly declining cryptocurrency market. This rally was driven by increased leverage and a short squeeze, with $4.2 million in ...
Ethereum's price is showing a bearish pattern called a bear pennant after falling sharply from above $2,100 to around $1,520. This pattern suggests a continuation of the downtrend, with a potential target near $1,250 if support breaks. The ongoing US...
On June 9, XRP spot ETFs drew $7.44 million in net inflows, surpassing Solana, Bitcoin, and Ethereum ETFs, which saw outflows. This indicates growing institutional interest in XRP investment products even as XRP's price struggles, trading near $1.11 ...
Bitcoin fell 2.4% to $61,647 as whale wallets tested exchange inflows, indicating cautious profit-taking rather than broad accumulation. The total crypto market cap remains steady at $2.2 trillion with Bitcoin dominance at 56%, limiting altcoin gains...
