Citigroup has lowered its 12-month price targets for Bitcoin from $112,000 to $82,000 and for Ethereum from $3,175 to $2,240 due to weakening investor sentiment, significant ETF outflows, and regulatory uncertainty in the U.S. The crypto market saw $4.5 billion in net outflows from U.S. spot Bitcoin ETFs in June, the largest since their 2024 launch, with Ethereum ETFs also experiencing declines. Regulatory doubts, including the low chance of the U.S. Clarity Act passing and scrutiny over a major cryptocurrency disclosure, add to market caution. Despite July historically being strong for Bitcoin, analysts expect a consolidation phase this summer with subdued trading and elevated risks.
Bitcoin climbed toward $60,000 after Federal Reserve Chair Kevin Warsh stated that inflation risks have decreased and reaffirmed the Fed's commitment to a 2% inflation target. Warsh highlighted that artificial intelligence-driven investments could bo...
The cryptocurrency market fell on July 1, with Bitcoin, Ethereum, Dogecoin, BNB, and HYPE all trading lower amid weakening investor sentiment. The EU's new Markets in Crypto-Assets (MiCA) regulation took effect, causing many firms to scale back or ex...
The Winklevoss twins transferred about $67 million in Bitcoin and Ethereum to Gemini exchange wallets, sparking speculation of potential selloffs. These moves come as Bitcoin and Ethereum face bearish pressure, with Citigroup lowering price targets a...
Investors moved 2.6 trillion Shiba Inu (SHIB) tokens off exchanges following a 29.5% drop in Q2, signaling a major supply shift ahead of Q3. XRP held its key $1 support level, supported by a rare macro trend and regulatory progress, preserving its bu...
Crypto markets experienced $359 million in forced liquidations mainly in Bitcoin and Ethereum, despite only modest price drops of about 1.4% for BTC and 1.1% for ETH. This indicates that leveraged derivatives, not spot selling, absorbed most of the s...
