Zcash (ZEC) surged nearly 8% following a strong bounce off the key $500 support level, with trading volumes spiking to levels reminiscent of its previous major rally. This surge has made ZEC the top-performing crypto in the market's top 10 over the past 30 days, gaining 69%. Technical indicators and on-chain data suggest strong buying interest, especially from institutional players, setting the stage for a potential rally to $700 in the coming days. However, a drop below $500 could trigger a sharp correction to $380, making $500 a critical support level to watch.
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 ...
Arthur Hayes, BitMEX co-founder, argues that oil prices are the main driver of political and economic outcomes, overshadowing AI and cryptocurrency trends. Despite disruptions in the Strait of Hormuz, oil prices haven't risen enough to force compromi...
Bitcoin's price stayed around $62,600 despite Strategy (MSTR) buying 1,550 BTC for $101 million, showing little market reaction. Investors remain cautious ahead of key U.S. inflation data and the Federal Reserve meeting next week, limiting upside mom...
Zcash (ZEC) price recovered sharply from a low near $250 on June 5 to $470, driven by renewed spot demand and increased mining hashrate. The rebound follows concerns over a critical bug that could have allowed counterfeit ZEC, which initially caused ...
Arthur Hayes, co-founder of BitMEX, argues that rapid AI spending has absorbed liquidity that might have otherwise flowed into Bitcoin and other cryptocurrencies. His family office, Maelstrom, recently sold several altcoins including HYPE, NEAR, WLD,...
