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 bearish sentiment ahead of critical US inflation data expected to show a rise to over 4%. Notably, some tokens like zcash and Hyperliquid's HYPE have fallen over 10%, while Morpho's token surged after a $175 million fundraising. A misleading spike in Uniswap V4's total value locked was traced to a hacked token inflating figures, not real capital inflows. Market volatility is rising, and investors remain cautious as they await the inflation report.
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,...
Zcash (ZEC) surged over 60% from its low, recovering to around $430 after emergency upgrades fixed a critical network vulnerability. The initial sharp drop was due to fears of counterfeit supply, but confidence returned as no exploitation was found. ...
