Decentralized and open-source computing platform Akash Network has captured significant attention in the cryptocurrency market as its native token, AKT, has outperformed the top 100 cryptocurrencies with a 2400% price increase year-to-date.
While Bitcoin (BTC) and other major cryptocurrencies experience price corrections, the Akash Network and its native token are surging at a remarkable pace. To comprehend the driving factors behind this uptrend, it is crucial to delve deeper into what th
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-
The Akash Network Phenomenon: Breaking Down Its 2400% Uptrend And Market Outperformance
via newsbtc.com -
SEC Ethereum ETF decision unlikely driven by politics: Bernstein
Bernstein analysts Gautam Chhugani and Mahika Sapra believe the United States securities regulator likely approved the spot Ether ETFs to avoid a legal battle. -
Rising Tide: Crypto Investment Products See $185M Inflows, May Sets New Record At $2 Billion
via newsbtc.comThe crypto market is showing signs of a bullish resurgence, with reports of an impressive $2 billion in inflows for May alone.
Alongside this positive trend, Ethereum (ETH) has seen a notable turnaround in investor sentiment as the long-awaited spot exchange-traded funds (ETFs) for the market’s second-largest cryptocurrency received approval from the US regulators last week.
Record-Breaking Month For Crypto Products
According to a recent report from research firm CoinShares, di -
Can XRP Price Recover? Analyzing the Potential for a Rebound
via newsbtc.comXRP price is slowly moving higher from the $0.5080 zone. It could gain bullish momentum if there is a move above the $0.5250 resistance zone.XRP is attempting a fresh increase above the $0.5120 zone.
The price is now trading above $0.5150 and the 100-hourly Simple Moving Average.
There was a break above a key bearish trend line with resistance near $0.5160 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could start a decent increase if there is a clear move above $0.5 -
E-Trade mulls booting meme stock trader Roaring Kitty: WSJ
The trading platform is reportedly concerned that the veteran meme stock trader could use his influence to pump his own GameStop holdings. -
Ethereum Signals Bearish Extension: Is a Short-Term Downtrend Coming?
via newsbtc.comEthereum price is showing a few bearish signs below the $3,840 support. ETH could gain bearish momentum if there is a clear move below $3,700.Ethereum extended its decline and tested the $3,700 zone.
The price is trading below $3,840 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support near $3,780 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase unless there is a close below the $3,700 support.Ethereum -
Bitcoin Price Gains Momentum: Bullish Surge Ahead?
via newsbtc.comBitcoin price found support at $67,000 and started a fresh increase. BTC climbed above $69,500 and might continue to rise in the near term.Bitcoin started a decent increase above the $68,500 and $69,500 resistance levels.
The price is trading above $68,500 and the 100 hourly Simple moving average.
There was a break above a key bearish trend line with resistance at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bullish momentum if it settles above the -
XRP Hasn’t Had A Bull Cycle Since 2017, Analyst Reveals What Will Happen When It Does
via newsbtc.comThe XRP price has been a constant point of worry for investors given that the altcoins seems to be frozen in time. The last time that the coin rallied was in the 2017-2018 bull and even though there has been another massive bull market since then, XRP failed to follow the rest of the market. While expectations for the altcoin have dropped dramatically, one analyst believes that the cryptocurrency could finally have its time in the spotlight, revealing targets for when this does happen.
Why XRP C -
Worldwide searches for ‘onchain’ on Google hit all-time high
“The learning phase is over. A new era is coming,” says CryptoQuant CEO Ki Young Ju. -
Dapper Labs Agrees to $4M Settlement in Class Action Securities Suit
via coindesk.comDapper Labs has reached a tentative settlement agreement with a group of investors who sued the non-fungible token (NFT) company and its co-founder and CEO Roham Gharegozlou for allegedly violating federal securities laws. -
BTC ETFs make 26% of BlackRock's 2024 inflows, 56% of Fidelity’s
However, the impressive flows from BlackRock’s IBIT and Fidelity’s FBTC haven’t been enough to gain on the leading ETF asset manager by total flows, Vanguard. -
Bitcoin ETFs make 26% of BlackRock's 2024 inflows, 56% of Fidelity’s
However, the impressive flows from BlackRock’s IBIT and Fidelity’s FBTC haven’t been enough to gain on the leading ETF asset manager by total flows, Vanguard. -
The Half-Million Dollar Bitcoin: Predictions Point To Monumental Price Surge In 18 Months
via newsbtc.comBitcoin (BTC), the largest cryptocurrency in the market, recently touched the crucial $70,000 level, proving to be a significant hurdle for its price consolidation in recent months.
Despite surpassing its previous high and reaching a record all-time high (ATH) of $73,700 in March, BTC experienced a 20% price correction to around $56,500 at the beginning of May. However, this correction marked the start of a renewed bullish momentum, with BTC currently trading at approximately $69,300.
Whil -
Coinbase chips in another $25M to crypto super PAC Fairshake
Coinbase has joined Andreessen Horowitz and Ripple in donating $25 million to the crypto-focused super PAC ahead of the United States elections. -
Trump Conviction Barely Dents His Odds of Winning Election: Prediction Markets
via coindesk.comPlus: Polymarket traders doubt Trump will go to prison; Kalshi bettors are at odds with the CME FedWatch poll on rate cuts. -
Halving full effect: Bitfarms crypto mining revenue falls 42% in May
The Bitcoin mining firm also blamed“unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production. -
Bitcoin Has Solid On-Chain Cushion Below $68,900: Stage Set For Fresh Rally?
via newsbtc.comOn-chain data shows Bitcoin could have significant support between $66,900 and $68,900, which may help provide solid ground for a fresh surge to higher levels.
A Large Amount Of Investors Bought Their Bitcoin Between $66,900 & $68,900
According to data from the market intelligence platform IntoTheBlock, BTC is currently floating above a major demand zone. In on-chain analysis, the strength of any support or resistance level is based on how much “demand” was present at it.Below is -
Buckle Up: Bitcoin’s Ride to $74K Could Start Any Minute – Here’s Why
via newsbtc.comAlthough Bitcoin has yet to reclaim its peak of over $73,000 from March, it achieved a 24-hour high of $70,188. This performance is part of a gradual increase, with Bitcoin rising 1.2% over the past week and 2% in the last 24 hours, bringing its current price to $69,211.
Amid this price performance, the crypto has shown promising fluctuations that suggest a possible upswing in its market value, with developments in trading patterns and analyst forecasts painting a bullish future.Breaking Resista -
Chainlink co-founder notes importance of oracle networks following NYSE glitch
Sergey Nazarov explained how Chainlink could remedy centralized points of failure inherent in centralized information processing systems. -
Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending
via coindesk.comBitcoin's slump since March was driven by long-term holders selling, but blockchain data shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report. -
Can Bitcoin Rise 150% From Here? Crypto Expert Peter Brandt Predicts The Top
via newsbtc.comDespite the Bitcoin decline below the $70,000 price mark, a crypto analyst still maintains an optimistic outlook for the pioneer cryptocurrency, predicting that the price of Bitcoin could reach its top soon.
Analyst Says Bitcoin’s Top Is $150,000
On June 2, crypto analyst, Peter Brandt released a blog post predicting Bitcoin’s top in the current bull cycle. According to Brandt, the price of Bitcoin is expected to witness an exponential surge between the range of $130,000 to $15 -
Binance prepares for MiCA rules, updates stablecoin strategy
Binance will ease European users’ transition from unauthorized to regulated stablecoins with a “sell-only” strategy. -
Bitcoin futures premium hits 7-week high: is the rally sustainable?
Bitcoin flirted with $70,200 on June 3, but traders fear excessive leverage might be a double-edged sword. -
Solana-Based GameStop Tribute Token (GME) Soars 300% Following Roaring Kitty’s Return
via newsbtc.comAfter two silent weeks, Roaring Kitty’s latest roar has shaken the crypto market. The renowned trader has again set the world ablaze after revealing his substantial 5 million GameStop shares holdings. Following his posts, GameStop’s shares soared in the premarket by 90%, and the Solana-based tribute token, GME, skyrocketed by 300%.Roaring Kitty’s Return To Reddit Sets Market On Fire
On Sunday night, Keith Gills, known as Roaring Kitty, returned from a two-week hiatus. The trade -
Biden vetoes House and Senate votes on SEC’s anti-crypto resolution: Law Decoded
United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 121. -
VC Roundup: OKX Ventures wants to onboard ESG, bring AI on-chain
This edition of Cointelegraph’s VC roundup features Cysic, WeatherXM, GaiaNet, Switchboard, API3, and Scrypt. -
Crypto fund inflows hit $2B in May led by BTC — CoinShares
Weekly inflows into crypto funds totaled $185 million for the last week in May, with monthly investment fund inflows reaching $2 billion. -
Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, Marquette Professor Says
via coindesk.comThe first quarter addition of two spot bitcoin exchange-traded funds (ETFs) to the portfolio of Wisconsin's pension plan was likely just the beginning for that U.S. state’s investments into crypto, said David Krause, a professor of finance at Milwaukee-based Marquette University. -
Bitcoin, Ethereum On Exchanges Drop To New Lows, What A Supply Squeeze Would Mean For The Market
via newsbtc.comRecent data shows that the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges has dropped significantly. This means the largest crypto tokens by market cap could be well-primed for significant moves to the upside, with a supply squeeze imminent.
Supply Of Bitcoin And Ethereum Drop To New Lows
BTC ECHO analyst Leon Waidmann shared Glassnode data, which showed that exchange balances for Bitcoin and Ethereum are at their lowest in years. Bitcoin’s supply on exchanges has dropped to -
Qatar Central Bank launches first phase of CBDC project
The small country on the Arabian Peninsula sees CBDC as part of its national development strategy.
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