Bitcoin (BTC) has encountered difficulties in breaking above the $31,800 mark, resulting in a 6.3% correction down to $29,700. This price action has raised concerns among investors that ongoing regulatory developments and macroeconomic headwinds could drive Bitcoin below the $29,000 level, last observed on June 21. In terms of Bitcoin futures, there has been increased
Analysis
Cryptocurrency enthusiasts have long been debating the future of Bitcoin (BTC), and recent on-chain data from crypto analytics firm Glassnode sheds light on the growing demand for the digital asset at the $30,000 price level. Despite the price of BTC hovering around this mark, buyer behavior indicates a significant interest in the largest cryptocurrency in
Cardano (ADA) has witnessed a remarkable surge in price within the past 24 hours, fueled by the ripple effect of Ripple’s recent legal victory against the U.S. Securities and Exchange Commission (SEC). Traders have been closely examining the implications of this ruling on the broader cryptocurrency market, leading to a surge in ADA price by
Solana’s (SOL) price experienced a momentary surge to a new year-to-date high on June 14 following Ripple’s partial victory against the United States Securities Exchange and Commission (SEC). The court ruling contested XRP’s (XRP) classification as a security, leading to a 48.09% increase in the token’s value, reaching a peak of $32.40. However, the price
XRP (XRP) experienced a significant increase in price following the news that Federal District Judge Analisa Torres of the Southern District of New York rejected the United States Securities and Exchange Commission’s (SEC) claim that XRP is a security. This ruling had a bullish impact on XRP, causing its price to rise by over 75%
Bitcoin (BTC) has shown promising signs of challenging range highs, backed by new macroeconomic data that has provided a boost to risk asset bulls. While the BTC price focus has shifted above $30,500, it is important to analyze the implications of this shift and its potential impact on the market. In this article, we will
Bitcoin (BTC) has been steadily making progress towards the $31,000 mark, drawing attention from traders and analysts who eagerly awaited the release of the United States Consumer Price Index (CPI) for June. Despite its gradual rise, BTC exhibited minimal volatility at the beginning of the week, with clearly defined local range highs and lows. Traders
Over the past 18 days, the price of Bitcoin has been trading in a narrow range of $29,900 to $31,160, much to the perplexity of investors. Despite a significant rally in mid-June that pushed Bitcoin to its highest price in over a year, the cryptocurrency has struggled to maintain prices above $31,000. This price stagnation
Cardano’s native token ADA experienced a significant setback in June when the United States Securities and Exchange Commission (SEC) categorized it as a security in its legal actions against Binance and Coinbase. This classification resulted in a 42.5% drop in ADA’s price, plunging it to a two-year low of $0.21 within a few days. Furthermore,
The Bitcoin market is currently witnessing a significant shift in the distribution of BTC supply. According to on-chain analytics firm Glassnode, the amount of Bitcoin held on exchanges has dropped to levels not seen since the all-time high in 2017. This trend has caught the attention of market participants and analysts as it indicates a
