Surprise ETH price drop below $2.5K raises questions about Ethereum fundamentals
Ethereum price followed the broader crypto market sell-off, but its longer term price weakness is driven by network-specific factors.
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BTC price focuses on $26K as Bitcoin traders brace for CPI volatility
Bitcoin (BTC) returned above $26,000 on June 13 as analysts eyed resistance overhead. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBitcoin price inches between trend linesData from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to reclaim $26,000 support after the daily close.The pair had seen a curiously uneventful start to the week despite ongoing fallout…
Cointelegraph Consulting: Overwhelming bullish sentiment once again proves costly
Analysis of sentiment and on-chain data shows that a correction was likely to occur. Is there still room for growth? 2399 Total views 19 Total shares According to data collected from 1000+ crypto social media channels, the average crowd sentiment towards Bitcoin adapted from slightly bullish to overwhelmingly bullish over the days leading up to…
‘Insanely bullish’: Glassnode CTO predicts BTC price will 10X from here
The CTO of crypto market data aggregator Glassnode, Rafael Schultze-Kraft, has described a slew of Bitcoin market indicators as “insanely bullish” and predicted prices are set to increase by more than 10 times.On Dec. 9, Schulze-Kraft tweeted a thread providing the basis for his ultra-optimistic prediction, presenting six “of the most important on-chain market indicators…
Legal scholars file amicus brief in support of Coinbase
The legal practitioners asked the court to adhere to the established definition of “investment contract” when interpreting its scope. 265 Total views 7 Total shares A group of six legal scholars specializing in securities law and related fields submitted an amicus brief in favor of crypto exchange Coinbase in its ongoing legal battle against the United…
Major US banks get passing grade in ‘severe recession’ stress test
America’s central bank has been stress-testing retail banks in the wake of several high-profile banking collapses earlier this year. 337 Total views 1 Total shares The American central bank has determined that all 23 of the country’s largest banks would be able to survive a severe recession following its “stress tests.”The report issued on June…
Bitcoin is already in its ‘next bull market cycle’ — Pantera Capital
Bitcoin (BTC) is beginning its “seventh bull cycle,” and investors should not be scared of crypto post-FTX, Pantera Capital believes.In its latest “Blockchain Letter” on Feb. 8, the asset management firm’s CEO, Dan Morehead, predicted that 2023 would be a “year for rebuilding trust.”Morehead: Cryptoassets have "seen the lows" this cycleWith BTC price action retracing…
Bitcoin Steady Around $9.2K as ‘Volatility Collapse’ Predicts Big Move
Bitcoin (BTC) continued its downtrend on Nov. 7, barely keeping support above $9,200 as market commentators stay realistic about the future.Cryptocurrency market daily overview. Source: Coin360“Much bigger” BTC price move could come this weekData from Coin360 shows BTC/USD down 1.6% on the day, circling $9,250 after a sudden dip saw markets bounce off $9,200.That level…
Fintech Arm of Chinese Insurance Giant Shoots for $500M IPO in US
OneConnect, the financial technology subsidiary of Chinese insurance giant Ping An, has updated its filing for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC).According to an F-1 filing dated Dec. 2, the firm is looking to sell $500 million worth of shares in its IPO. The recent filing states:“We…