[ad_1] Bitcoin (BTC) held steady at the June 7 Wall Street open after a night of losses cost bulls heavily.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCoinbase sees conspicuous outflowsData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged near $30,000, still down 6% versus its prior highs.After underperforming versus United States equities on June 6, the pair nonetheless managed to avoid falling further in step with stocks. At
[ad_1] BNB price dropped by nearly 7.3% on June 7 to below $275, its lowest level in three weeks.What's more, BNB price could drop by another 25%–40% in 2022 as its parent firm, Binance, faces allegations of breaking securities rules and laundering billions of dollars in illicit funds for criminals.Bad news twice in a rowBNB was issued as a part of an initial coin offering (ICO) in 2017 that amassed $15
[ad_1] Bitcoin (BTC) firmly recommitted to its trading range on June 7 after a fresh move higher was met with a swift sell-off.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“Some of the best chop we’ve seen”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rejecting decisively at resistance it last encountered on June 1.The pair had delivered daily gains in excess of 6%, but the approach to $32,000 changed the mood,
[ad_1] Bitcoin was created to give the average person a peer-to-peer economic system and a store of wealth asset that could provide financial autonomy and access to banking, especially for people living in places where financial services are sparse or non-existent.In the last five years, there have been a number of blockchain projects that aim to mirror Bitcoin's original mission and the growing popularity of stablecoins further highlights the need
[ad_1] The bull market euphoria that carried prices to new highs throughout 2021 has given way to bear market doldrums for any Bitcoin (BTC) buyer who made a purchase since Jan. 1, 2021. Data from Glassnode shows these buyers "are now underwater" and the market is gearing up for a final capitulation event. Bitcoin net unrealized profit/loss. Source: GlassnodeAs seen in the graphic above, the NUPL, a metric tha is a measure
[ad_1] Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date.Investors who keep a close eye on regulatory development were possibly scared after New York state made clear its intention to regulate the crypto industry, including
[ad_1] Avalanche’s AVAX token shows signs of continuing its ongoing rebound move as it paints a classic bullish reversal pattern.AVAX price to $35?Dubbed a "double bottom,” the pattern appears when the price establishes a support level, rebounds, corrects after finding a resistance level, pulls back toward the previous support and bounces back toward the resistance level to pursue a breakout.Since May 27, AVAX’s price trends appear like those typically witnessed during the double
[ad_1] Bitcoin (BTC) retained new higher levels at the June 6 Wall Street open after BTC/USD snapped a nine-week losing streak.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewStocks could take BTC as high as $37,000Data from Cointelegraph Markets Pro and TradingView followed the largest cryptocurrency as it circled $31,500 on the back of 6% daily gains.The start of Wall Street trading provided further support to bulls as United States equities headed higher.
[ad_1] Cardano (ADA) was among the best performers among the top cryptocurrencies on June 6 as traders assessed a key upgrade that promises to enhance its blockchain's smart contract capabilities.Vasil hard fork FOMODubbed "Vasil," the so-called hard fork event will tentatively take place on June 29, 2022. As a result of the euphoria surrounding this upgrade, traders have started speculating more on ADA's upside prospects, resulting in its better performance
[ad_1] Bitcoin (BTC) starts a new week with some fresh hope for hodlers after halting what has been the longest weekly downtrend in its history.After battling for support throughout the weekend, BTC/USD ultimately found its footing to close out the week at $29,900 — $450 higher than last Sunday.The bullish momentum did not stop there, with the pair climbing through the night into June 6 to reach multi-day highs.The price
