Bitcoin has achieved its second-highest weekly close ever, with massive ETF inflows emerging as a major bullish catalyst amidst being stuck in a bearish trap. On June 7, the Bitcoin price surged to $71,833, its highest price since May 21. However, it failed to reach the $72,000 resistance level due
BlockDAG’s presale triumph and innovative approach are setting it apart in the crypto market. While Sei Coin shows potential for a 20% surge and Bitcoin Cash enjoys a significant rally, BlockDAG stands out with its strong influencer support and strategic roadmap. The presale has already raised over $46.9 million, attracting
Trading in the cryptocurrency market was turbulent last week, with a promising beginning quickly giving way to a bearish finish. Notably, the week got off to a great start with experts predicting that Bitcoin will achieve a new high, sending expectations rising. The mood has shifted, however, in anticipation of
The crypto bull market is “reawakening” according to Arthur Hayes, the former CEO and co-founder of BitMEX who now runs Maelstrom. This comes after interest rate cuts announced this week by the Bank of Canada and the European Central Bank. The Bank of Canada dropped interest rates by quarter of
It seems that sellers may be fleeing the market as some cryptocurrency exchanges have seen a substantial outflow of Bitcoin (BTC) from their platforms in the last few weeks. Technical expert Ali Martinez reports that during the last week, users withdrew 22,647 Bitcoin from various cryptocurrency exchanges. If this number
A number of exchange-traded fund (ETF) managers have just signed new revenue-sharing agreements with Fidelity Investments, marking a major step forward for the ETF industry. This move is part of Fidelity’s aim to strengthen its position in this competitive sector and comes at a time when investor interest in ETFs
A total of $5.7 million was frozen and recovered by the Norwegian authorities in connection with the $600 million Ronin exploit that occurred in 2022. The Ethereum sidechain Ronin was developed by Sky Mavis specifically for the play-to-earn web3 game Axie Infinity. Sky Mavis stated on X: “The Norwegian National
The parent corporation of the New York Stock Exchange (NYSE) is allegedly thinking about selling or splitting up its crypto platform Bakkt, according to Bloomberg’s sources. According to the people who spoke with the media outlet, another possibility is that the board would decide to keep Bakkt as it is
Donald Trump, a presidential candidate who has been vocal about his support for Bitcoin, has dubbed himself the “Crypto President” in an effort to solidify his relationship with the rapidly expanding cryptocurrency ecosystem. At a fundraiser in San Francisco on Thursday, the 45th president of the US, Donald Trump, was
Bitcoin (BTC) displayed a significant pullback today, flipping its earlier gains and hardly maintaining a week-over-week increase. On Friday the cryptocurrency briefly teased an all-time high in the $71,918 range before retreating in U.S. trading, with its price standing at $68,507, down 4.74% in the past 24 hours. This decline
