Market News

Arthur Hayes Says Ethereum Could Reach $10K Level By Ending 2022

Arthur Hayes, Africa’s youngest crypto billionaire in America and former CEO and co-founder of derivatives platform BitMEX, expect The price of Ethereum could reach $10,000 by the end of 2022. It should be noted that Hayes once speculated about a downtrend in the price of Ethereum in a blog post in April turned out to …

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Can Bitcoin Bounce Back To $35K? Here’s What Stands In The Way

There is no action in the cryptocurrency market as Bitcoin is still trading between $29,000 and $30,000. The first cryptocurrency by market cap has been range bound since the collapse of the Terra ecosystem and took a hit in an already weak market. Related reading | Wonderful-Backed Green Bitcoin Mining Venture to Build $500 Million …

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Bitcoin NUL Suggests More Downside To Come Before The Bottom

On-chain data shows that the Bitcoin NUL indicator remains below 0.5, indicating that more downside may be in store for the cryptocurrency before bottoming. Bitcoin’s Net Unrealized Loss Increases, But Still Below 0.5 As pointed out by an analyst at CryptoQuant MailThe price of the cryptocurrency may still be anywhere near the bottom. The relevant …

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El Salvador Postpones Bitcoin Bonds A Second Time, Here’s Why

El Salvador has been planning to issue the world’s first bitcoin bond for a while. The move received a lot of interest from industry investors who were looking to take advantage of this unique opportunity. However, the launch of the bitcoin bond has been postponed for the second time. El Salvador’s financial astrologer, Alejandro Zelaya, …

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Ethereum Key Indicators Suggest Strengthening Case For More Losses

Ethereum found support near $1,760 and corrected higher against the US Dollar. ETH is now facing significant resistance near $1,850 and $1,880. Ethereum is slowly moving higher and is trading above $1800. The price is now trading below $1,880 and the 100 hourly simple moving average. There is a major bearish trend line forming with …

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Arthur Hayes Says Bitcoin And Ethereum May Not Be Ready To Recover Drastically

The recent crash in the cryptocurrency markets has taken everyone by surprise, especially Bitcoin. Many coins lost their value drastically and very quickly at that time. Even the number one cryptocurrency Bitcoin took a big hit as investors continued to sell in a panic. While many hope for a recovery, the storm is still building. …

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Bitcoin Attempts Fresh Increase, Why 100 SMA Is The Key

Bitcoin fund supported near $29,350 and recovered against the US dollar. BTC must clear the $31,000 resistance and the 100-hour SMA to continue higher. Bitcoin started a recovery wave from the $29,350 area. The price is now trading below the $31,000 level and the 100 hourly simple moving average. There is a major bearish trend …

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Daily Pump & Dump | June 2, 2022 Crypto Market Report: BTC, ETH, ICP

Daily Pump and Dump is a weekday update of the cryptocurrency market that provides you with a brief analysis of price action related to Bitcoin, Ethereum and other popular altcoins. Today’s summary: Bitcoin retests $30,000 after rejection. Why is Ethereum lagging behind the rest of the cryptocurrency? ICP Posts crazy March during the day. Bitcoin …

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Institutional Investors Turn To Competitors As Ethereum Tumbles

As the crypto market has taken a turn for the worse, institutional investors are phasing out their investments in Ethereum. The digital asset has been the victim of multiple outflows that have reduced total assets under management (AuM) and this trend has continued this week. Instead of switching to a bigger competitor, Bitcoin, institutional investors …

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