After reviewing Ether (ETH) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher. A recent report from Coinshares shows that multiple crypto funds have begun seeing net inflows after weeks of record outflows. The report notes that Ether vehicles saw a total of $47 million in inflows, bringing its market dominance up to 27%. DeFi growth supports higher… Source link

Key Takeaways Crypto prices plummeted Thursday after Elon Musk posted a tweet suggesting he’d broken up with Bitcoin. Bitcoin, Ethereum, and various DeFi tokens are in the red. The crash liquidated $600 million worth of futures positions in the crypto derivates market. Share this article The cryptocurrency market slumped Friday morning after Elon Musk called an end to his love for Bitcoin.  Elon Musk Shakes Bitcoin Price  Bitcoin’s price dropped 7.6% from yesterday’s $39,250… Source link

The price of bitcoin (BTC) has been consolidating for more than two weeks after it experienced one of the biggest crashes in crypto history. Although the market has calmed down, holding back further declines, we do not see a quick V-shape recovery. However, the possibility of one is still in the game. One of the best-known analysts in the crypto space, PlanB, has suggested that it might occur soon. A clear pattern in the cryptocurrency options market seems to impact the BTC price heavily this… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Show Support: It’s Not Too Late To Nominate Your Favorite… Source link

Reuters Investors see Biden’s 15% minimum tax offer as positive NEW YORK (Reuters) -Investors hailed U.S. President Joe Biden’s offer on Thursday to scrap his proposed 28% corporate tax hike as a move in the right direction and embraced the idea of a compromise that could allow an infrastructure and tax package to move through Congress. Biden offered to set a minimum tax rate that companies should pay at 15%, two sources familiar with the matter said, in what would be a major concession by… Source link

Ethereum Ethereum rallied by 5.53% on Thursday. Following a 2.74% gain on Wednesday, Ethereum ended the day at $2,856.68. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,663.02 before making a move. Steering clear of the first major support level at $2,572, Ethereum rallied to a late morning intraday high $2,890.00. Ethereum broke through the 38.2% FIB of $2,740 and the first major resistance level at $2,822 before easing back. A late morning pullback saw Ethereum… Source link

<!– (function(w, l){ w[l]=w[l]||[]; w[l].push({ ‘gtm.start’: new Date().getTime(), … Source link

Bitcoin and cryptocurrency prices have fallen sharply over the last month, with the combined cryptocurrency market losing around $1 trillion in value. The bitcoin price dropped from over $60,000 per bitcoin to under $35,000 from mid-April through to mid-May. Ethereum, the second-largest cryptocurrency by value after bitcoin, lost half its value in just two weeks as its price tanked in the aftermath of the bitcoin sell-off while ethereum rivals cardano and Binance’s BNB also crashed. … Source link

Ethereum Classic (CRYPTO:ETC) is the original version of Ethereum (CRYPTO:ETH) that uses the proof of work platform. This is slightly different from the new version of Ethereum that runs on a proof of stake platform. Ethereum Classic now runs as an altcoin on the Ethereum chain. Ethereum Classic was up 0.20% at $68.43 at last check. Below is a technical analysis of Ethereum Classic’s chart. Ethereum Classic Daily Chart Analysis: Ethereum Classic… Source link

Leveraged traders have not materialized in the market to take bitcoin over the $40,000 hump. Meanwhile, ether is continuing to steal trading volume from BTC during a steady price rise toward $2,900. Bitcoin (BTC) trading around $38,532 as of 21:00 UTC (4 p.m. ET). Gaining 1.7% over the previous 24 hours. Bitcoin’s 24-hour range: $37,311-$39,402 (CoinDesk 20) Ether (ETH) trading around $2,789 as of 21:00 UTC (4 p.m. ET). In the green 1.1% over the previous 24 hours. Ether’s 24-hour range:… Source link