Monthly Archives: June 2022

Chinese State-Run Media Warns About Bitcoin’s Price Falling to Zero as Regulators Issue Fresh Crypto Warning – Featured Bitcoin News

Chinese State-Run Media Warns About Bitcoin’s Price Falling to Zero as Regulators Issue Fresh Crypto Warning – Featured Bitcoin News

A Chinese state-run newspaper has published an article warning about bitcoin’s price falling to zero amid the crypto market sell-off. Meanwhile, financial regulators in Shenzhen have issued a new warning about cryptocurrency. State-Run Newspaper Warns About Bitcoin Becoming Worthless China’s state-run newspaper Economic Daily published an article warning about bitcoin Wednesday, according to SCMP. The nationwide newspaper is directly under the control of the Central Committee of… Source link

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Bitcoin Hovers Near $21K as Investors Look to Avoid Another Weekend Slump – CoinDesk

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Ethereum price breaks out as ‘bad news is good news’ for stocks

Ethereum’s native token, Ether (ETH), gained alongside riskier assets as investors assessed weak U.S. economic data and its potential to cool down rate hike fears. Ether mirrors risk-on recovery ETH’s price climbed up to 8.31% on June 24 to $1,225, six days after falling below $880, its lowest level since January 2021. Overall, the upside retracement brought bulls 40% in gains, raising anticipation about an extended recovery in the future while alleviating fears of a “clean fakeout.” For… Source link

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Bitcoin gives ‘encouraging signs’ — Watch these BTC price levels next

Bitcoin gives ‘encouraging signs’ — Watch these BTC price levels next

Bitcoin (BTC) headed toward the upper end of its trading range on June 24 as optimism crept back into traders’ forecasts. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price “ready for $23,000” Data from Cointelegraph Markets Pro and TradingView tracked a broadly stable BTC/USD as it hit local highs of $21,425 on Bitstamp. The pair had shifted higher since wicking below the $20,000 on June 22, with United States equities similarly cool going into the weekend. “Bitcoin… Source link

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Solana Below $40: Is It a Better Buy Than Ethereum?

Solana (SOL 11.80%) was a red-hot growth story that increased by 100-fold between November 2020 and November 2021. Then it fell more than 85% from its all-time high in a matter of months. Solana suffered a pair of network outages in May and June, which added more downward pressure in conjunction with tumbling crypto and equity markets.  SOL — the native token of the Solana blockchain — is now less than $40. Here’s why it may be time to buy Solana and why Solana could even… Source link

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What’s Next for Bullish Rated Monero Classic (XMC)?

What’s Next for Bullish Rated Monero Classic (XMC)?

Monero Classic (XMC) gets a bullish rating from InvestorsObserver Friday. The crypto is up 348.87% to $0.3329846288 while the broader crypto market is up 3.19%. Monero Classic has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero Classic! Bullish Over the last five days, Monero Classic has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score… Source link

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Could Ethereum Skyrocket After the Merge?

The Ethereum (ETH 3.81%) blockchain network is about to get a huge facelift. The platform has been called slow, bloated, and inefficient, and its transaction fees have an annoying tendency to skyrocket when the network gets busy. All of these issues should go away in the Merge, an upcoming event that will create the long-awaited Ethereum 2.0 system. Test runs are firing off without any issues, and the Merge could take place as soon as August. Could the Ether token… Source link

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Bitcoin miner ‘capitulation event’ may have already happened — Research

Bitcoin (BTC) miners may have already sparked a “capitulation event,” fresh analysis has concluded. In an update on June 24, Julio Moreno, senior analyst at on-chain data firm CryptoQuant, hinted that the BTC price bottom could now be due. BTC price bottom “typically” follows miner capitulation Miners have seen a dramatic change in circumstances since March 2020, going from unprecedented profitability to seeing their margins squeezed. The dip to $17,600 — 70% below November’s… Source link

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Crypto’s Richest Billionaire Says Bitcoin (BTC) Will Revisit $69,000 Price – Here’s His Timeline

Crypto’s wealthiest billionaire is reportedly confident Bitcoin (BTC) will eventually spring back to its all-time high. However, his timeline is extremely forgiving. Binance CEO Changpeng Zhao tells The Guardian it could take anywhere from a few months to a couple of years before the flagship cryptocurrency returns to a record-high price. “I think given this price drop, from the all-time high of $68,000 to $20,000 now, it will probably take a while to get back. It probably… Source link

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