In principle, MiCA offers a sweet deal to crypto companies – who, in exchange for jumping through the EU’s hoops, get to market their wares across the bloc, which is one of the biggest economies in the world. But there’s still some pretty major questions over exactly who will have to sign up to the new system, and whether stablecoin rules that are designed to avoid collapses like terraUSD’s (UST) might strangle the market all together. In particular, there’s a lot of confusion… Source link

Text size Cryptos are recovering after weeks of losses. Dreamstime Bitcoin led a… Source link

Bitcoin (BTC) may be down 70% from its November 2021 peak, but its rebound move in the past three weeks is raising the possibility of more upside in Q3. Bitcoin eyes 30% price rally At the core of the bullish argument is a technical pattern called the “Adam-and-Eve double bottom.” Notably, the structure appears when the price forms two bottom-and-recovery cycles. The first cycle, called “Adam,” features a pointed bottom while the other, called “Eve,” is round-shaped. Also, the peaks of both… Source link

Some ENS buyers treat the names as investments, purchasing popular and common names and selling them for a profit, research firm Delphi Digital said in a note this week. Last week, “000.eth” was sold for a record 300 ether, fueling interest in three-digit ENS names as “traders tried to capitalize on the hype,” Delphi Digital added. Source link

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After weeks of being in the red, Bitcoin and Ethereum are climbing. Bitcoin, the world’s top cryptocurrency by market cap, is $21,663, up roughly 10% in the past week and is up 6% on Thursday alone, per CoinMarketCap data. Similarly, Ethereum has also seen notable gains, up to $1,238 or 7% Thursday and 19% over the past seven-day period. The rest of the cryptocurrency market appears to be following suit, with Solana up 4%, Polkadot up 5%, Cardano up about 3%, and Dogecoin up 3.% in the… Source link

Monero [XMR] bulls are back but the ghost of the 2022 bear market is still lurking in the background. The current upside might thus, be a temporary bullish relief, in which case a retracement might be on the way. XMR traded at $122 at press time, which means it is up by roughly 31% from its 2022 low at $96.50. A sizable retracement might be inbound, considering its latest upside. Additionally, Fibonacci lines place the next potential retracement near the $142 price level.

The company mined 707 bitcoin during Q2 – that’s up 8% from Q2 one year ago, but down from 1,259 mined in Q1. At issue were “operational obstacles” including maintenance issues and a severe storm at the power-generating facility supplying the company’s Hardin, MT rigs, and continued delays in energization for nearly 30,000 installed miners in Texas. Source link

“With spot prices currently at $1,060, this means ETH 2.0 stakers are on average holding a loss of -55%,” Glassnode wrote. “If we compare this to the realized price for the entire ETH supply, 2.0 stakers are currently shouldering 36.5% larger losses compared to the general Ethereum market.” Source link

A descending triangle pattern has been pressuring Bitcoin (BTC) for the past three weeks and while some traders cite this as a bullish reversal pattern, the $19,000 support remains a crucial level to determine the bulls’ fate.  BTC-USD 12-hour price. Source: TradingView Despite the apparent lack of a clear price bottom, Bitcoin derivatives metrics have significantly improved since June 30 and positive news from global asset manager VanEck may have eased traders’ sentiment. On July 5, two… Source link