“This weekend could be another testing period for the cryptocurrency, despite the resilience shown this week in holding back above such a major level,” Oanda senior market analyst Craig Erlam said. “The support still looks shaky below and another break could see confidence in the space really put to the test.” Source link

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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

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

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

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

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

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

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

Hackers have struck layer 1 blockchain Harmony’s Horizon bridge, stealing $100 million in cryptocurrency. The exploit was revealed in a tweet in the early hours of Friday morning. The Harmony team revealed that it had “identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM.” It went on to add that the address of the culprit had been identified and that the Harmony team are working with “national authorities and forensic specialists” to retrieve the stolen… Source link