What You Need to Know Although the crypto market lost hundreds of billions of dollars in value in May, Bergquist expects long-term growth for Bitcoin and Ethereum. Crypto expert Ric Edelman warns that financial advisors risk losing credibility if they can’t discuss digital currency with their clients. Advisors who want to help clients who are interested in cryptocurrencies should keep it simple, Bergquist says. CONTINUE READING BELOW ▼ The case for cryptocurrency and… Source link

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June 7 (Reuters) – As the crypto winter creeps into June, the first signs of a thaw are emerging. Some investors are now betting that bitcoin is bottoming out, judging by the money heading into listed cryptocurrency funds, which represent just a slice of the market yet are popular among institutional and retail players alike. Overall flows into such funds turned positive last month, with a weekly average inflow of $66.5 million, a reversal from a dismal April when they saw a weekly average… Source link

PayPal announced on Tuesday that crypto users can now move funds off its platform, a long-awaited feature that will make the company’s offering more like other popular cryptocurrency services. “Starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges,” the financial giant said in a statement. The ability to conduct external transfers on PayPal’s crypto platform, an image of which can be seen below, will start rolling out to users… Source link

Key Takeaways Ethereum has developed a descending triangle on its four-hour chart. If the $1,720 support level continues to hold, Ethereum could appreciate by as much as 25%. Conversely, if Ethereum breaks its support, a downswing to $1,300 looks likely. Share this article Ethereum remains stagnant in a no-trade zone that is getting narrower over time. Patience is advised until ETH can break out of this tight price pocket. Ethereum at a Crossroads Traders appear to be growing… Source link

advertisement Katie Haun’s Haun Ventures has led a $32 million fundraising round for Euler, a non-custodial protocol that allows users to lend and borrow digital assets.  Euler, which is built on top of the Ethereum blockchain, says it’s able to mitigate the risk of lending and borrowing assets through a framework that assigns each investment a tier depending on its risk.  “Euler takes a unique approach to address the risks associated with lending and borrowing crypto assets that… Source link

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists. The cryptocurrency universe is graced with unique projects and opportunities for investors and businesses alike. Still, in the sea of digital assets, there are only a few crypto projects that are worth your time and money. Finding the best one can be tasking and very much exhausting, and sometimes it might end up being a guessing… Source link

June 7 (Reuters) – As the crypto winter creeps into June, the first signs of a thaw are emerging. Some investors are now betting that bitcoin is bottoming out, judging by the money heading into listed cryptocurrency funds, which represent just a slice of the market yet are popular among institutional and retail players alike. Overall flows into such funds turned positive last month, with a weekly average inflow of $66.5 million, a reversal from a dismal April when they saw a weekly average… Source link

The prices of Bitcoin (BTC) and Ethereum (ETH) shed 6% and 7%, respectively, over the past 24 hours, wiping out recent gains. The swift and bearish price action also resulted in roughly $133 million in Bitcoin and Ethereum positions liquidated, according to Coinglass. The majority of these positions were longs. Currently, Bitcoin is changing hands at $29,587, down 5.85% over the day, according to data from CoinMarketCap. This also puts the largest cryptocurrency with a market capitalization… Source link

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