Bitcoin (BTC) kept traders guessing into the June 5 weekly close as BTC price action closely mimicked last weekend. BTC/USD 1-week candle chart (Bitstamp). Source: TradingView BTC price traders $300 in the gree Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling its May 30 opening level at the time of writing, just $300 higher than seven days ago. With hours to go before the weekly candle closed, the pair thus retained the threat of sealing yet another lower low. This… Source link

As Ethereum’s transition to proof-of-stake (PoS) gets closer and the network’s hashrate taps another all-time high, the Ethereum 2.0 contract is close to nearing 13 million ether worth $22.6 billion using today’s ether exchange rates. Moreover, according to a decentralized finance (defi) educator, the $22.6 billion worth of ethereum that continues to grow won’t be unlocked until another upgrade is enforced following The Merge. Ethereum 2.0 Contract Nears 13 Million Ether… Source link

Bitcoin (BTC) stayed wedged in a tight range on June 4 as traders’ demands for a new macro low persisted. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Long-term holders begin ‘distribution’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stuck between $29,000 and $30,000 into the weekend. The pair had managed a revival to near $31,000 the previous day, but the last Wall Street trading session of the week put pay to bulls’ efforts. As “out-of-hours” markets… Source link

When using liquid staking, holders of cryptocurrency don’t need to decide whether to stake or access their assets to chase other possibilities. They can stake their tokens, get receipts that prove ownership of those tokens and use them to take part in the wider web3 economy. Let’s look at Filecoin (FIL) and CashFi (CFI) to see how they use liquid staking in Ethereum (ETH) to add security and profit for their investors. The Power of Ethereum (ETH) Ethereum (ETH) is an extremely powerful… Source link

The Litecoin price analysis for today shows LTC is in the recovery process. The bulls are attempting to take the price higher, and currently, the LTC/USD price has recovered up to $62.6 and it seems like the price will increase further today, but for that, the market sentiment must remain positive. After yesterday’s correction, the bulls are trying to break the pattern and continue their course as they have recovered the loss made by bears at the start of today’s trading session.

Ethereum price has come close to retesting the $1,731 support floor. A bounce off this barrier could trigger ETH to rally at least 16%. If sellers produce a four-hour candlestick close below $1,701, it will invalidate the bullish thesis. Ethereum price has been on a downtrend for roughly four days and is currently approaching a support level. The price action over the last ten days suggests the possibility of a reversal pattern that forecasts gains for ETH.

Arthur Hayes, the Former CEO of Bitmex, harped on the potential of Ethereum registering $10,000 in value by the end of 2022. But, he reiterates that the market could be turbulent, especially in the middle of the year. More so, Hayes also expressed his opinion regarding the downfall of Terra, which is the direct result of the increase in the rates of the Federal Reserve and the liquidity crises that pushed the stablecoin price to crash. Suggested Reading | Johnny… Source link

Bloomberg Green Climate change is the defining story of our time. Bloomberg Green brings you the news, science, and data to understand it in full. Every week, Bloomberg’s Kailey Leinz speaks to thought leaders and innovators, while our reporters around the globe bring you the stories of a changing planet. Issues, data, solutions, — this is Bloomberg Green. Source link

The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect against volatility and a possible decline in the value of the United States dollar.  For years, crypto traders have referred to Bitcoin (BTC) as “digital gold,” but is it actually a better investment than gold? Let’s take a look at some of the conventional arguments investors cite when praising gold as an… Source link

The end of the first week in June brought more pain to global financial markets as the tech-heavy Nasdaq composite closed the day on June 3 down 2.3%, while the S&P 500 shed 1.4% of its value.  The cryptocurrency market hasn’t faired any better and data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt to push Bitcoin (BTC) above $30,000 was hit with a wave of selling that dropped it to a daily low of $29,286. BTC/USDT 1-day chart. Source:… Source link