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A visual representation of the digital Cryptocurrency, Bitcoin. A new report says the technology’s security is vulnerable. Dan Kitwood/Getty Images hide caption toggle caption Dan… Source link

More than half of Bitcoin (BTC) addresses are still in profit, raising questions about the severity of the current “bear market.” Data from on-chain analytics firm Glassnode confirms that as of June 20, 56.2% of addresses were still worth more in United States dollar terms than when their coins entered them. Profitability fails to match previous market bottoms As BTC/USD fell to 19-month lows of $17,600 over the weekend, analysts braced for what they assume will turn out to be a retracement… Source link

The crypto markets saw their best day in over a month, with tokens across the market seeing gains in excess of 15%. This is despite a study by Linkedin claiming that most CEOs are expecting a recession within the next 12 months and a potential increase in unemployment caused by high inflation. As many claim that the crypto market is still dictated by institutions and the regular stock market, it is encouraging to see the recent disassociation and shows why long-term investors see crypto as a… Source link

Short term Elliott Wave view in Ethereum (ETH/USD) suggests that the decline from March 28, 2022 high is unfolding as a zigzag Elliott Wave structure. Down from March 28, 2022 high, wave ((A)) ended at 1700 and wave ((B)) ended at 1918.17. Wave ((C)) lower is currently in progress as the chart below shows. Internal subdivision of wave ((C)) is unfolding as a 5 waves impulse structure. Down from wave ((B)), wave 1 ended at 1725.21 and rally in wave 2 ended at 1874.03…. Source link

Bitcoin may have bottomed, but Ethereum price suggests otherwise for these reasons Ethereum price is in the middle of two complex scenarios which will yield a level of unpredictability for the future smart contract’s token. Institutional players have been scalping Ethereum with multi-million dollar positions. Venture capitalist firm Three Arrows Capital swung a 33 million dollar Ethereum position during the 3rd weekend of June. The firm was able to capitalize on an… Source link

The inventor of Ethereum Vitalik Buterin and his father Dmitry “Dima” Buterin talked about the crypto market, volatility, and speculators. In an interview with Fortune Magazine Buterin claimed he is unbothered by ETH’s price downside action. Related Reading | Glassnode: $7B In Bitcoin Losses Realized In Just Three Days, Highest In BTC History Buterin and his father claimed they are used to volatility. The second crypto by market capitalization dropped from… Source link

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Bitcoin’s (BTC) month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls’ current hope depends on turning $20,000 to support, but derivatives metrics tell a completely different story as professional traders are still extremely skeptical. BTC-USD 12-hour price at Kraken. Source: TradingView It’s important to remember that the S&P 500 index dropped 11% in June, and even multi-billion dollar companies like… Source link

Most investors in the crypto market have been feeling the heat ever since digital assets like Ethereum began their downtrend. Being more than 70% down from its all-time high, it’s no secret that a good number of investors are held holding Ethereum bags that are currently in the loss. However, there are some that have been hit incredibly hard in this market. Mostly due to the absolutely degenerate positions that they have taken in the market. Ethereum Wallet… Source link

Canada’s Purpose Bitcoin ETF (BTCC) witnessed its Bitcoin (BTC) holdings slashed by half in just one day, suggesting an alarmingly waning buying sentiment among the crypto’s most-experienced investors. Purpose Bitcoin ETF has 51% of AUM slashed The fund’s holdings dropped from $47,818 BTC to 23,307 BTC between June 16 and 17, its lowest level since October 2021. The 51% drop in BTC holding is also the biggest daily outflow ever. Purpose Bitcoin ETF holdings. Source: Glassnode Interestingly,… Source link