CFTC Sues Gemini Over Futures Contract Statements
The opening of the trading week had seen bitcoin surge again and had touched as high as $32,000, albeit briefly. This recovery had taken the market by surprise given that indicators were pointing toward more bearish trends. Nevertheless, the recovery was a welcome sight as it put bitcoin on a track to end its red streak. The reason behind this rally remains shrouded in mystery, however, but open interest may provide an answer.
In a conversation with Bloomberg Law, Costa Samara, principal assistant director for energy for the white house office of science and technology policy, has revealed that the white house is setting up policies to lower cryptocurrency mining energy consumption.
Bitcoin can’t seem to catch a clean break ever since it crashed to its current range in mid-May. That remains the same narrative today after the Federal Reserve commenced its quantitative tightening measures. Bitcoin tanked by more than 5% following the start of Fed’s QT measures. FED will reportedly reduce its balance sheet by $47.5 billion in the first three months from today. That figure will increase significantly in the months to come....
Bitcoin (BTC) slumped over 5% on Thursday, erasing all of its recent gains as investors braced for more policy tightening by the Federal Reserve. The token slumped over 5% in the past 24 hours to $29,867, after rising as high as $32,000 in the past few days. The fall was triggered by the U.S. Federal Reserve, which began officially shrinking its $8.9 trillion balance sheet on Wednesday, in a bid to curb inflation. The move caused losses across most risk-driven assets. Equity...
The crypto community has predicted that the price of Cardano’s native $ADA token will surpass the $1 mark by the end of June, after the implementation of the Vasil hard fork, which is set to deliver considerable improvements to the network. A poll run on CoinMarketCap’s “price...
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice After taking off from the $0.057-support, Tron (TRX) has made impressive progress on its chart over the past seven weeks. Higher lows alongside steady highs beyond the 38.2% and 50% Fibonacci levels bagged in well-desired gains while outperforming major cryptos amidst the recent crash. A host of barriers around the $0.089-zone could fuel a near-term slowdown before the bulls aim to find...
Data from the Bitcoin ($BTC) blockchain shows that large whales on the network have been taking advantage of the cryptocurrency’s market downturn to accumulate more BTC after distributing their coins ahead of the recent sell-off. According to Glassnode’s latest on-chain report, a metric known as the “Accumulation Trend...
On Wednesday (June 1), Bitcoin is trading comfortably above the $31,500 level, which is leading to some crypto analysts to believe that Bitcoin will soon be heading higher toward the $33,000 level. According to data by TradingView, on crypto exchange Bitstamp, currently (as of 9:15 a.m. UTC on...