Month: June 2024

Solana Slides 15%, Can It Recover Despite Major Prediction?

boss

Solana (SOL) has been caught in the crypto current, tossed back and forth by recent market volatility. After an impressive rally earlier in 2024, SOL has dipped by 13% over the past week, leaving investors wondering what lies ahead. Related Reading Technical analyst, Patel, believes he may have charted a course for the high-speed blockchain’s future, and it involves a refreshing beverage. Examining the weekly SOL/USDT chart, Patel identifies a classic “Cup and Handle” pattern, a bullish indicator that resembles, well, a cup and its handle. Frothy Past, Steady Handle:…

Ethereum Network Activity Rises Amid Crypto Bearish Outlook Fueled by BTC’s Dip Below $63k

CoinspeakerEthereum Network Activity Rises Amid Crypto Bearish Outlook Fueled by BTC’s Dip Below $63k The total crypto market cap slipped over 3 percent in the past 24 hours to hover around $2.4 trillion on Monday, June 24, during the early European session. The bearish crypto sentiment escalated following the ebbing of the spot Bitcoin ETF demand in the last few weeks. According to the latest crypto oracles, Bitcoin price closed last week trading around a crucial support level of about $63k. The flagship coin had since dropped another 3 percent…

Bitcoin (BTC) Miners Are Attracting Growing Investor Interest Following Core Scientific (CORZ)’s AI Deal: JPMorgan

Overweight-rated Iris Energy (IREN) is best positioned to take advantage of the opportunity, the report said, noting that the company has excess power capacity and is not wedded to bitcoin mining. Iris Energy was early to embrace the HPC trend and is already running graphics processing units (GPUs) at its facilities, the bank noted. The firm has a track record of building and delivering high-quality data centers on time and has access to a decent amount of power. Source

Bitcoin Bears Target $60,000 Level As Price Continue To Decline

boss

Bitcoin is currently experiencing a notable decline, with its price steadily approaching the crucial $60,000 mark. The market sentiment has turned increasingly bearish, driven by a combination of macroeconomic factors and a recent surge in selling pressure.  This shift has seen Bitcoin struggling to maintain higher levels, triggering anxiety among investors and traders. As the bears take control, the $60,000 threshold becomes a focal point, with many watching closely to see if the crypto asset can find support or continue its downward trend. With the help of technical indicators, this…

Mt. Gox to start Bitcoin, Bitcoin Cash repayments in July

boss

The trustee of the failed crypto exchange Mt. Gox wrote in the latest notice that repayments in Bitcoin and Bitcoin Cash will start in July. Mt. Gox, once the world’s largest Bitcoin exchange, seems to be set to finally begin repaying its creditors 142,000 BTC, 143,000 BCH, and ¥69 billion (around $432 million) nearly a decade after its collapse. The trustee of the failed crypto exchange Mt. Gox, Nobuaki Kobayashi, wrote in the latest notice that repayments in Bitcoin (BTC) and Bitcoin Cash (BHC) will commence in early July 2024,…