Day: June 18, 2024

Crypto Majors Slide Further; SOL, DOGE Among Worst Affected

Crypto majors slid further during the European morning with some of the predominant altcoins and meme coins leading the plunge. SOL and DOGE were among the worst affected, currently trading 4.5% and 10% lower in the last 24 hours. Bitcoin fell below $66,000 to around $65,300, a dip of 0.9%, while ether is over 3.25% lower at $3,400. The CoinDesk 20 Index (CD20), which measures the broader digital asset market, is down just over 3% in the last 24 hours. Bitcoin ETFs also continued their dismal run, experiencing $145 million…

Potential Downtrend In Play? TON Struggles As Price Falls Below $7.7

boss

TON has experienced a dramatic price shift, falling below $7.7 three days after reaching an all-time high of $8.2. This sudden decline has caught the attention of investors and market analysts, raising concerns and sparking discussions about the potential implications of this sharp reversal.  It also follows a period of intense volatility and highlights the unpredictable nature of the cryptocurrency market. With TON’s price trajectory undergoing significant fluctuations, it’s essential to examine the factors contributing to this downturn and explore what this could mean for the future of TON and its…

Bitcoin ETF outflows continue, total amount falls below $15b

boss

Spot Bitcoin (BTC) exchange-traded fund (ETF) outflows continued as the week started. Consequently, the total net inflows of the investment products in the U.S. dropped below the $15 billion mark. According to data provided by Farside Investors, spot Bitcoin ETFs recorded a net outflow of $145.9 million on Jun. 17. Most of the outflows came from the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB), worth $92 million and $50 million, respectively. Moreover, the VanEck Bitcoin Trust (HODL) and Grayscale Bitcoin Trust (GBTC) also had smaller…

Beercoin (BEER) Dries Up, Loses 70% Of Its Value

boss

Beercoin, the effervescent Solana-based meme coin that promised a taste of financial freedom, is experiencing a hangover of epic proportions. After a meteoric rise in price earlier this month, Beercoin has come crashing down, plummeting by nearly 70% in a matter of days. This dramatic decline reflects a confluence of factors, including a broader crypto market correction, a hawkish Federal Reserve stance, and a concerning trend of insider selling. Related Reading Fed Tightens The Taps The Federal Reserve’s recent decision to adopt a more hawkish monetary policy, prioritizing inflation control…

Injective eyes new ATH while Bitcoin whales pivot to Raboo

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Speculation surrounds Injective’s potential to reach a new all-time high as Bitcoin whales shift their focus to the presale token Raboo. Much speculation is going on in the crypto market currently as two interesting but contrasting stories make the headlines. The first story hints at the possibility of Injective (INJ) returning to its previous all-time-high as it continues its current bull run.  However, the second seems to captivate investors…

Coinbase International Adds Support for Trading Pre-Launch Tokens

Coinbase International has announced its support for pre-launch markets, a platform that allows traders to trade perpetual futures contracts for tokens that are yet to launch. This feature offers traders the opportunity to participate in price discovery of upcoming projects within a secure environment. Pre-launch markets also carry unique considerations and elevated risks, including lower […] Source CryptoX Portal