Category: CryptoX News

Crosses 10 EH/s in May, Aims for 25 EH/s by Year-End

Bitcoin miner HIVE Digital Technologies (HIVE) has surpassed 10 exahash per second (EH/s) in hashrate capacity, a 58% increase from April, driven by the launch of a 100-megawatt hydro-powered site in Paraguay. The company said in a press release on Friday that it’s on track to reach 25 EH/s by the end of 2025. The firm mined 139 bitcoin in May, or an average rate of 4.5 BTC per day. Peak capacity hit 10.4 EH/s while average hashrate for the month stood at 8.5 EH/s. HIVE said its fleet efficiency…

AVAX Surges 6% After Musk/Trump Dispute Sell-Off

Crypto markets were shaken on Thursday when U.S. President Donald Trump and Tesla CEO Elon Musk engaged in a heated argument on social media over the U.S. national debt, which cumulated in the world’s richest man endorsing Trump’s impeachment and claiming the twice-elected politician was implicated in the Jeffrey Epstein files. Avalanche’s token, AVAX , was among those hit, dropping to as low as $18.48 from $20.14. It has since rise 6% to $19.65 to reclaim nearly 58% of the losses while forming a promising ascending channel pattern with resistance…

Price Bounce to Near $104K, Though Encouraging, Falls Short of Bull Revival

This is a daily technical analysis by CryptoX analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s broader outlook is constructive, but its short-term prospects remain bleak, according to technical analysis. The leading cryptocurrency by market value has bounced back to nearly $104,000 from its overnight low of $104.30, alongside positive action in U.S. equity futures. However, a closer look at the hourly price chart reveals that the bounce is likely a classic breakdown and retest play – the cryptocurrency dove out of a head-and-shoulders pattern on Thursday, signalling a short-term…

XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?

Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The XRP price has now moved back into bearish territory after a remarkable run on the daily chart that had been signaling possible bullish momentum. Crypto analyst Master Ananda points this out in a post that shows a disturbing…

SHIB Price Drops 5% as Dormant Whale Takes Profit, What’s Next for Shiba Inu?

Key Notes SHIB dropped to $0.000012 support zone, losing 4.5% value in the past day. A major whale exited after three years, moving 100.45 billion SHIB to Binance. The whale’s realized gains were $311K, which is well below its peak $2.7 million unrealized profit. Shiba Inu SHIB$0.00001224h volatility:3.8%Market cap:$7.27 BVol. 24h:$262.50 M, one of the top meme coins, has slipped to a crucial support zone of $0.000012 after losing over 4.5% in the past 24 hours.  This price drop comes as a major SHIB whale cashed out its holdings after…

Bitcoin ETFs hit with $278 outflows amid Trump-Musk feud

Bitcoin exchange-traded funds (ETFs) in the United States turned red amid worsening sentiment stemming from the ongoing feud between US President Donald Trump and billionaire Elon Musk. After a brief recovery on June 3 and 4, US spot Bitcoin (BTC) ETFs were again hit with outflows on Thursday, totaling $278 million, according to SoSoValue data. The outflows came as the Cryptocurrency Fear & Greed Index flipped from “Greed” to “Fear” on June 6, likely in response to the rupture of the previously close relationship between Trump and Musk, which has…

Uber signals interest in stablecoins to streamline global payments

Ride-hailing company Uber is exploring the use of stablecoins to streamline global payments and reduce transaction costs associated with cross-border transactions. During his appearance at the Bloomberg Tech Summit in San Francisco on 5 June, Uber CEO Dara Khosrowshahi confirmed the company is in the “study phase” of evaluating stablecoins as a potential tool for international money movement. Stablecoins offer “a practical benefit other than crypto as a store of value,” describing the technology as “super interesting” for global businesses.  According to Khosrowshahi, while opinions on Bitcoin vary, stablecoins stand…

DOJ Seizes $7.74M in Crypto Tied to North Korean Tech Ring

North Korea’s sprawling crypto laundering network has been hammered as U.S. authorities seized $7.74 million tied to fake IT jobs, blockchain trickery, and weapons funding. DOJ Targets North Korea’s Crypto Laundering Network With Asset Seizure The U.S. Department of Justice (DOJ) announced on June 5 that it has filed a civil forfeiture complaint seeking to […] Source CryptoX Portal