Tag: cryptotelegram

  • Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point

    Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point

    On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a positive and a negative breakout. Glassnode’s analysis of Uniswap and futures trading volumes reveals that the uptrend that began in the first quarter […]

  • Bitcoin price bounces past $26K as Coinbase news fails to shake bulls

    Bitcoin price bounces past $26K as Coinbase news fails to shake bulls

    Bitcoin (BTC) recovered some of its lost ground after the June 6 Wall Street open despite new legal action from United States regulators. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView Analyst sees Coinbase news marking BTC price low Data from Cointelegraph Markets Pro and TradingView tracked an ongoing rebound for BTC/USD, which reached $26,250 on […]

  • Tornado Cash 2.0: The race to build safe and legal coin mixers

    Tornado Cash 2.0: The race to build safe and legal coin mixers

    When the U.S. government sanctioned coin mixer Tornado Cash, many thought it might spell the end for illicit crypto mixing services. But they’re back — and with a glossy new institutional sheen and legit use cases to help traders and funds keep their market moves a “trade” secret. Tornado Cash is what is known as […]

  • Bitcoin traders bet on $24K BTC price as market digests SEC vs. Binance

    Bitcoin traders bet on $24K BTC price as market digests SEC vs. Binance

    Bitcoin (BTC) circled $25,800 on June 6 as the aftermath of fresh panic over the largest exchange, Binance, lingered. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView BTC price risks losing multimonth range Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it steadied after dropping to near three-month lows. The weakness came from […]

  • First Mover Americas: Crypto Markets Stay Down Following SEC Suing Binance

    First Mover Americas: Crypto Markets Stay Down Following SEC Suing Binance

    This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Crypto markets held Monday’s losses on Tuesday, the day after the U.S. Securities and Exchange Commission (SEC) sued crypto exchange Binance and its founder Changpeng “CZ” Zhao […]

  • Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

    Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

    Bitcoin’s price declined 5% in one hour on June 5 after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance on allegations of violating federal securities laws. Even though the $25,500 support held for Bitcoin, investors are still digesting the potential impacts of the regulatory action, which also involves Binance CEO Changpeng […]

  • Bitcoin price will get ‘another test’ of 200-week trend line — analyst

    Bitcoin price will get ‘another test’ of 200-week trend line — analyst

    Bitcoin (BTC) fell to multi-day lows at the June 5 Wall Street open as action heated up on exchanges. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Van de Poppe: Trend line failure could mean “bottom isn’t in yet” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD wicking to $26,640 on Bitstamp. Down nearly […]

  • ‘$31K was not the end’ — 5 things to know in Bitcoin this week

    ‘$31K was not the end’ — 5 things to know in Bitcoin this week

    Bitcoin (BTC) starts the second week of June in familiar territory, but a breakout is coming, investors say. After a calm weekly close, BTC/USD is firmly in its established trading range, while under the hood, market participants are preparing for some dramatic shifts. It has been a long time coming, and for seasoned traders, the […]

  • Bitcoin price chart flashes a bullish sign that could lead to breakouts in ADA, QNT, RNDR and RPL

    Bitcoin price chart flashes a bullish sign that could lead to breakouts in ADA, QNT, RNDR and RPL

    The United States equities markets welcomed the debt ceiling deal and the May nonfarm payrolls data on June 2 with strong rallies. The S&P 500 rose 1.8% during the week while the tech-heavy Nasdaq was up 2%. This was the sixth successive week of gains for the Nasdaq, the first such occasion since January 2020. […]

  • Bitcoin Retail Demand to Remain Strong Ahead of Halving Event: JPMorgan

    Bitcoin Retail Demand to Remain Strong Ahead of Halving Event: JPMorgan

    Retail demand for bitcoin (BTC) is likely to remain strong over the coming year ahead of the next halving event for the world’s largest cryptocurrency, JPMorgan (JPM) said in a research report Thursday. Recent increase in retail demand can be partly attributed to the advent of Bitcoin Ordinals and BRC-20 tokens, the report said, but […]