The past week or so has been nothing short of a bloodbath in the cryptocurrency markets, with bitcoin plummeting to $59,000 on Friday for the first time in 19 months. Aside from losing more than $20,000 in approximately three weeks, BTC’s calamity dragged almost all altcoins. This has intensified the pressure on the largest corporate […]
Ethereum has entered a decisive bearish phase after losing multiple high-timeframe support levels in a matter of days. The latest sell-off pushed ETH through a major confluence zone that had previously acted as support throughout the first half of the year, placing the market at a critical juncture where buyers must defend lower demand levels […]
Friday was a brutal day for essentially all financial markets, even though the only notable news that went live was positive, as the US saw the strongest jobs report in a year and a half. The analysts at the Kobeissi Letter tried to simplify what transpired and explain why markets reacted in such a painful […]
In such times of distress where all crypto assets head south, including the largest altcoin, the retail public generally turns to more experienced and prominent names to look for support. In an interesting development, though, one of the key crypto figures with a long connection to Ethereum, ConsenSys co-founder Joseph Lubin, has made a large […]
The biggest banks on Wall Street are reportedly going to launch a tokenized deposit network in the first half of 2027. The effort is being led by the Clearing House, a real-time payments company co-owned by major financial institutions including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Project to Bridge Traditional Payments with […]
Bitcoin’s recent crash began with a violent rejection at $82,000 that drove it south to $59,000 on Friday, which became its lowest price tag since before the US presidential elections in November 2024. Following such a painful decline, the asset has dropped into a critical zone where long-term indicators and historical patterns begin to converge. […]
It was difficult to imagine in mid-May how much the cryptocurrency landscape could change for the worse in such a painful manner in the following three weeks. Aside from BTC, which dumped beneath $60,000 for the first time since November 2024, and ETH plummeting to a 14-month low, XRP also slipped below crucial support levels […]
The bears have taken total control of the crypto market lately, suppressing the prices of multiple leading digital assets, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), Cardano (ADA), and many more. Nonetheless, a handful of tokens have managed to remain in green territory, with Worldcoin (WLD) among them. What’s Coming Next? A few […]
Around 26,000 Bitcoin options contracts will expire on Friday, June 5, with a notional value of roughly $1.6 billion. This is smaller than last week’s end-of-month event, so it is unlikely to impact spot markets. Crypto markets have been in sharp decline all week, with more than $300 billion leaving the space as Bitcoin continues […]
Bitcoin (BTC) dropped below $62,000 on June 4, with the move coinciding with the first meaningful pullback in the flagship cryptocurrency’s dominance in nearly eight months, according to analyst CrediBULL Crypto. This has prompted several observers to revisit the possibility of an altcoin-led market phase, as the assets have shown unusual resilience during BTC’s decline, […]