Bitcoin drops below $59K following US government's $591 million Silk Road BTC transfer
Bitcoin briefly dropped below $59K on Wednesday following news that the US government had moved 10,000 BTC to Coinbase Prime. On-chain data also shows a trend change in Bitcoin's price correlation to the BTCE fund reserves.
Ethereum ETF inflows and low CPI could help ETH stage rally amid Jump Crypto headwind
Ethereum (ETH) is down 1.7% on Wednesday as low Consumer Price Index (CPI) inflation data and rising ETH ETF inflows hint that a rally may be imminent. However, a key trendline suggests ETH may repeat history by consolidating for a few weeks before beginning a fresh upward move.
PEPE could decline further as long-term holders continue to shed holdings
PEPE is down nearly 2% on Wednesday following key insights that long-term holders have been consistently booking profits since March. The move appears to be creating a head-and-shoulder pattern on the daily chart for PEPE, which can trigger a heavy correction.
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Bitcoin drops below $59K following US government's $591 million Silk Road BTC transfer
Bitcoin briefly dropped below $59K on Wednesday following news that the US government had moved 10,000 BTC to Coinbase Prime. On-chain data also shows a trend change in Bitcoin's price correlation to the BTCE fund reserves.
Ethereum ETF inflows and low CPI could help ETH stage rally amid Jump Crypto headwind
Ethereum is down 1.7% on Wednesday as low Consumer Price Index inflation data and rising ETH ETF inflows hint that a rally may be imminent. However, a key trendline suggests ETH may repeat history.
PEPE could decline further as long-term holders continue to shed holdings
PEPE is down nearly 2% on Wednesday following key insights that long-term holders have been consistently booking profits since March. The move appears to be creating a head-and-shoulder pattern on the daily chart for PEPE, which can trigger a heavy correction.
Coinbase set to launch tokenized Bitcoin on Base network
Coinbase revealed its plans to launch a wrapped Bitcoin token with the ticker cbBTC on its Base network in an X post on Wednesday. The announcement comes after Bitgo announced its plans to move wBTC ownership to Bit Global, stirring massive criticism.
Bitcoin: Can BTC bounce back from recent market crash?
Bitcoin (BTC) trades above $60,000 on Friday after a 7.2% decline and a dip below the $50,000 level earlier in the week, following a test of its daily support level at around $49,900 on Monday.