VeChain Price Forecast: VET collapse may continue as race for the exits intensifies
VeChain price is currently down over 20% and is one of the ten worst performing cryptocurrencies on the core coverage list. The break with the rounded top has been a powerful resolution for the unsettled price action that dominated VET over the last month. With no clear support until the May 23 low, the altcoin should endure further losses moving forward.
Cardano price void leaves ADA on the brink of a 25% drop
Cardano price had successfully held the 2018 high from May 24 until Saturday’s close below $1.40. Today’s weakness has confirmed the breakdown, and ADA may be beginning a larger decline that could involve a test of the psychologically important $1.00 or even a sweep of the May 19 low of $0.91.
Chinese banks to halt cryptocurrency transactions to implement government anti-crypto measures
China’s central bank has once reiterated its stance on cryptocurrencies, telling major financial institutions to stop facilitating digital asset transactions. China’s largest banks agreed to halt the support for customers who wish to trade Bitcoin and other cryptocurrencies after the central bank stepped up to enforce a government ban.
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Lukas Enzersdorfer-Konrad, Bitpanda deputy CEO: “Crypto needs Gary Gensler gone”
Lukas Enzersdorfer-Konrad is the deputy CEO at Bitpanda, a broker based in Europe with more than five million users. At the European Blockchain Convention held in Barcelona, the executive shared with FXStreet his views on the current state of the crypto industry and its regulation.
Bitcoin still consolidates despite positive spot ETFs demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
Why is ONDO’s price outlook bullish?
DefiLlama data shows that Ondo TVL reached a new ATH of $613.75 million. Ondo’s Supply Distribution metric shows whale accumulation. On-chain data shows that ONDO’s daily trading volume is rising, and the supply of exchanges is decreasing.
Maker price eyes a rally on technicals and on-chain metrics
Maker trades above $1,500 on Thursday, suggesting a potential rally as technical indicators show bullish divergence. This positive outlook is reinforced by MKR’s Exchange Flow Balance, which shows a negative spike, indicating growing investor confidence in the platform.
Bitcoin: Fed-led rally could have legs towards $65,000
Bitcoin is poised for a second consecutive week of gains, supported by the recent 50-basis-point cut in interest rates by the Federal Reserve. Bitcoin broke above several key technical resistances this week, signaling a rally continuation.
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