Ethereum records another day of heavy liquidations as Mt. Gox bearish pressure persists
Ethereum (ETH) is down nearly 5% on Friday following the Mt. Gox BTC repayment, sparking more than $108 million in ETH liquidations. The repayment's supply strengthened the bearish momentum on Bitcoin, which spiraled into altcoins like ETH.
WIF and BONK post gains amid wider market drawdown
Solana meme coins dogwifhat (WIF) and BONK surprisingly stood out as outliers on Friday, posting gains of 7% and 2% despite the bloodbath across tokens in the meme coin sector.
APT, XAI, and IMX: Could these three token unlocks lead to further decline?
The crypto market will see a new wave of token unlocks in the coming weeks, with Aptos (APT), XAI, and Immutable (IMX) set to flood the market with $161 million worth of new supply. However, with these tokens currently experiencing drawbacks following the market's bearish outlook, the unlock event may spur further price drops.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD stays pressured below 1.0850 on France's hung parliament
EUR/USD is under pressure below 1.0850 early Monday, dented by the French election results which suggest a hung parliament and renewed fiscal concerns. A broad US Dollar rebound also weighs on the pair. French political updates and EU Sentix data eyed.
GBP/USD steadies around 1.2800 amid modest recovery of US Dollar
GBP/USD keeps its range at around 1.2800 in early European trading on Monday. The US Dollar recovery drags the pair lower while traders remain wary after the UK elections and ahead of Powell's testimony and US CPI data due later this week.
Gold down but not out, as upside bias stays intact
Gold price is correcting lower from near six-week highs of $2,393 set on Friday, despite a broadly subdued US Dollar. A modest recovery in the US Treasury bond yields and China’s pause on Gold buying for the second consecutive month in June.
Bitcoin falls below $55,000 level
Bitcoin dropped below $56,552 on Sunday, disrupting market structure and signaling a bearish outlook. Ethereum and Ripple also revisited their support levels, slipping below critical thresholds.
French election: It’s all over for Marine Le Pen, but the left weighs on the Euro
The deciding vote in the French Parliamentary elections closed this evening, and the exit poll suggests a shock result. The winning party is the left alliance, the popular front, which was pulled together to try and keep Le Pen’s far right National Rally party out of power.