Bitcoin trades at $61,433 on June 10, holding above a support zone that briefly broke on June 5 and 6 as Fidelity Digital Assets flagged that price dipped under the 200-week SMA near $61,800, a level historically tied to forced selling events. Bitcoin Daily Chart: RSI at 23 With Every EMA Pointing Down $BTC Daily
The crypto market faced renewed pressure in May as rising geopolitical risks and weaker investor risk appetite weighed on digital assets, according to Gate Private Wealth Management’s report. While major cryptocurrencies declined during the month, quantitative investment products moved in the opposite direction, with most strategies posting positive returns and limiting losses despite market volatility.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1663.81, down 1.4% (-24.03) since 4 p.m. ET on Tuesday. All of the 20 assets are trading lower. Leaders: CRO (-0.1%) and AAVE (-0.5%). Laggards: NEAR (-4.3%) and BCH
Bitcoin ($BTC) recently fell below $60,000 for the first time since February. Having recovered from that level, $BTC seems to have found support above $60,000. While analysts agree that $60,000 is a turning point for $BTC, analytics firm Matrixport said Bitcoin is facing triple pressure, primarily due to CPI data. According to Matrixport’s analysis, Bitcoin’s
Robinhood Securities says it has secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside Wall Street banks. Chief executive Vlad Tenev said in a Tuesday X post that Robinhood Securities is “now approved to serve as an underwriter,” without specifying which regulator granted the approval,
Pyth Network, a blockchain oracle and market data provider, has launched new pricing indexes for US stocks and commodities, a move aimed at supporting around-the-clock trading products across crypto exchanges. The company announced Wednesday that Coinbase, Kraken, dYdX and Nado are already using the indexes to power new trading markets. According to Pyth, the indexes
US-based equipment finance platform Trad.Fi announced plans to bring up to $650 million in private credit onchain over the next 48 months. The initiative targets one of the largest and least digitized credit markets in the US, the trillion-dollar industry funding manufacturing equipment, industrial systems and residential solar installations, according to an announcement shared with
Cryptocurrency market outflows reflect a sentiment shock, as geopolitics, rate expectations and capital rotation into artificial intelligence weigh on digital assets, according to James Butterfill, head of research at CoinShares. In a statement sent to Cointelegraph, Butterfill said that sentiment in crypto markets has “soured drastically” after billions of dollars flowed out of digital asset
Bitcoin (BTC) and altcoins have experienced sharp declines in recent days. This decline is attributed to increased tensions related to the US-Iran conflict, rising energy costs associated with the conflict, and increasing inflation concerns. Analysts are concerned that inflation, which the Fed has long been trying to bring down to its 2 percent target, will