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Bitcoin Back Under $30K, Rejected within Aggressive Seller Zone, What’s Next for BTC Price Ahead?

Bitcoin yet again failed to nullify the bearish impact as the prices slid down $30,000 in the early trading hours. The asset was expected to break out of the descending trend line with the recent surge beyond $32,000. However, the asset failed to withstand around the $31,500 to $30,300 area which is also a ‘high selling zone’. Currently, the bulls who are trapped above $32,000 may have to either close the deal in a loss or else wait for an extended period for a break-even deal.

coinpedia.org•24 min ago•2 min read

Alert Traders! Massive Ethereum Sell-Off Ahead, Will Ethereum Price Plunge Below $1800?

The global crypto market has lost momentum once again after a recovery phase earlier this week with sell-off signals. Ethereum (ETH) price, the world’s second-largest cryptocurrency, is down 6% today, hovering around $1800.

coinpedia.org•24 min ago•2 min read

Bitcoin Has Already Bottomed Out, But Don't Expect Quick Recovery, Says Arthur Hayes

Former BitMEX CEO Arthur Hayes has opined that the Bitcoin price has already reached the bottom of the current cycle.Last year, the Bitcoin price plunged to the $25,000 level during the collapse of the Terra blockchain project in early May.Hayes’s “bottom checklist” includes the decreasing correction between Bitcoin and the tech-heavy Nasdaq 100, Bitcoin trading at price levels close to the peak of the previous bull market cycle, and media gloating about “greedy plebs” who got burned by crypto.

u.today•24 min ago•2 min read

Optimism Proposal Suggests Airdrop Exclusion for OP Token Dumpers

As has been the case time and time again with crypto airdrops, token prices quickly crash as recipients instantly sell to markets after receiving their freebies.

cryptopotato.com•38 min ago•3 min read

Goblin Town NFT Is Grabbing Attention With $10 mln in Sales over 24 hours

Despite the crypto market’s downfall, a newly launched NFT project called Goblin Town is enjoying its skyrocketing sales and simultaneously grabbing people’s attention by popping up to be one of the new top NFT projects of the week. which seems to be unaffected by the market crash.

coinpedia.org•51 min ago•2 min read

Bitcoin Dominates Derivatives Market To End May On A High Note

Bitcoin’s dominance of the crypto market has been on the rise. This naturally comes with every downtrend in the market because although bitcoin takes a hit, the altcoins always record...

newsbtc.com•51 min ago•3 min read

Why Bitcoin May Have Hard Time Breaking Through $32K Barrier

Bitcoin maintains its crab-like price action as it continues to move sideways in lower and higher timeframes. The general sentiment in the market briefly turned bullish during today’s trade session,...

newsbtc.com•1 h ago•3 min read

Ethereum Merge Gets Closer As Ropsten Testnet Executes First Pilot

The long-awaited Ethereum Merge is much closer than anticipated. The Ropsten testnet will implement its unique Merge to offer app...

bitcoinist.com•1 h ago•3 min read

Bitcoin daily mining revenue slumped in May to eleven-month low

Bitcoin miners have had a tough month, with revenue and profitability tanking in May. Hash rates remain high, however.

cointelegraph.com•2 h ago•3 min read

Netscape creator says Web3 really is like the rise of the early internet

Billionaire tech entrepreneur Marc Andreessen says that the current proliferation of Web3 and blockchain technology looks just like the internet in the late 1990s.

cointelegraph.com•2 h ago•4 min read