Key points: Bitcoin’s bounce from the $100,000 shows buyers are committed to the overarching bull trend. Select altcoins have broken below respective support levels, suggesting further weakness for mid-caps in the near term. Bitcoin (BTC) has held above the psychological support of $100,000, but the strength of each will determine whether or not the bullish…
Key takeaways Honeypot scams lure investors with fake liquidity, price movement and hype, but the contracts are rigged to prevent exits, locking funds permanently. Modern honeypots include tampered cold wallets sold via platforms like TikTok, preloaded with private keys that scammers use to steal funds instantly. Variants like high sell tax honeypots and “honeypot-as-a-service” kits…
Bitcoin treasury adoption by public companies has become the new altcoin season for cryptocurrency speculators, Adam Back said on Monday. Bitcoin (BTC) treasury season “is the new ALT SZN for speculators,” said Back, co-founder and CEO of Blockstream and the inventor of Hashcash.“Time to dump ALTs into BTC or BTC treasuries,” he added. Bitcoin treasury…
Ether whales are betting hundreds of millions of dollars on the price recovery of the world’s second-largest cryptocurrency despite geopolitical tensions that are sidelining investors and dampening risk appetite. One whale (a large cryptocurrency investor) has opened an Ether (ETH) long position of over $101 million with 25x leverage at the entry price of $2,247,…
Cryptocurrency investment products continued to attract strong investor interest last week despite major crypto assets like Bitcoin and Ether posting notable price drops. Global crypto exchange-traded products (ETPs) recorded $1.24 billion of inflows for the trading week ending June 20, CoinShares reported on Monday. With the latest inflows, crypto ETPs continued breaking year-to-date (YTD) inflow…
Cybersecurity firm Hacken has blamed a private key leak that allowed a bad actor to mint and loot $250,000 worth of the ecosystem’s native Hacken Token (HAI), causing it to plummet around 99% on Saturday. In an X post, Hacken said the private key was connected to an account with a minting role on the…
Key points: Bitcoin fell below the $100,000 support on Sunday, but a rebound could depend on how US stock futures open. Bitcoin’s weakness has pulled ETH, XRP, SOL, and HYPE below their respective support levels. Bitcoin (BTC) nosedived below the psychological $100,000 support on Sunday as traders digested the US strike on Iran’s nuclear facilities….
Key takeaways: An Ethereum whale accumulated $39 million in ETH during a sharp market sell-off triggered by US airstrikes on Iran. Ethereum mega-whales added over 116,000 ETH on June 21, signaling strong buy-the-dip sentiment. Technical patterns suggest ETH could rebound 25% toward $2,735 in the short term. A high net worth Ethereum trader has accumulated…
Key points: Bitcoin remains stuck in a range, with traders’ expectations divided about the direction of the next significant move. Several major altcoins are showing weakness, suggesting that a wider trend reversal could be at play. Bitcoin’s (BTC) volatility increased on Friday, but the price remains stuck inside the large $100,000 to $111,980 range. Market…
Despite another week of downside for the cryptocurrency market, the staked Ether supply reached a new all-time high, meaning over 28% of the token’s supply is now locked in exchange for passive income. A growing staked Ether (ETH) supply indicates that more investors are preparing to hold their tokens, instead of selling at current prices….