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QCP warns Strategy’s overhang could cap Bitcoin’s upside despite U.S-Iran deal
Singapore-based crypto trading desk QCP Capital has warned that Bitcoin may fail to benefit from the U.S-Iran deal. According to QCP’s analysts, Strategy had limited coverage for dividend payouts. As such, it could be forced to sell more…
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Can the 198% step up in ASTER buybacks, burns reverse its bearish fortunes?
Aster hiked by 1.34% in the last 24 hours, with the daily trading volume spiking by 366%. However, ASTER’s rally had pushed the crypto from $0.661 to $0.803 on Wednesday, 17 June.
This 21% move came because of an official announcement…
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XRP’s price hits bullish target, but here’s why the next sell-off might not be far
XRP has had a relatively quiet 24 hours of trading. It was above the $1.18-local resistance level, but has only moved by 0.21% since. This, despite its daily trading volume shrinking by 44%.
Spot XRP ETF flows have been positive for the…
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XRP – Uneven demand caps XRP’s latest surge after altcoin breaches $1.18
XRP’s latest advance pushed the price above the $1.18-zone, a level that repeatedly capped recovery attempts following the early June sell-off from $1.36.
The surge pushed XRP’s price to $1.22 and coincided with a 94% surge in daily…
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After PYTH’s 14% surge off record low, can it now clear THIS wall of sellers?
Pyth Network has joined the growing list of cryptocurrencies battered by heavy capital outflows sweeping the market. In fact, more than $584 billion in value have drained away over the past month, with the same weighing down on some…
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Crypto Fear and Greed Index moves out of ‘Extreme Fear,’ rises to 19
The TOTAL crypto market cap is still grinding lower, down 0.27% on the week.
That extends a 4-week downtrend, with more than $500 billion in outflows in under a month, showing strong sell pressure, likely more panic-driven than…
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Bitcoin – Assessing the risk of miners seeing a repeat of 2022’s shutdowns
Bitcoin’s short-term holders were forced into the deepest stress phase of the cycle during the recent price drop to $59.1K. At the time, short-term holder whales were facing unrealized losses of $16.4 billion, increasing the risk of…
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Worldcoin – All about WLD’s 12% price surge after buyers return to the market
WLD emerged as among the stronger performers in the market today after posting notable gains over the last 24 hours. This, after the token’s prices surged by 12% to $0.54.
This move came on the back of buyers become increasingly…
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Strategy buys 1550 BTC, but Bitcoin has a bigger problem – Here’s why!
Strategy is back to buying Bitcoin after selling a small part of its holdings last week. Interesting timing, because long-term Bitcoin holders have been seeing much lower profits than before lately.
Needless to say, this puts Bitcoin in…
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SEI faces selling pressure – Is a recovery to $0.06 still possible?
SEI’s price action is struggling to find support, with the $0.049 level broken. Selling pressure remains strong, and derivatives data show traders turning cautious. At press time, Open Interest (OI) has fallen 7% to $29 million,…
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