June 14, 2022

MicroStrategy Could Suffer Margin Call as Bitcoin Slips Below $21K

Bitcoin (BTC) fell to a critical price area for MicroStrategy on Tuesday after slumping to the $20.8K low in the Asian session today. The prevailing price decline could force the software company to stake more tokens against its Bitcoin-backed loan or offload some of its humongous BTC holdings, put...

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June 12, 2022

Bitcoin Slumps to $27K Low as Inflation Fears Worsen

Bitcoin (BTC) and the broader crypto market have suffered an unfavorable turn of events in the past 24 hours as the entire crypto market valuation plummeted to its lowest point since February 2021. Reports suggest that daily liquidations have surged past the $500 million mark. At press time, the en...

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June 09, 2022

Bitcoin Maintains Tight Range-Bound Momentum as Correlation with Stocks Strengthen

Bitcoin remained confined within the $30.3K to $30K axis on Thursday, as a BTC-stocks correlation became clearer at the US session open today. According to data from Cointelegraph and TradingView, the benchmark cryptocurrency could enter a bearish resumption as the S&P 500 began the day on the ...

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June 08, 2022

IOHK Announcement Sends Cardano (ADA) Soaring Towards $0.0700

Cardano (ADA) currently has 1,003 projects being built on its blockchain, according to a recent announcement from its host company, Input-Output HongKong (IOHK). This increased level of activity on the network has boosted investors’ confidence as ADA rallies. In recent times, reports show tha...

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June 07, 2022

Bitcoin Suffers False Breakout Near $32K; Sheds Over 6%

Bitcoin (BTC) suffered another botched attempt at $32K, as the benchmark cryptocurrency slumped by over 6% in the last 24 hours. At press time, the cryptocurrency has returned above the $29.5K support, maintaining its one-month range. Some factors appear to encourage some price gains for BTC in the...

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June 06, 2022

Solana Network Undergoes Update to Prevent Future Outages

The Solana (SOL) blockchain has been halted at least seven times over the past year due to several network outages that lasted hours. The latest network outage occurred last week with the blockchain unable to process durable nonce transactions properly. Developers on the network have created a netw...

#CRYPTOCURRENCY #NEWS #SOL #Solana #TechnicalAnalysis

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June 03, 2022

Ethereum 2.0 Staking on a Steady Rise Despite Worsening Bearish Momentum

According to recent reports from on-chain data provider Glassnode the amount of Ethereum (ETH) staked on the Beacon Chain smart contract has crossed 12.76 million tokens (worth $23 billion using the current exchange rate). The report noted that approximately 398,000 unique validators have staked ET...

#CRYPTOCURRENCY #ETH #Ethereum #NEWS #TechnicalAnalysis

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June 02, 2022

Bitcoin Miners Dump Holdings Amid Persisting Bearish Momentum

The persisting bearish sentiment appears to be affecting every sector of the cryptocurrency space, including the Bitcoin (BTC) mining space. Recent reports from Compass Mining showed that those tasked with sustaining network integrity and validating transactions on the Bitcoin network have begun du...

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May 31, 2022

Bitcoin Breaches Critical $31K Resistance Amid Booming Global Equities

Bulls took the crypto market by storm yesterday, pushing Bitcoin (BTC) to the $32K mark or 9%. The bullish row came after weeks of struggle with bearish and sideways momentum. The 9% rally was sponsored by global investors following a sharp rally in Asian and European equity markets. With American ...

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