Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding additional mining coverage.
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Price analysis 6/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
The United States equities markets rallied sharply on June 2 even though the nonfarm payrolls in May rose 339,000, blowing past economists’ expectations of a 190,000 increase. A few analysts pointed out that the market was possibly encouraged by the slower growth rate of hourly earnings which was slightly below estimates and an uptick in the unemployment rate.
The rally in the equities markets failed to act as a tailwind to the cryptocurrency markets, which remain stuck in a range. Galaxy Digital CEO Mike Novogratz said in an interview with CNBC that the lack of enthusiasm in the crypto markets was due to absence of institutional buying.
Daily cryptocurrency market performance. Source: Coin360Bitcoin’s (BTC) historical performance in June does not give a clear advantage either to the bulls or the bears. According to CoinGlass data, between 2013 and 2022, there have been an equal number of positive and negative monthly closes in June.
Will buyers defend the respective support levels and start a strong recovery in Bitcoin and select altcoins? Let’s study the charts of the top-10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin has been trading inside a descending channel pattern for the past few days. The price closed below the 20-day exponential moving average ($27,239) on May 31 but the bears are struggling to maintain the lower levels.
Price analysis 6/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players.
Taurus deploys on Polygon blockchain for asset tokenization and custody
Taurus raised $65 million in a funding round three months ago. Its clients can now issue digital securities automatically.
CFTC commissioner says proposal to reassess risk management could consider crypto
Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management.
Bitcoin 'big move' due in July after March $30K push — latest analysis
Bitcoin has been busy "perfectly" mimicking its moves from after the March 2020 crash, QCP Capital argues.
Bitcoin ‘big move’ due in July after March $30K push — Latest analysis
Bitcoin “consolidation” could end by July, new research predicts as optimism over a BTC price breakout returns.
In its latest market update on June 2, trading firm QCP Capital revealed a bullish bias on both Bitcoin (BTC) and the largest altcoin, Ether (ETH).
QCP Capital: Bitcoin consolidation “played out perfectly”
Bitcoin price has been ranging between $26,000 and $31,000 since mid-March, but analysts are increasingly calling time on the sideways action.
QCP Capital is among them, predicting a change of course as soon as the end of the month.
This, it argues, is thanks to the United States debt ceiling “sideshow” vanishing, leaving Bitcoin closely mimicking its consolidation and breakout phase from 2020.
Web3 gaming gets competitive edge as Maniac Panda Games joins Cointelegraph Accelerator
European game studio Maniac Panda Games aims to onboard mainstream players to Web3 with its flagship MMO title.
Europe’s right-wing political groups find cause in crypto
Right-wingers are often advocates of Bitcoin, especially the decentralized nature of the currency. But does that mean crypto is a right-wing thing?
US debt ceiling, declining trust in banks send ETH staking to record highs
The record surge in Ethereum staking in May was attributed to the ongoing U.S. debt ceiling saga, deterring confidence in USD, the downfall of banks and the high APR offered on the ETH staking.
OpenAI gets warning from Japanese regulators on data collecting
Japanese privacy watchdog warned OpenAI about collection of sensitive data without permission or else further action will be taken.
Here's how developers aim to store crypto inside NFTs
From being an inventory system for gaming to being used in DAOs, Future Primitive’s Jayden Windle and Benny Giang spoke about use cases for ERC-6551.
Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’
Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force.
BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewTraders bet on $27,500 BTC price ceiling
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,519 on Bitstamp after the daily close.
The pair showed little signs of trend change as a stalemate between bulls and bears continued to produce little volatility.
The collection of moving averages (MAs), as well as the short-term holder (STH) realized price, near $26,000 thus stayed untested on intraday timeframes.
Analyzing the current setup, popular trader Crypto Ed considered the potential for upside topping out at $27,500.
Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’
BTC price upside is likely limited, market participants argue, with Bitcoin pinned below $27,500.
Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’
BTC price upside is likely limited, market participants argue, with Bitcoin pinned below $27,500.
Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’
Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force.
BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewTraders bet on $27,500 BTC price ceiling
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,519 on Bitstamp after the daily close.
The pair showed little signs of a trend change as a stalemate between bulls and bears continued to produce little volatility.
The collection of moving averages (MAs) and the short-term holder (STH) realized price near $26,000, thus staying untested on intraday timeframes.
Analyzing the current setup, popular trader Crypto Ed considered the potential for upside topping out at $27,500.
How to access Bitcoin network data without advanced IT skills
Use user-friendly tools like blockchain explorers and public databases to access Bitcoin network data without advanced IT skills.
How to access Bitcoin network data without advanced IT skills
Use user-friendly tools like blockchain explorers and public databases to access Bitcoin network data without advanced IT skills.
DCG asks judge to consolidate class-action suits to avoid conflicting decisions
Digital Currency Group CEO Barry Silbert argued in a letter to Judge Stefan Underhill that both cases share the same facts, legal issues and near-identical class definitions.
Qatar gets slammed for not taking enough action against crypto companies
Qatar has been told by the Financial Action Task Force to improve its “understanding of more complex forms” of financial crime.