Bitcoin sees signs of
profit-taking as 'big whales' continue their sell-off, adding downward pressure on the market. Meanwhile,
Shiba Inu dips as it breaks its high-volume support, and similar falls are observed in
PepeCoin, unable to exceed its 200-Day Average. Amidst this, PAIRMiner launches a
cloud mining service with daily profits and support for Bitcoin and Dogecoin. Bitcoin continues its impressive run with new record highs above
$109,000, and subsequently,
$111,000 as Bitcoin ETF's muster momentum with the green light in the sector. The positive trend continues as Bitcoin price reaches another record high, despite the US dollar plummeting and signs of credit loosening. Bitcoin traders and analysts appear bullish, eyeing the
$107.5K zone as pivotal for new record highs. Amid this, Bitcoin mining difficulty is set to soar once again, mirroring the surging
hashrate. These bullish signals coincide with record-breaking Bitcoin open interest as market participants anticipate new BTC price milestones. An alternate coin,
Binance Coin, also is facing volatility while meme coins like
Trump's MemeCoin draw attention from high rollers.
Ethereum charts target $4K as transaction fees rise, lending more momentum to crypto. In contrast, Bitcoin falls below $104K, but market data suggests a potential rebound. Various cryptocurrencies like XRP, ATOM faces volatility, and high volume selloff is triggered by global economic tensions. Amid this, Trump's meme coin nose dives considerably from its peak, while Bitcoin bounces back, crossing the
$110,000 mark. The narrative appears to be that Bitcoin high-entry buyers increase sell pressure, with the price speculated to 'floor' at $70K.
HIGH Coin News Analytics from Tue, 15 Oct 2024 07:00:00 GMT to Wed, 04 Jun 2025 12:23:15 GMT -
Rating 5
- Innovation -2
- Information 8
- Rumor -9
