HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green
HYPE has been setting new all-time highs above $70 as the market faces selling pressure and uncertainty that has weighed on most assets across the crypto ecosystem. The divergence between HYPE’s performance and the broader market weakness has been one of the defining stories of recent weeks — and data from Lookonchain has surfaced a specific trade that captures the magnitude of what has been building in this asset over the past six months. Related Reading: Ethereum Flashes A Rare Signal As Open Interest Reaches Highest Level Since 2019 Six months ago, a trader identified as wallet....
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Ethereum is struggling below $2,000 as selling pressure and market uncertainty combine to keep the asset pinned beneath a level that has become the defining test of whether the recovery from the cycle lows has any structural foundation remaining. The price is under pressure — and an Arab Chain report tracking the Coinbase Premium Index has identified a signal in the US institutional demand data that provides a specific explanation for why the recovery keeps failing to sustain itself. Related Reading: HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green The Coinbase....
Bitcoin has lost the $69,000 level as selling pressure intensifies and the market faces a wave of uncertainty that has erased weeks of recovery progress in a compressed timeframe. The breakdown is significant — and CryptoQuant data has identified a development in the on-chain flow data that adds a specific and historically significant supply dimension to the current weakness. Related Reading: HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green On June 2, Mt. Gox-linked wallets recorded a sharp negative balance change with 10,300 BTC leaving the tracked address cluster....
It doesn’t get much mainstream than CBS’s “60 Minutes.” The legendary show debuted in 1968 and has been going strong ever since. And now, they’re talking about El Zonte AKA Bitcoin Beach, the place where it all started. How did it start, though? Even though Bitcoinist has written extensively about the subject, we learned a […]
Bitcoin price is well above $50,000, but there’s no denying that some of the momentum that the asset had to start the year has been lost. Volatility lowering also could suggest that the “hype run” might have “passed” for the time being. But rather than see a sizable correction, Bitcoin price action could instead trade […]
Here's what we are looking at tonight in the bitcoin price. So we are coming to the end of what has been a pretty eventful day in the bitcoin price. In this morning’s analysis, we noted that price over the weekend had gained to fresh highs, and that today, we would likely see a correction of these highs, or a continuation if price could break through the 700 mark. We set up so that we could enter according to our breakout strategy in either scenario, and as it turns out, the latter of these two situations proved to be the correct one. Price broke through 700, we entered along toward 710,....