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news-imageJune 2, 2022

Daily Pump & Dump | June 2, 2022 Crypto Market Report: BTC, ETH, ICP

The daily pump & dump is a weekday update on the crypto market providing you with an abbreviated breakdown of price action related to Bitcoin, Ethereum, and other trending altcoins.  Today's summary: Bitcoin retests $30,000 after a rejection.
Publisher: NewsBTC
Sentiment: Negative
BTC
ETH

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Positive
cover-imageThe Currency Analytics
November 24, 2024

MicroStrategy Secures $3 Billion to Expand Bitcoin Holdings

MicroStrategy, the well-known business intelligence firm led by Michael Saylor, has raised $3 billion through the sale of convertible notes, a bold financial move aimed at further expanding its Bitcoin reserves. The company's ongoing strategy to accumulate the cryptocurrency has raised eyebrows across the industry, and this latest development has solidified its position as one of the largest institutional Bitcoin holders.

Negative
cover-imageNewsBTC
November 24, 2024

Analyst Sounds Bearish Alarm For Bitcoin As $100,000 Presents Psychological Resistance

Despite heightened expectations for the Bitcoin price to hit the $100,000 milestone, a crypto analyst has surmised that this key target could present psychological resistance for the pioneer cryptocurrency. Amidst this bearish warning, the coin's price's continued upward movement towards the elusive $100,000 mark has become the center of attention in the crypto community.

Negative
cover-imageCoinPedia
November 24, 2024

Is Bitcoin Going to Crash After Hitting $100K?

Bitcoin has cleared major resistance levels at $70,000, $85,000, and $99,000. The exponential moving averages (EMAs) signal a strong bullish trend, with the 50-day EMA positioned above the 100- and 200-day lines. However, the Relative Strength Index (RSI) has reached 82, indicating overbought conditions that could lead to a short-term price correction.

Negative
cover-imageBitcoin
November 23, 2024

Ethereum Shorts Hit Record High as Market Leverage Soars

Leveraged short positions in ethereum (ETH) have climbed to unprecedented highs, signaling a bearish tilt in market sentiment as traders brace for intensified volatility. Ethereum Bears Bet Big as Futures Market Records Peak Short Open interest in ethereum futures has surpassed $20 billion, setting a new record and highlighting heightened speculative activity.

Neutral
cover-imageBitcoin
November 23, 2024

Cipher Mining: Will It Be Another Standout Bitcoin Miner This Cycle?

Dive into Cipher Mining's Q3 2024 performance. From revenue challenges to strategic investment in fleet upgrades, data center expansion and plans for AI/HPC. Discover what's next for this Bitcoin miner! The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin mining stocks. Originally published on Nov.

Positive
cover-imageThe Currency Analytics
November 23, 2024

ETH/BTC Hits New Low: Investors Seize the Opportunity to Accumulate

Ethereum (ETH) has been experiencing a period of relative stability above the $3,000 mark, but recent fluctuations in the ETH/BTC pair are catching the attention of investors. As the ETH/BTC pair hits its lowest level since 2021, traders from key markets such as Korea and the U.S. are seizing the opportunity to accumulate Ethereum, believing the token is undervalued at current prices.

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