The post Hedge Funds Heavily Shorting BTC, Will It Outshine GameStop Saga? appeared on BitcoinEthereumNews.com. On Friday, Bitcoin experienced a notable dip, plummeting to $68,450 before a modest recovery to just above $69,000. This movement in the Bitcoin price coincided with a significant shift in market sentiment. The shift was reflected in the latest Commitments […]

The post ‘First Citizen’ of Bitcoin City Leaves El Salvador After Waiting Over 2 Years for Its Construction appeared on BitcoinEthereumNews.com. Corbin Keegan, a U.S. national who self-proclaimed himself as the first citizen of Bitcoin City, has temporarily left El Salvador after waiting over two years for the state to build the settlement. President Nayib […]

The post Daily Market Review: BTC, ETH, ORDI, SOL, TRX appeared on BitcoinEthereumNews.com. Today’s market session saw bears take over, as seen from the drop in the global market cap. The total cap stood at $2.56T as of press time, representing a 3% drop in the last 24 hours. On the other hand, the trading […]

The post Polkadot [DOT] remains at the mercy of bears – But there’s a silver lining appeared on BitcoinEthereumNews.com. DOT continued to trend below the 200-period moving average. Despite the market’s ‘Extreme Fear’ sentiment, a dramatic 138.77% surge in trading volume indicated growing trader interest. Polkadot [DOT] has established itself with a terrible performance this […]

The post EUR/USD struggles near three-week low, seems vulnerable below 100-day SMA/1.0800 appeared on BitcoinEthereumNews.com. EUR/USD drops to a multi-week low and is pressured by a combination of factors. The upbeat US NFP tempers Fed rate cut bets and continues to underpin the USD. Increasing political uncertainty weighs on the Euro and contributes to the […]

The post Bitcoin Whale Accumulation Surge: Potential Impact on BTC Price Dynamics appeared on BitcoinEthereumNews.com. Bitcoin whales have recently accumulated large amounts of BTC. Despite the increase in profitability, miner revenue has seen a downturn. “Short-term holders are more likely to sell their holdings amidst price fluctuations and uncertainty.” In this article, we explore recent […]

The post Will Dogecoin (DOGE) Recover in 2024? appeared on BitcoinEthereumNews.com. Originally created as a meme coin, Dogecoin (DOGE) has surpassed expectations with 82.2% of its available coins currently showing as profitable according to Santiment. Despite its playful origins, DOGE has garnered a substantial following and considerable market interest, partly driven by endorsements from notable […]

The post China’s PBOC halts gold purchases in May after 18 months of buying appeared on BitcoinEthereumNews.com. The People’s Bank of China (PBOC) paused gold purchases to its reserves in May, ending a massive buying spree that ran for 18 months, according to Bloomberg.  China’s central bank has been one of the biggest gold buyers for […]

The post 6 US Banks Face Moody’s Downgrade appeared on BitcoinEthereumNews.com. Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and recognized as one of the “Big Three” credit rating agencies along with Standard & […]

The post XAU/USD holds below $2,300 as China stops buying gold, US Dollar rebounds appeared on BitcoinEthereumNews.com. Gold price remains on the defensive around $2,295 in Friday’s early Asian session.  The US economy added 272K jobs in May, above expectations of 185K new roles. The Chinese central bank paused gold purchases in May after 18 […]