Bitcoin Price Shows ‘Fragility’ as Consolidation Looms: New Research

Bitcoin (BTC) price could be in for another prolonged period of consolidation if key support levels are not reclaimed, a new analysis reveals. Key takeaways: Bitcoin is stuck between key cost-basis levels, predicting 2022-type consolidation unless key support levels are reclaimed. Spot Bitcoin ETFs recorded a net outflow of $708.7 million, their fifth-largest since launch,…

ETH Dip Buyers Absorb $130M Ether, But Risk Of $2.7K Drop Remains

Ether (ETH) price saw a daily candle close below $3,000 on Tuesday, but a positive is that data showed large holders were buying throughout the dip. While ETH whale accumulation signals growing confidence, conflicting indicators suggest rising market risk for the altcoin. Key takeaways: ETH whales and institutional investors bought over $130 million in Ether…

Institutional Investors Won’t ‘Run’ Bitcoin Up To $150K: Researcher

Institutional investors aren’t likely to be the ones to push Bitcoin to new highs this year without a market-moving event, according to macro researcher and FFTT founder, Luke Gromen. “If you’re counting on institutional investors to run it from you know 90 to you know 150, if that’s your plan, that’s probably not going to…

Buterin Pitches ‘A Bit Simpler’ Staking Setup for Ethereum

Ethereum co-founder Vitalik Buterin has proposed adding distributed validator technology (DVT) to the blockchain’s staking mechanism, arguing it could simplify the process and the technology backing it. Buterin pitched “native DVT” in a post to the Ethereum Research forum on Wednesday,  which he said would allow Ether (ETH) stakers “to stake without fully relying on…

Buterin Pitches ‘A Bit Simpler’ Staking Setup for Ethereum

Ethereum co-founder Vitalik Buterin has proposed adding distributed validator technology (DVT) to the blockchain’s staking mechanism, arguing it could simplify the process and the technology backing it. Buterin pitched “native DVT” in a post to the Ethereum Research forum on Wednesday,  which he said would allow Ether (ETH) stakers “to stake without fully relying on…

Senator Boozman Confirms No Agreement on Market Structure Bill

The US Senate Agriculture Committee released a Republican draft of the market structure bill, which includes protections for crypto developers, setting it up for a markup next week. US Senate Agriculture chair John Boozman says the panel’s Republicans are yet to find middle ground with Democrats on several “fundamental policy issues” related to crypto market…

ETH Flashes Negative Funding Rate But Is Sub $3K ETH Discounted?

Key takeaway: ETH faces selling pressure as $480 million in liquidations and falling network fees impact investor confidence. ETH’s negative funding rate may play a role in a potential rebound rally. Ether (ETH) price faced a three-day 13.8% correction, retesting the $2,900 support on Wednesday for the first time in four weeks. The movement followed…

ETH Flashes Negative Funding Rate But Is Sub $3K ETH Discounted?

Key takeaway: ETH faces selling pressure as $480 million in liquidations and falling network fees impact investor confidence. ETH’s negative funding rate may play a role in a potential rebound rally. Ether (ETH) price faced a three-day 13.8% correction, retesting the $2,900 support on Wednesday for the first time in four weeks. The movement followed…

Steak ’n Shake to Offer Bitcoin Bonuses to Hourly Workers

US fast-food restaurant chain Steak ’n Shake plans to offer Bitcoin bonuses to hourly employees at company-operated locations, signaling a move to use digital assets as a retention tool. In an X post on Wednesday, the company said hourly employees will be able to collect a Bitcoin (BTC) bonus of $0.21 per worked hour starting…

Crypto bill likely delayed for weeks by Banking Committee after Coinbase pulled its support

The momentum for new crypto rules in Washington has slowed to a crawl and and it is not expected to resume for at least several weeks. Source link