Bitcoin’s ‘fair value’ could be as high as $230K, Bitwise analysts forecast

Key takeaways: Bitwise predicts Bitcoin could hit $200,000 by year-end, with a potential “fair value” of $230,000. Trump’s proposed tax cuts and rising US debt position Bitcoin as a hedge against sovereign default risks. Bitcoin’s OTT signal suggests strong momentum after a dip to $100,000. Bitcoin (BTC) could surpass $200,000 by the end of the…

Why is the price of Ethereum (ETH) up today?

Key points: Ethereum price is up 7% on June 10 to trade above $2,680. ETH’s record open interest, rising funding rates and consistent ETF inflows fuel the rally. Ether’s bullish cup-and-handle pattern targets $4,100. Ether’s (ETH) price was trading at $2,679 on June 10, up more than 7% in the last 24 hours. Its daily…

Bitcoin dropping to $107K is likely before new all-time highs

Key points: Bitcoin is due a fresh run at all-time highs, traders believe, but a corrective phase is due first. BTC price targets include $107,000, with the six-figure barrier still on the table. US inflation data will inform market performance for the rest of the week. Bitcoin (BTC) sold off at the June 10 Wall…

Guggenheim Tokenizes Commercial Paper on XRP Ledger

US investment manager Guggenheim is expanding its digital commercial paper offering through a partnership with Ripple, underscoring the growing convergence between traditional finance and crypto-native enterprises. Under the partnership, Guggenheim’s subsidiary, Guggenheim Treasury Services, will make its US Treasury-backed fixed-income asset available on the XRP Ledger, according to Bloomberg. Ripple will invest $10 million in…

Uniswap (UNI) Surges 21.6% as Index Climbs Higher

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3257.3, up 3.3% (+103.91) since 4 p.m. ET on Monday. All 20 assets are trading higher. Leaders: UNI (+21.6%) and AAVE (+17.0%). Laggards: XRP (+0.6%) and BTC (+0.9%). The…

Ethereum Staking Hits Record As Price Surges To $2,700

Staked Ethereum has clocked a new record as the asset’s price reclaimed a 12-day high amid major institutional accumulation.  The amount of Ether (ETH) staked on the Beacon Chain reached a record high of 34.65 million ETH on Sunday, eclipsing the previous high on Nov. 10, 2024.  The amount of Ether staked has been relatively…

How to Report a Bitcoin Scam Using Chainabuse and Scamwatch

Key takeaways Chainabuse allows anyone to publicly share information with enforcement, helping make crypto fraud more transparent, but it’s not a confidential legal channel.  Scamwatch helps raise public awareness about crypto scams in Australia and gathers reports to support national anti-scam efforts, but it does not investigate or take enforcement action. Even if funds can’t…

Crypto prices rally today amid increasing institutional demand.

Key points: The crypto market is up 3.9% on June 10, with its capitalization rising to $3.41 trillion. Continued capital inflow into crypto investment products is boosting investor confidence. The TOTAL chart validates a bull flag pattern targeting $4.36 trillion. The cryptocurrency market is up today, with the total market capitalization rising by approximately 3.9%…

Crypto prices rally today amid increasing institutional demand.

Key points: The crypto market is up 3.9% on June 10, with its capitalization rising to $3.41 trillion. Continued capital inflow into crypto investment products is boosting investor confidence. The TOTAL chart validates a bull flag pattern targeting $4.36 trillion. The cryptocurrency market is up today, with the total market capitalization rising by approximately 3.9%…

Crypto prices rally today amid increasing institutional demand.

Key points: The crypto market is up 3.9% on June 10, with its capitalization rising to $3.41 trillion. Continued capital inflow into crypto investment products is boosting investor confidence. The TOTAL chart validates a bull flag pattern targeting $4.36 trillion. The cryptocurrency market is up today, with the total market capitalization rising by approximately 3.9%…