The post Crypto’s Relief Rally: Here’s What’s Behind ETH and BTC’s Green Week appeared on BitcoinEthereumNews.com.
Key highlights: ETH and BTC performed better than stocks and gold last week Whale wallets bought over 270,000 BTC near the $60,000-$70,000 range Bitcoin ETF outflow streak was also broken with a $221 million inflow Crypto had its best week in months. Bitcoin rose 6.75%, and Ethereum rose 13.54%, easily beating stocks and gold. A new report from crypto trading firm Wintermute breaks down what drove the surge and why some caution is still needed. Wintermute: Weak jobs data and a dovish Fed sparked the rally The rally started with weak U.S. jobs numbers. Only 57,000 jobs were added last week, far below the expected 110,000. It was the weakest report in four months. Unemployment also fell to 4.2%. This weak data reduced the chances that an interest rate hike would happen this year. There were fears that the Federal Reserve was looking into hiking rates sometime this year. Fed
The post StarkWare CEO Proposes 4% Annual Bitcoin Inflation appeared on BitcoinEthereumNews.com.
StarkWare CEO proposed replacing Bitcoin’s 21 million supply cap with fixed 4% annual inflation. Ben-Sasson said lost private keys shrink Bitcoin’s supply and could weaken long-term security. Bitcoin supporters rejected the proposal, defending the 21 million cap as key to BTC’s scarcity. StarkWare CEO Eli Ben-Sasson has suggested the Bitcoin network should replace its fixed 21 million supply cap with a permanent 4% annual issuance rate. He argued that Bitcoin’s hard cap becomes less practical over time because private keys are constantly lost, permanently removing coins from circulation. Ben-Sasson also cited long-term concerns about Bitcoin’s network security. Ben-Sasson Questions Bitcoin’s Fixed Supply In a post on X, Ben-Sasson argued that Bitcoin’s fixed supply limit creates problems over the long term. “Capping the supply of Bitcoin at 21M doesn’t make sense,” he wrote. He added that
The post Ethereum Faces Critical Test at $1,800: What’s Next? appeared on BitcoinEthereumNews.com.
Ethereum’s recent price movements have captivated market participants as it hovers near the crucial resistance level of $1,800. On-chain analysis shows approximately 4.3 million ETH were exchanged at this price, indicating its importance as a potential turning point for Ethereum’s immediate price trajectory. Continue Reading:Ethereum Faces Critical Test at $1,800: What’s Next? Source: https://en.bitcoinhaber.net/ethereum-faces-critical-test-at-1800-whats-next
The post Bitcoin’s rally has 4 weeks to get its Washington CLARITY catalyst before the clock runs out appeared on BitcoinEthereumNews.com.
The US Senate returns to Washington next week with 20 working days to decide whether the CLARITY Act, which is the most advanced crypto market-structure bill in Congress, becomes law this summer or slips into another round of delay. Data from CryptoSlate shows that Bitcoin has climbed about 10% this month after a bruising June, rising from late-month lows to briefly trade above $64,000 before pulling back near $61,881 late Wednesday morning. The recovery has steadied market sentiment, but traders are still looking for confirmation that the bounce has more behind it than short covering and relief after weeks of selling pressure. The Digital Asset Market Clarity Act has become one of the clearest candidates for that next catalyst. The legislation is designed to establish a federal framework for digital asset markets and clarify how oversight is split
The post US – Iran War News: Bitcoin and Ethereum Drop as Trump Declares Ceasefire is ‘Over’ appeared on BitcoinEthereumNews.com.
The post US – Iran War News: Bitcoin and Ethereum Drop as Trump Declares Ceasefire is ‘Over’ appeared first on Coinpedia Fintech News Bitcoin and Ethereum prices have again dropped more than 2% today after U.S. President Donald Trump declared the ceasefire with Iran was “over.” This came after the U.S. launched strikes in response to Iran’s attacks on three commercial vessels in the Strait of Hormuz. Following this news, as oil jumped 6%, Bitcoin fell to $61,700, … Source: https://coinpedia.org/news/why-are-bitcoin-and-ethereum-prices-dropping-again-u-s-iran-ceasefire-over/
The post Altcoin Market Reaches Extreme Underperformance, 40% of Coins Trade Near Their ATL appeared on BitcoinEthereumNews.com.
One of the major drivers of this underperformance is the low liquidity despite thousands of coins being created and added to the market daily. The bear cycle is heavily affecting altcoins as expected. With bitcoin (BTC) struggling to remain above $60,000, this group of cryptocurrencies is having it worse. A report from the market analysis platform CryptoQuant revealed that about 40% of altcoins are currently trading around their all-time low (ATL). This dynamic reflects an extreme level of underperformance among most projects. Altcoins in Extreme Underperformance According to CryptoQuant analyst Darkfost, the extreme underperformance of altcoins reflects the harsh reality facing projects that chose to launch tokens. The analyst said he initially built the Percentage of Altcoins Near ATL chart to visualize coins trading below 25% of their all-time low, only
The post Ethereum and Bitcoin face historic supply squeeze – THESE 2 metrics reveal what’s next appeared on BitcoinEthereumNews.com.
Despite months of market volatility, Ethereum and Bitcoin holders continue showing little interest in returning coins to exchanges. This does represent much more than decreased investor trading enthusiasm. Persistent withdrawals continued reducing the amount of liquid supply available on the market. As of press time, the total number of Bitcoins stored on exchanges was at an all-time low for any time period since 2017. At the same time, the total number of Ethereum [ETH] stored on exchanges was also at an all-time low for any time period since 2015. Source: Santiment Simultaneously, ongoing negative Netflows indicate that institutional and longer-term holders prefer to store their coins using self-custody models such as ETFs or corporate treasuries rather than storing them on exchanges. Therefore, this migration will remove additional coins from potential
The post Metaplanet to Rebrand Shibo Securities as Metaplanet Securities appeared on BitcoinEthereumNews.com.
Metaplanet plans to rename Shibo Securities as it expands its Bitcoin-focused financial business. The brokerage will support Bitcoin-based financial products through the BTC x Finance platform. CEO Simon Gerovich says the acquisition is the first step in Metaplanet’s Project Nova. Metaplanet is moving ahead with the integration of its newly acquired brokerage business after confirming plans to rename Shibo Securities to Metaplanet Securities. The proposed change, which requires shareholder approval at a meeting scheduled for July 13, marks the next step in the company’s effort to expand its Bitcoin-focused financial operations in Japan. The firm acquired the licensed brokerage for 2.1 billion yen (about $13 million) and plans to use it to develop Bitcoin-based financial products for retail investors. If shareholders approve the name change, the rebranded brokerage will become
