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Dogecoin price hits a two-month high amid speculations that Twitter’s rebrand to X would add a DOGE payment option.
Bitcoin is down to one-month lows, and BTC price predictions are tending to assume worse is to come — how much lower can bears manage?
PLUS: BTC's positive vibes may be waning as outflows from BTC investment products rose for the first time in weeks. But mining is in a better state than it was a year ago.
The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. ThePersonal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.
Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
Worldcoin price soared to $3.58 shortly after launching but traders and crypto advocates have many concerns.
MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price.
Bitcoin price is down today as investors expect the Federal Reserve to raise rates and crypto whales send record amounts of BTC to exchanges.
- 17:37Messari: Hyperliquid Volume Up More Than 4X Since Last OctoberAccording to Messari, Hyperliquid's monthly volume has grown more than 4x since October 2024, demonstrating the platform's rapid rise in the decentralised trading market. Hyperliquid has cultivated a high-value, consistently active trading user base, making it the only Layer 1 alternative on the market with a clear core user base. Its growth drivers include the introduction of new assets such as BTC in the spot market to expand the trading ecosystem and compete with CEX; HyperEVM's support for more third-party DeFi applications to increase the diversity of the on-chain ecosystem; and the structural accumulation of value through the reinvestment of transaction revenue in the HYPE token by the Assistance Fund (AF), a mechanism rarely found in most DeFi protocols. This mechanism is rare in most DeFi protocols. As the platform further optimises its on-chain order book and attracts more users, its influence in the decentralised trading market is expected to continue to grow.
- 17:36Analyst: Current Bitcoin Price Dependent on Strategy for Support, VC Funding Not Yet MassiveEmpire analyst Jason Yanowitz noted that if we exclude Strategy's (formerly MicroStrategy's) bitcoin purchases, the current cycle may still be in its early stages, with the current bitcoin price relying solely on the more than $20 billion that Strategy has poured into the market since the end of last year. The market is still in a ‘pure player takeover’ (PvP) phase, and venture capital has yet to come in on a large scale. Dan Matuszewski of CMS Holdings agrees, pointing out that the effects of the 2022 bear market are still being felt, and that there is a fundamental lack of liquidity in the market, which is preventing substantial inflows, which have yet to come in on a large scale, with the exception of a ‘select few’. The debate about whether or not the top has been reached will intensify. But regardless of the position in the cycle, we need to recognise that the new regulator is just getting started and its policies could be a catalyst for the future.
- 17:35Forecasts on Polymarket predict probability of approval of spot Solana ETF by 31 July this year falls to 35 per centThe probability of the US SEC approving a spot Solana ETF application by 31 July 2025 has fallen to 35% on Polymarket. The figure is down 41% from the high probability figure of 76% on 8 December last year.