SOL price rallied to $140, but weak derivatives market metrics and stagnant network fees showed limited investor confidence. Is a retest of the $160 possible?
SOL price rallied to $140, but weak derivatives market metrics and stagnant network fees showed limited investor confidence. Is a retest of the $160 possible?
It comes several months after the SEC issued a similar no-action letter to DoubleZero, seen as a significant regulatory milestone for DePIN projects.
Crypto investment products neared $5 billion in outflows in the last four weeks, but late-week inflows show early signs of improving sentiment despite heavy selling, CoinShares said.
Bitcoin analyst James Check argued Bitcoin’s quantum risk is chiefly a consensus dilemma — not a tech one — because the network is unlikely to freeze legacy coins.
Bitcoin found its latest floor when it dropped to almost $80,000 last week, according to the BTC price prediction by ex-BitMEX CEO Arthur Hayes.
Bitcoin reclaimed $86,000 as the US dollar strengthened, but one analyst warned the rally may be structurally weak.
Several analysts claimed that Bitcoin bottomed at $80,000 and that the market has been reset. Do BTC and altcoin charts agree or reveal a different set of facts?
One analyst said Bitcoin’s dip to $80,000 marked the bottom and that there was a 91% chance the current trend reversal would send BTC price back to $118,000.
Mining margins weakened as hash prices declined and rig payback periods stretched, even as listed miners rallied on analyst upgrades and new HPC agreements.
Bitcoiners aren’t new to 30% drawdowns, but it could be a first for many Wall Street investors, said crypto commentator Anthony Pompliano.