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The least expected people are buying the ETH dip.
Share link:In this post: Solana (SOL) may still feel pressure from VC wallets. The SOL supply is growing due to the need to reimburse validators. SOL slid to $121.26 after a market correction, but long-term prices may continue to feel pressure due to the uncapped supply and new token issuance.
Share link:In this post: Ethereum (ETH) and ChainLink (LINK) had the most positive outlook, but remained underbought in 2024. LINK expects a dip to the $7 range, almost erasing all 12-month gains. ETH crashed under $2,200, with whales swooping in to buy on the spot market.
Share link:In this post: Bitcoin falls to $49,000, leading to overall crypto losses. The crypto market cap falls by 17%. 277,913 traders were liquidated in the last 24 hours for a total of $1.06 billion.
Things couldn’t get much worse for crypto markets following their largest retreat for more than a year. However, this week’s economic calendar in the US is slow which could limit further volatility.
It’s Peter Schiff’s time to shine.
- 05:28Data: Altcoin Season Index Rises to 27, 27 Projects Outperform Bitcoin in 90 DaysAccording to ChainCatcher, data from Coinmarketcap shows that the Altcoin Season Index is currently at 27, having previously dropped to 22 on May 17. This index indicates that in the past 90 days, approximately 27 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin.
- 05:27Crypto Asset Management Firm Blockrise Completes €2 Million Seed Funding RoundRotterdam-based crypto asset management company Blockrise announced the completion of a €2 million seed round of financing, with participation from Golden Egg Check Capital. The new funds are intended to prepare for the implementation of the European crypto asset market regulation and to strive for obtaining the MiCAR license for crypto asset market regulation from the Dutch Authority for the Financial Markets (AFM). The company expects to launch a Series A round of financing by the end of the year and expand its Bitcoin custody and asset management platform.
- 04:01A certain whale/institution sold 184.4 WBTC through WintermuteAccording to on-chain analyst Ember's monitoring, after a whale/institution sold 30,000 ETH through Wintermute OTC yesterday, today another whale/institution (or possibly the same one as yesterday) sold 184.4 WBTC through Wintermute. They transferred 184.4 WBTC to Wintermute 3 hours ago and received 20.4 million USDC from Wintermute 20 minutes ago, resulting in a sale price of $110,425.