Bitcoin price struggles to breach $27,000 as miners sell 1,000 BTC worth $27 million
The concerns regarding Bitcoin price recovery are spreading in the crypto market. Beyond impacting the price of other cryptocurrencies, the bearishness is also reaching miners. The worries surrounding the US debt ceiling are being felt but not reflected in the stock market.
BNB price readies for a breakout as Binance exchange makes foray into NFT lending space
Binance exchange has made its foray into the non-fungible token (NFT) lending space after launching a new feature on its platform on May 25. Based on the announcement, the feature allows users to leverage NFTs as collateral in securing loans.
Cardano price might observe a 10% rally as ADA whale volumes hit a 12-month high
Cardano price, since mid-April, has been on a downtrend, just as Bitcoin, Ethereum and many other cryptocurrencies have been. Thus most of the altcoin's recovery is dependent on broader market cues. However, ADA might have an additional factor in play in the form of its whales.
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Apple staying mum on Metaverse at WWDC wipes out Metaverse tokens’ value by 10%
Apple recently hosted the WWDC, where it was expected to kickstart the Metaverse hype again. However, with the anticipation going through the roof, the opposite happened when the company with the biggest market cap failed to talk about the virtual world.
Dogecoin price crashes by nearly 12% as loyal investors continue to offload their DOGE
Dogecoin price is currently following Bitcoin’s lead, bringing the meme coin down to three-month lows and testing a key support level. The cryptocurrency has been a highly influenced token for a long time now, but with DOGE’s charm fading away.
Is the metaverse hype back in action?
Although there are no major macroeconomic events this week, investors can expect massive volatility on a daily basis. The reasoning behind this outlook is that Apple will be conducting the 2023 Apple Worldwide Developers Conference (WWDC) on June 5.
Bitcoin: BTC targets $30,000 as short-term bias turns bullish
Bitcoin (BTC) price shows a clear sign of the bulls’ victory. After failing to trigger a steep correction, bears look now out of context, at least in the short term, allowing buyers to restart a minor uptrend.