Bitcoin Touches $29k for the First Time Since May: Institutional Interest Pushes Price Higher
June 21 (Cointime) - Bitcoin surged over 6% in the last 24 hours, reaching the $29k level for the first time since May. This rally is attributed to increased institutional interest in the cryptocurrency market, with BlackRock filing for a Bitcoin ETF and Fidelity, Schwab, and Citadel backing a crypto exchange.
Bitcoin Price Surges Above $28K, Eyes $30K Resistance Zone
June 21 (Cointime) - Bitcoin's price has surged above $28,000, up almost 8% with potential to reach the $30,000 resistance zone. The cryptocurrency is trading above the 100 hourly Simple Moving Average and has formed a major bullish trend line with support near $27,300.
Bitcoin Surges Over 5% in Asian Trading, NFT Transactions Reach $13.84 Million in Past 24 Hours
June 21 (Cointime) - Bitcoin experienced a surge of over 5% in Asian trading on Wednesday, breaking through the $28,000 resistance level and leading a rally among the top 10 non-stablecoin cryptocurrencies, except for XRP.
The Wyckoff Method: How a 90-Year-Old Theory Predicted Bitcoin's Recent Price Surge
June 21 (Cointime) - Bitcoin's price has suddenly surged due to positive news, including BlackRock's filing for a Bitcoin ETF and the launch of EDX, a new non-custodial crypto exchange backed by major financial institutions.
Bitcoin and Ethereum Prices Rise as Aave's v3 Platform Sees 15% Increase in Total Value Locked
June 21 (Cointime) - Bitcoin and Ethereum prices have surged in Asia trading, with Bitcoin up 5.8% to $28,359 and Ethereum up 3.4% to $1,793. Bitcoin's market share has also exceeded 50% for the first time in two years.
Ethereum Market Cap Surpasses All Altcoins for First Time Since February 2021
June 21 (Cointime) - For the first time since February 2021, Ethereum's market capitalization has surpassed that of all altcoins in the crypto market, including major projects like Solana and Cardano.
Bitcoin Reaches Over $28,000 for the First Time Since May 8, BlackRock's ETF Filing Plays Pivotal Role in Cryptocurrency Market's Stability
June 21 (Cointime) - Bitcoin has surpassed $28,000 for the first time since May 8, with a current trading price of $28,144, representing a 5.23% increase from the day's high. The cryptocurrency's market capitalization has grown by 50% due to this significant increase in value.
$87 Billion WisdomTree Officially Files for Spot Bitcoin ETF
June 21 (Cointime) -According to Bitcoin magazine 87billion WisdomTree officially files for spot Bitcoin ETF.
Silk Road-Linked Wallet Makes Bitcoin Transaction, Sparks Speculation of U.S. Government Control
June 20 (Cointime) - A wallet potentially linked to the Silk Road darknet marketplace has made a small bitcoin transaction, with some speculating that it may be under the control of the US government. The wallet received bitcoin from a wallet associated with James Zhong, who was convicted of stealing bitcoin from Silk Road. After the funds were transferred, they were sent to wallets linked to crypto exchanges Coinbase and Gemini. The US government is among the largest holders of bitcoin following the seizure of over 50,000 bitcoin from Silk Road in 2021.
Pantera Capital's Dan Morehead Optimistic About Digital Currency Ecosystem's Price Action
June 21 (Cointime) - Dan Morehead, founder and Managing Partner of Pantera Capital, expressed optimism about the future of the digital currency ecosystem. He cited the collapse of Terra (LUNA) as the cause of the "crypto winter" and believes a turnaround is imminent. The depegging of the industry's first algorithmic stablecoin, TerraUSD (UST), caused Terra (LUNA) to lose 99.9% of its value, impacting many crypto venture capital firms and hedge funds. However, Morehead believes the worst is over and points to Bitcoin's year-over-year return, which has recently flipped positive and is now at 31%. BlackRock's application to launch a spot Bitcoin Exchange Traded Fund (ETF) product is also seen as a positive sign for the industry.
