June 18 (Cointime) - BlackRock's plans to launch a Bitcoin spot price exchange-traded fund (ETF) have caused a rally in the Grayscale Bitcoin Trust (GBTC), with the discount on GBTC share prices currently at -36.6%.

June 18 (Cointime) - Bitcoin has stabilized around $26,500 after a week of high volatility, with most altcoins also showing insignificant daily gains or declines.

June 17 (Cointime) - In Q2 2023, Bitcoin's price trajectory diverged from tech stocks and formed an inverse relationship with popular indices like Nasdaq and S&P 500. This means that when BTC's price goes up, the equities' price will fall and vice versa. Bitcoin's decoupling from traditional markets has increased, making it a potential safe-haven asset and inflation hedge. However, the recent legal actions on crypto behemoths have increased Bitcoin's volatility, making it more unpredictable.

June 17 (Cointime) - A new Bitcoin whale has emerged, transferring 10,000 BTC worth $261 million to a brand new wallet with no registered owner. This could indicate a purchase or a whale redistributing their crypto holdings.

June 17 (Cointime) - Since the beginning of 2023, the Bitcoin blockchain has grown substantially due to the surge in Ordinals inscriptions, but concerns about storage capacity have been put to rest.

June 17 (Cointime) - Bitcoin and Ethereum have both seen price increases over the past two days, with Bitcoin rising from under $25,000 to just under $27,000. This comes after a period of decline following the SEC's lawsuits against Binance and Coinbase. Other altcoins have also seen gains, with Solana experiencing the largest increase among the top 10. The crypto market cap has risen by over $60 billion in the past two days.

June 16 (Cointime) - According to Bitcoin OG and educator Dan Held, proof-of-work coins that had a fair distribution at their launch are less likely to be considered securities by the U.S. SEC. The recent SEC lawsuit against Binance and Coinbase accused them of offering unregistered securities, causing many tokens to be delisted and their prices to drop. Held believes that tokens with fair or transparent launches, such as Litecoin, Dogecoin, and Monero, do not fit the SEC's definition of a security and are therefore less likely to be targeted. Held also notes that the current SEC crackdown is mainly focused on proof-of-stake coins with centralized ownership and that only decentralized cryptocurrencies like Bitcoin will survive in the long run.

June 16 (Cointime) - JPMorgan strategists have suggested that the US Congress could either classify Ethereum (ETH) in the same commodity category as Bitcoin (BTC) or create a new "other category" with less burdensome regulations than securities. This comes after some US Securities and Exchange Commission (SEC) officials questioned the details of a 2018 speech that stated ETH is not a security. The release of the "Hinman documents" may explain why the SEC has been avoiding taking action against ETH while targeting almost all major competitor tokens this year. Overall, the release of the documents is likely to benefit Ethereum and influence the direction of the current US congressional effort to regulate the crypto industry.

June 16 (Cointime) - The global market cap has increased by 1.7% in the last 24 hours, reaching $1.04T. Bitcoin has also seen a 2% gain, trading at $25K, but is still 3% down from its price three weeks ago. Ethereum has gained 1.7% in the last 24 hours, pushing for a comeback from its 9% weekly drop. Other altcoins such as BNB, Cardano, and Dogecoin have also seen gains, while XRP has only recorded a minor gain and Uniswap is still struggling. The top gainers of the day are Internet computer (ICP) and PEPE.

The price of Ether is currently showing bearish signals and is facing a major bearish trend line with resistance near $1,760 on the daily chart. While it may correct a few points, it is likely to trend lower towards $1,550. The recent decline in Bitcoin and other altcoins has also pushed ETH lower, with the bears able to push the price below the 50% Fib retracement level. If the bears remain in action, the price could continue to move down towards the $1,550 support.