Crypto Bull Market “Definitely Not Over”: 3AC’s Su Zhu

Key Takeaways On the latest Uncommon Core podcast, Su Zhu said that the bull market is “definitely not over.” Zhu argued that while prices have fallen since mid-May, many key metrics point to healthy adoption. He said that fears caused by China and Tesla prompted investors to start taking profits. Share this article Su Zhu says that the bull market still has room to run. In the latest Uncommon Core podcast, the Three Arrows Capital CEO and co-founder argued that recency bias had influenced the current market sentiment. Su Zhu…

Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting

Bitcoin (BTC) wobbled around $40,000 as investors waited for the United States Federal Reserve to release its new set of economic projections on Wednesday. The market’s focus shifted to two important questions: Will United States central bank officials signal their intentions to raise interest rates in 2023 instead of 2024? And how much do they think inflation will rise in the remainder of 2021 and in the next year? Taper tantrum In March, the last Fed projection saw 11 Federal Open Market Committee (FOMC) officials agreeing to keep interest rates…

New Bitcoin bull market hodlers are refusing to sell at $40K, data suggests

Bitcoin (BTC) investors continue to hodl BTC at $40,000, even if they bought it at lower levels earlier in 2021. In the latest edition of its newsletter, The Week On-Chain, on June 14, on-chain monitoring resource Glassnode revealed that buyers from the first months of this year’s bull market are refusing to cash out. “Very young” supply in decline Bitcoin has been marked by low volume in recent weeks as price action remained rangebound between $30,000 and $41,000. The past few days has seen modest volatility return, but for most…

Bull trap fears engulf Bitcoin market as BTC paints CME gap below $40K

A run-up towards $40,000 in the Bitcoin market risked exhaustion as Chicago Mercantile Exchange’s futures opened on Monday, June 14 with a gap of $1,575, the first since May 17. In retrospect, the downside risks heightened due to Bitcoin’s recent bearish pullbacks near the $40,000-level. Atop that, the said CME gap formed between Friday’s close of $37,325 and Monday’s open of $38,900, raising possibilities that the next correction would prompt Bitcoin bids to fall to at least $37,325. That is due to a general psychological notion among traders that BTC/USD…

Ethereum bull trap? ETH price signals breakdown versus Bitcoin

A recent run-up in Ether (ETH) prices against its top rival, Bitcoin (BTC), appears to be at the risk of exhaustion, even as analysts see the second-largest cryptocurrency as the stronger of the two. The ETH/BTC exchange rate has risen by up to 40.19% after bottoming out at 0.0553 BTC on May 23. The powerful rebound move reflected a spike in the capital flow from the spot ETH to spot BTC market. That also led analysts at Delphi Digital, an independent market research firm, to highlight Ether’s “formidable strength” in…

Bitcoin nears $40K amid warning BTC price will correct before bull market resumes

BItcoin (BTC) edged closer to $40,000 on June 3 as bulls gathered increasing signals that the bottom is in. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC/USD to $36,000 next? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining levels it reclaimed a day before, including the critical $37,500. Now, eyes were on the coming days for confirmation of a breakout or rejection — volatility was already forecast to enter by the weekend. For popular trader Crypto Ed, the market might need another bearish test in the short term…

Bitcoin price bull run ‘starting to look like 2013’ after record red monthly candle

Bitcoin (BTC) may have just had its worst monthly candle in ten years, but it could yet surge to new all-time highs this year, says popular analyst PlanB. In a tweet on June 1, the creator of the stock-to-flow-based BTC price models said that Bitcoin is behaving like during its 2013 bull run. Stock-to-flow “intact” after May drop After its drop to $30,000 and several retests of that level, concerns are starting to appear over a bigger drop taking BTC/USD towards $20,000 and lower. This would mean that for the…

Two Paths Of A Bitcoin Bull Run, And If A Bear Phase Is Next

Bitcoin price has plummeted more than 50% from recent highs, falling to as low as $30,000 in a matter of a flash. The selloff was enough to shock the entire market, causing the most liquidations and coins to be deposited since Black Thursday. There’s now talk of the bull run being over, however, there’s potentially two different paths that the cryptocurrency could take according to the RSI and past bull market performance. Is The Top Of The Crypto Bull Run In? After more than one full year of an uptrend,…

Red Bull Racing Team to Use Tezos for First NFT Drop

Share this article The Formula One team has selected Tezos for its first NFT release. Red Bull Racing Team Eyes Tezos  Red Bull’s Formula One racing team is partnering with Tezos, it was announced Thursday.  Red Bull Racing Honda is joining with the smart contract platform to release a series of NFTs for fans. The Tezos blockchain specifically has been selected for its energy efficiency, according to a press release. Christian Horner, Red Bull Racing Honda Team Principal and CEO, said of the update:  “Tezos’ ability to remain at the…

Bitcoin bull launches pizza company that doesn’t accept crypto payments

Just days before the anniversary of Bitcoin Pizza Day, Bitcoin proponent Anthony ‘Pomp’ Pompliano has launched a pizza company aimed at supporting small business and the Human Rights Foundation’s Bitcoin Development Fund. In an announcement on Twitter today, Pomp said his Bitcoin Pizza brand would be launching in ten U.S. cities beginning on Saturday, May 22. The start date coincides with the 11th anniversary of the first successfully documented commercial transaction of cryptocurrency for two Papa John’s pizzas — an event now known as Bitcoin Pizza Day. However, while Laszlo…