Key takeaways Ethereum continues its downtrend after breaking key support levels and testing a low of $1,505 last week. The broader crypto market remains under pressure following last week’s massive dump. The cryptocurrency market starts the week on a weak footing, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continuing to trade under heavy selling […]
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This initiative could accelerate mainstream crypto adoption, influencing financial institutions to integrate digital assets with traditional banking.
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Bitcoin’s crash over the weekend has brought the $60,000 level back into the market conversation, but crypto analyst Merlijn The Trader believes the real opportunity may come at a lower price. Technical analysis comparing the current Bitcoin structure with the 2022 Wyckoff accumulation phase shows that buying the current bounce would be a costly mistake because the real accumulation window has not even opened yet. Bitcoin’s Wyckoff Setup Points Below $60,000 To understand where Merlijn The Trader believes Bitcoin is headed, it helps to understand where it has been. Merlijn’s analysis is built around the Wyckoff accumulation model, using Bitcoin’s 2022 bottoming structure as the reference point. Back in that cycle, Bitcoin formed a spring around $15,500, recovered into the $23,000 region, where eager buyers rushed in, believing the worst was over. However, it was not. The price action then delivered a secondary wave of selling that crushed late buyers before the genuine markup phase be
Morpho, a decentralized lending protocol operating on Ethereum, HyperEVM, and other blockchains currently holding $6.6 billion in total value locked, has raised $175 million in a funding round led by Paradigm, Ribbit Capital, and Andreessen Horowitz’s digital assets arm a16z crypto — valuing the protocol at up to $2 billion and positioning it for an eventual public debut as its founders set their sights on bringing Wall Street’s most traditional institutions into DeFi, according to Fortune’s report published June 9. Related Reading: The XRP Dream Has Changed: Why A Rally To $10 Could Happen Despite Disappointment The round also drew participation from Apollo Funds, Circle’s venture unit, and VanEck — a coalition of backers that spans crypto-native venture capital, traditional asset management, and institutional finance simultaneously. The investment was structured in cryptocurrency and priced at the token’s average monthly price, with the exact cost varying by when participants contrib
Bitcoin searches hit 12-month highs and analysts say retail is back. But on-chain data shows retail selling while whales buy. What the search data really means.
XRP price has fallen toward the $1.15 area ahead of the XRPL’s June 15 upgrade, as weak momentum and a fresh weekly breakdown keep traders focused on whether the token can defend the $1 level. According to data from crypto.news,…