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In June, the Bitcoin price peaked at $31,600, reaching the highest level of this year. In the face of BTC’s rise, Ethereum and altcoins outperformed. However, it was seen that 5 altcoin projects were positively differentiated from the markets. Bitcoin entered the month of June from the $27,000 band. However, in the first two weeks of the month, sharp losses were seen in BTC. Due to increased regulatory pressure, the leading cryptocurrency fell to the $ 24,800 band. The institutional news that followed carried BTC up to $ 31,600, which is the peak of this year. Currently, the market dominance…

The crypto money market started a rapid rise after June 15. BeInCrypto Analyst Valdrin Tahiri evaluated the Bitcoin (BTC) and Bitcoin Cash (BCH) charts. Bitcoin price hit $31.431 on June 23, hitting a 2023 high. Valdrin thinks that the long-term correction has come to an end for BTC, which broke the descending resistance line in this process. Although the leading cryptocurrency retreated a little after the peak, the analyst states that this could be a short-term correction: “There could be some decline up to the $28,900 support. Then I expect Bitcoin to recover and move towards $34,780.” BTC/USDT Source: TradingView…

The coup attempt of the Wagner Group, led by Yevgeny Prigozhin, in Russia led to activity in the crypto money markets. On-chain data recorded remarkable data during the short-term coup attempt. After the events in Russia, it was seen that investors turned to the crypto money market. This was not surprising because investors preferred an open market all the time, as the markets were closed. Incoming data points to the sudden increase in interest of ruble holders in cryptocurrencies. The transaction volume of USDT/RUB parity reaching $8.53 billion is proof of this situation. Like Tether, Bitcoin has also been noted…

Some transfers took place in two Bitcoin wallets that have not moved since 2010. According to on-chain data, these accounts 100 BTC 13 years later, it was sent to different wallets. The total value of moving assets is over $3 million as Bitcoin tries to stay above $30,000. With the movement of these two wallets of 50 BTC, the number of whales awakened in 2023 exceeded six. It is not known who the owners of the wallets are. While it is not known for what purpose the assets were transferred to the exchanges, experts state that these wallets that existed…

New documents have been shared on how much the FTX exchange owes customers. Recent reports on the bankruptcy process revealed that the exchange owes its customers $8.7 billion. After the latest data, a sudden increase was seen in the price of FTX Token (FTT). The new report revealed that the company owed its customers $8.7 billion after they pooled and misused their deposits, and senior executives began hiding the issue as early as August 2022. According to the report, Sam Bankman Fried and Caroline Ellison knew about the vulnerability but created a fake client wallet to hide it. It was…

Developing a Layer 2 solution for Bitcoin, the Lightning Network is seeing increasing adoption. According to the latest data from the payment network, USD and BTC assets broke records. The latest data for the Lightning Network showed that the capacity of 5,603 Bitcoins reached in April has been exceeded. Currently, the network has reached an all-time high of 5,630 BTC capacity. Thus, for the first time, $172 million worth of Bitcoin is locked in the network. Another record pointing to the adoption of the Bitcoin scaling solution comes from the USD data. The amount of USD locked in the network…

Cryptocurrencies closed the past week positively. While many altcoins gained over 10%, Bitcoin traded above $31,000 after a long hiatus. It was determined that institutional investors showed great interest in crypto money funds during the week of 19-23 June. According to the report shared by digital asset management company CoinShares, the funds saw an inflow of $199 million last week. This stood out as the largest corporate purchase of the last 1 year. In the previous 9 weeks, there were serious outflows from the funds. In the process that started after BlackRock’s ETF application, it was seen that institutional investors…

A new toolkit (SDK) for zkSync Era, the pioneer of zkEVM technology, has been announced. The Ethereum scaling solution can attract even more developers to its ecosystem thanks to the new kit. Matter Labs, behind zkSync, has released an update that will make it easier for blockchain developers to build ZK-powered networks. Matter Labs’ toolset allows it to create new “hyperchains” in zkSync Era. In this way, zkSync’s position is strengthened against its competitors for scaling the Ethereum network. The project, which uses zero-knowledge rollup (ZK roll-up) technology, is developing rapidly. Currently, zkSync’s total amount of locked assets has reached…

The cryptocurrency market is trying to maintain the upward momentum it gained last week. Exceeding the $31,000 level, Bitcoin recently broke the price record of 2023. For the next week, eyes are turned to options that will expire on Friday. According to the data, $ 6.8 billion BTC and ETH options will expire this week. In addition to weekly contracts, quarterly or quarterly options will expire as of 11:00 am this Friday. On the Deribit exchange, which controls 85% of the option transactions, 150,000 Bitcoins will expire on this date alone. According to the data, calls make up a large…

Polkadot (DOT) is up 23% since June 10. BeInCrypto Analyst Valdrin Tahiri thinks that the uptrend may continue in the short term. Polkadot price slumped below the descending resistance line for more than a year, falling as low as $4.20. Stating that there was a jump at this point, Valdrin states that a bullish engulfing candle was formed last week: “Beside this candle, the DOT also formed a double bottom pattern and the price approached the resistance line. Although the weekly RSI is on the rise, it has not yet climbed above 50. This shows that the direction of the…