Michael Dell, the CEO of Dell Technologies, recently engaged with the Bitcoin (BTC) community through a playful tweet, sparking speculation about his interest in the cryptocurrency. The interaction began when Dell tweeted about the value of scarcity, which prompted a response from Michael Saylor of MicroStrategy emphasizing Bitcoin as “Digital Scarcity.” Dell retweeted Saylor’s comment The post Is Michael Dell Warming Up to Bitcoin After Playful Crypto Tweet? appeared first on CoinGape .
The cryptocurrency market is currently experiencing a sustained decline driven by recent economic updates from the United States. This downturn has led analysts to speculate on the precarious situations of various digital assets, including some that were prominent in the first quarter of the year. An expert has recently warned about the potential further decline
Some traders say Germany’s Bitcoin selling is behind this week’s drop, but a negative reaction to concerning macroeconomic data is the likely culprit.
Ethereum (ETH) price has been in bearish momentum in the last 24 hours, swaying between an intra-day high and low of $3,536.84 and $3,447.94, respectively. This 24-hour low was hit after Whales shifted Ethereum coins worth around $79,167,723 as of press time. Ethereum Whale Activity Amid Market Dip Whale Alert, an onchain tracking platform, has The post Ethereum Price Drops Below $3,500 as Whales Transfer $79M to Coinbase appeared first on CoinGape .
Although the market is in a consolidation phase, BTC’s DMI showed that the bearish bias toward the leading coin is still significant.
Memecoins are in red this week as most sectors of the crypto market struggle. Dogwifhat (WIF) has not been the exception. The memecoin sensation of Q1 saw a significant price drop following the movements of a whale. Recently, an address transferred millions of WIF to a crypto exchange, which ignited speculation about who was behind the transaction. Related Reading: LayerZero’s ZRO Token Airdrop Receives Backlash For ‘Proof-Of-Donation’ Mechanism 6 Million WIF To Binance On Friday, reports of a massive WIF transfer to Binance hit the crypto community. Per the report, one of the top dogwifhat holders moved millions to the largest crypto exchange. The whale transferred 5.97 million WIF, worth around $11 million, on June 21. Additionally, the address offloaded 48 million Trump Coin (DJT), approximately $500,000. After the news, the crypto community began speculating who was behind the transfer. Some users claimed the whale was crypto trader Ansem, who was very vocal about WIF. The trader was also part of the Las Vegas Sphere project, where users donated around $700,000 to project the token’s image in the Sphere. Users on X criticized Ansem for the alleged deposit, expressing their disappointment in his “capitulation”. Some investors took the opportunity to express their discontent with the trader for “grifting and dumping on investors.” The discussion sparked an important conversation: should Key Opinion Leaders (KOLs) not move their money? One user considers that Ansem, and all KOLs, are free to do what they want with their money. The user argued that KOLs are subjected to criticism regardless of their route. When people sell before you do, they are “jeet”. When KOLs sell some of their holdings or even move it around, they are “pump and dampers”. Several community members agreed and questioned if KOLs are “obligated” to hold a token until investors are happy with their profits. However, others argue that community members are “arbiters” of traders’ reputations. Dogwifhat Take A Blow, But Was It Ansem? Despite the rumors, online reports suggest the wallet is not linked to the crypto trader. After deep-diving into the address, a community member found that the address was not associated with Ansem. The post notes that the only reason it was linked to the trader was the large WIF balance and many Solana memecoins. However, the address has a record of selling their token at a loss “to FOMO into new shiny stuff.” Furthermore, the wallet seems to be linked to a now-deleted X account. At the time of writing, the trader has not acknowledged the rumors. After the reports, WIF’s price dropped from the $1.90 to the $1.80 price range. On the last day, the memecoin plunged from the $2.15 mark, representing a 13% decrease. Related Reading: Curve (CRV) Bounces 40% From All-Time Low As Whales Go On Shopping Spree The token has also seen a 25.3% and 36.1% drop in the weekly and monthly timeframes. Crypto analyst Bluntz forecasted a bearish $1 target for the dog-themed memecoin. Ultimately, the analyst stated that a descent to the $1 support level was “inevitable” before the “next parabolic leg.” As of this writing, WIF is trading at $1.83. Featured Image from Unsplash.com, Chart from TradingView.com
In a bold political move, the Winklevoss twins, renowned for their early investment in Bitcoin and co-founding the cryptocurrency exchange Gemini, have each contributed $1 million in Bitcoin to the reelection campaign of former President Donald Trump, Reuters reported. This hefty endorsement highlights a significant intersection between the worlds of cryptocurrency and politics, raising eyebrows
Drug cartels in Mexico used Bitcoin (BTC), Ethereum (ETH) and other top crypto assets to purchase key ingredients for making the lethal synthetic opioid fentanyl, according to a new report from a US regulator. The Financial Crimes Enforcement Network (FinCEN) says cartels purchase fentanyl precursor chemicals, pill presses, die molds and other manufacturing equipment from The post Mexican Drug Cartels Use Bitcoin, Ethereum, Monero and USDT To Acquire Key Fentanyl Ingredients: US Regulators appeared first on The Daily Hodl .
Recent data indicates that Bitcoin might experience a further 12% correction, having fallen below the critical support level of $65,800. CryptoQuant, an on-chain data and analytics platform, highlighted this potential movement in a tweet on June 21. The current Bitcoin value falling below the $64,000 mark suggests a potential drop towards $60,000, a decline of
Now there’s another way to rack up free coins ahead of the Hamster Kombat airdrop. Here’s how to do it and where to find the latest code.