Crypto News

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.About two weeks ago, I discussed bitcoin's (BTC) bullish breakout above a technical resistance called the Ichimoku cloud and potential for a rally to $100,000. This week, the cryptocurrency obligingly surged into six figures.Now, top alternative cryptocurrencies such as memecoin DOGE, payments-focused XRP, the Ethereum blockchain's ether (ETH) and Solana's SOL have also crossed above the cloud, flashing bullish signals.The analysis, developed by a Japanese journalist in the 1960s, is used to identify support and resistance, momentum and trend change in price actions. The indicator comprises five lines: Leading Span A, Leading Span B, Conversion Line or Tenkan-Sen (T), Base Line or Kijun-Sen (K), and a...

German prosecutors confiscate servers and digital assets from platform accused of laundering proceeds from major crypto hacks.Source link

At 7:50 a.m. Eastern time on Friday, bitcoin’s price held steady at $103,191, pushing its market capitalization to $2.04 trillion with a 24-hour trading volume of $55.17 billion. The intraday price range spanned from $99,239.45 to a local high of $104,332, showcasing a bullish tone tempered by emerging signs of consolidation. Bitcoin The daily chartSource link

By Omkar Godbole (All times ET unless indicated otherwise)As the crypto rally gathers pace ether has widened its lead over bitcoin in terms of volatility expectations, signaling relatively greater action not just in the second-largest cryptocurrency, but in the broader digital asset market as a whole.Deribit's ether implied volatility index (ETH DVOL), which represents the 30-day expected price turbulence, has shot up 11% to an annualized 7% this week while the bitcoin equivalent, BTC DVOL, held steady near multimonth lows around 45%, according to data source TradingView.The divergence has widened the spread between the two to 27%, the most in at least two years. Clearly, traders are anticipating greater volatility in ETH and the broader altcoin market.According to some observers,...

B3 will launch these new futures on June 16, opening new investment avenues for institutional buyers seeking crypto asset diversification. The bourse also announces changes to bitcoin futures to increase the accessibility of these products, given bitcoin’s recent price hike. Brazilian B3 Announces Solana, Ether Futures Launch; Reduces Bitcoin Futures’ Contract Price The Brazilian StockSource link