Despite GBTC's significant outflows and concerns about market absorption, Bitcoin manages to maintain support at $40,000. The market remains uncertain, with conflicting forecasts from analysts and traders.
Sanya
BeincryptoAs of June 30, about 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions.
CointelegraphEthereum funds have been undergoing a modest recovery after witnessing 11 weeks of continuous outflows.
CointelegraphXRP's bearish outlook is driven by a mix of technical and fundamental factors that could see its price drop to $0.18 next.
CointelegraphNetwork outages and decreasing smart contract reserves add further downside pressure to SOL price.
CointelegraphSOL price can preserve the bullish bias, however, as its two multi-month support levels converge for the first time.
CointelegraphStrongly bearish fundamentals act as tailwind to Avalanche's technically bearish setup.
CointelegraphShiba Inu developer promises a bright future with an upcoming NFT gaming project, but SHIB price continues to fall.
CointelegraphLittle market celebration accompanies the start of the Bitcoin 2022 conference as macro fears seep into sentiment.
Cointelegraph
