Price analysis 6/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin and altcoins are facing profit-booking after the recent relief rally, but charts suggest that revisit to recent swing lows could be in store. Read More…
Price
Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that roughly $4 billion in loans backed by crypto mining rigs are … Read moreReport: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales
How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?
Interestingly, Ethereum has not reclaimed its all-time high against Bitcoin since June 2017 despite the NFT craze. Read More…