Crypto news

Metaplanet continues to actively purchase Bitcoin as part of their ongoing Bitcoin Treasury operations. Their last purchase of 1,088 BTC for $117.3 million was made on June 2.

Now, the clever blighters have made a distinction between virtual assets and crypto assets, and, by Jove, they’re not calling them securities or digital currencies or any of that rot. No, no, no! They’re giving them their own special category, and that’s just spiffing! 🤓

Meanwhile, the EMA lines are suggesting a cozy little consolidation, with PI precariously perched just above a critical support level at $0.601. Will it break down like a cheap car or rebound like a bouncy ball? Only time will tell, but it’s going to be a nail-biter! 🥴

As we pen this observation, ETH is observed languishing in a state of complete stillness, reflecting a daily change of precisely 0.00%. How riveting! 🎈

Now, here’s the kicker: claiming this airdrop will cost you 15 Alpha points. It’s like paying a cover charge to get into a club where the drinks are free, but you have to confirm your claim within 24 hours. Miss that window, and poof! Your reward disappears faster than your New Year’s resolutions. 🎉

DonAlt, with the sagacity of a seasoned market observer, believes that these treasury holdings could render the next bear market as severe as the calamitous 2018 crash, when Bitcoin plummeted from the dizzying heights of $20,000 to the more modest, yet still respectable, $3,000. He asserts that once Bitcoin reaches its zenith in this cycle, a 70% to 80% drawdown is not an unlikely prospect, a thought that might cause even the most stoic investor to pause and reflect.

According to Saylor, Bitcoin is not just some digital plaything for tech geeks and crypto bros. No, it’s the very foundation upon which the future of global capital flows will be built. As traditional financial systems go digital, he believes the BTC network will be the critical base for storing and transferring wealth.

Cardano, the belle of the ball, emerged as the most-discussed asset. Speculation swirled around development updates, token activity, and market shifts. But, sweetie, ADA’s price momentum weakened, leaving traders and analysts with mixed feelings. How… thrilling.

In this delightful romp through the digital coinage, we shall explore the top three cryptocurrencies to keep an eye on this week: Solana, Ripple, and Zetachain. Buckle up, it’s going to be a bumpy ride!

Ether boasts a market cap of $306 billion, claiming 9.3% of the crypto universe’s $3.27 trillion total. But let’s not kid ourselves; it hasn’t been all sunshine and daisies. Compared to last month, it’s dipped a modest 0.5%, and it’s a hefty 36% below its six-month high, with a 24% drop since the year began. Currently priced at $2,532 per ETH, it’s also trading at about 0.02402 BTC. Yet, a Polymarket bet with a whopping $4.58 million in play suggests a 25% chance that $3,000 per ETH could be on the horizon by June 30. 🎉