Ethereum (ETH) rebounded above the $2,600 mark following a sharp intraday decline, signaling renewed investor interest and short-term confidence. Despite recent volatility, institutional demand and ongoing network enhancements may provide tailwinds for a potential move toward $3,000. ETH Experiences High Volatility With Quick Recovery On May 29, Ethereum’s price experienced a 6% decline from $2,724.737 to a low of $2,569.766, driven by broader market uncertainty and intensified sell-offs. However, strong support at the $2,570 level enabled ETH to recover to $2,621.656, reflecting bullish resilience. Short-term support formed at $2,570, where buying pressure re-entered the market, allowing ETH to stabilize. A…
Author: Blockto Team
BlackRock’s iShares Bitcoin Trust (IBIT) has reached a new milestone with its lowest-ever volatility reading, drawing significant institutional investment and reinforcing its position as the leading spot Bitcoin ETF in the United States. Volatility Hits New Low, Boosting Institutional Appeal The 90-day rolling volatility of BlackRock’s IBIT has dropped to 47.64, marking the lowest level since the ETF launched earlier this year. This reduction in volatility is making the fund more attractive to institutional investors seeking Bitcoin exposure with reduced speculative risk. “The lower the volatility gets, the more bigger investors will bite who will help lower volatility even more,”…
Shiba Inu (SHIB) experienced heightened market volatility between May 29 and May 30, 2025, as a substantial influx of tokens into exchanges sparked investor caution and technical bearish signals. SHIB Trades in Tight Range Amid Volatility From May 29 to May 30, SHIB fluctuated between $0.000013252 and $0.000014508, reflecting an 8% intraday trading range. According to technical indicators, a key support level formed at $0.000013285, where notable buying interest triggered price rebounds. Price action revealed a consistent rejection near $0.000014500, indicating resistance and a loss of bullish momentum. By the close of May 30, SHIB stabilized near $0.000013390, with trading…
The cryptocurrency market faced sharp declines as renewed U.S. trade tensions rattled investor sentiment. Leading altcoins Dogecoin (DOGE), Cardano’s ADA, and Solana’s SOL experienced substantial losses after a U.S. appeals court temporarily reinstated tariffs previously struck down by a lower court. Dogecoin Leads Losses with 9% Decline Dogecoin dropped 9% in the last 24 hours, making it one of the worst-performing major cryptocurrencies during this market correction. The price of DOGE fell to $0.20495, mirroring a wave of sell-offs triggered by macroeconomic instability. Cardano’s ADA and Solana’s SOL also slumped, each falling 6%, to $0.70075 and $162.86, respectively. Tariff Reinstatement…
China-based international chauffeur service provider Webus International has announced its plan to raise $300 million through non-equity financing to support a new XRP strategic reserve. This major development is aimed at enhancing the company’s global payment infrastructure by leveraging XRP’s cross-border settlement capabilities. XRP Integration in Global Operations Webus stated that the XRP reserve would be a core component of its global chauffeur payment system. The reserve will be used to support on-chain booking records, driver payouts, and a Web3-based loyalty program for users across the world. The initiative is designed to make international ride bookings faster, more transparent, and…
Thailand’s financial regulator is taking a firm stance on unlicensed cryptocurrency platforms, announcing that several major exchanges will be blocked by the end of June 2025. This move is aimed at protecting investors and enforcing compliance with Thai digital asset regulations. Key Crypto Platforms Affected Starting June 28, Thai users will be blocked from accessing Bybit, OKX, CoinEx, 1000X, and XT.com. These platforms have been charged with violating Thailand’s Digital Asset Business Act, according to the Securities and Exchange Commission (SEC). The Thai SEC has filed complaints with the Economic Crime Suppression Division and requested the Ministry of Digital Affairs…
Panama City Mayor Mayer Mizrachi has proposed a bold new idea: allow ships to pay in Bitcoin for priority access to the Panama Canal. Speaking at the Bitcoin 2025 conference in Las Vegas, Mizrachi suggested that vessels willing to pay in Bitcoin should be able to “cut the line” and gain faster passage through one of the world’s most vital shipping routes. Bitcoin for Faster Access Through the Canal “What if you get a perk for paying in Bitcoin — get your ship to go quicker if you pay in Bitcoin,” Mizrachi said during a panel with El Salvador’s Bitcoin…
Bitcoin (BTC) is undergoing a “healthy pause” near $106,000, giving the crypto market time to digest recent gains after reaching an all-time high above $111,000 last week. Experts believe this consolidation phase could set the stage for a stronger bullish trend in the coming months. Bitcoin Consolidates After ATH Surge According to Nick Forster, founder of the on-chain options protocol Derive, the current sideways movement is a natural correction after Bitcoin’s recent rally. “While the recent surge to over $111,000 was notable, the current price action suggests a phase of consolidation rather than an imminent breakout,” “This pause will give…
U.S. spot Bitcoin ETFs experienced a significant reversal on Thursday, recording $358.6 million in net outflows, marking the end of a 10-day inflow streak that previously saw over $4.26 billion in capital added to the market. Largest Single-Day Outflows Since March The $358.65 million in net outflows on May 30 represented the largest single-day exit since March 11, according to data from SoSoValue. This shift brought the cumulative net inflows for all U.S. spot Bitcoin ETFs down from $45.34 billion on Wednesday to $44.99 billion by Thursday. This sudden reversal highlights growing investor caution amid recent Bitcoin price volatility. Breakdown…
Two New York Police Department (NYPD) detectives have been placed on modified duties after being allegedly linked to a disturbing crypto-related kidnapping and torture case in Manhattan. Detectives Involved in Crypto Trader’s Ordeal According to The New York Times, Detective Roberto Cordero, who works on Mayor Eric Adams’ security team, reportedly picked up the victim, Michael Carturan, from the airport and drove him to a Soho townhouse where he was later held captive. Another officer, Detective Raymond J. Low, a narcotics investigator, allegedly provided off-duty security at the same location. Both officers are now under investigation by NYPD’s Internal Affairs…