menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Crypto New...
source image

Cryptoticker

1M

read

365

img
dot

Image Credit: Cryptoticker

Crypto News: 3 Explosive Events Next Week Could Send Bitcoin Soaring (or Crashing)

  • On June 10, the CLARITY Act will be voted upon in Congress, potentially allowing $1 trillion in institutional money into crypto and leading to a 20-30% Bitcoin price increase on approval.
  • June 11 brings two significant events: CPI Inflation Data release at 8:30 AM ET could impact crypto prices, and NVIDIA's AI Keynote at 11:00 AM CEST where AI tokens tend to increase 10-20% on NVIDIA news.
  • Upcoming token unlocks may create selling pressure: IMX unlocks 24.5M tokens on June 13, and STRK releases 127M tokens on June 15, suggesting potential price dips before unlocks and buying opportunities after.
  • Traders can capitalize on bullish scenarios by going long on BTC, ETH, and layer 2 tokens, with target prices of $120K for Bitcoin and $3K for Ethereum; while preparing for bearish scenarios by hedging with stablecoins or shorts on unlock tokens if inflation rises or regulation delays occur. The coming week promises high volatility and potential 20%+ price swings in the crypto market.

Read Full Article

like

21 Likes

For uninterrupted reading, download the app