Cryptonews

Bitcoin’s price dropped further as recent trading data revealed increased selling activity when the price went down.

Despite recent price fluctuations, large Ethereum investors haven’t been selling off their holdings. They’re continuing to hold onto their coins, indicating continued confidence even as the price hasn’t consistently risen.

Oh, the drama! The Sui Network, a Layer 1 blockchain with dreams of grandeur, has hit a snag bigger than a clown car at a traffic jam. Its mainnet stalled, and the SUI token responded with a dramatic 7% plunge. Talk about a bad hair day!

On May 28th, the Sui blockchain experienced a temporary outage, stopping new blocks from being added to the network. Following this disruption, the price of the SUI token fell by approximately 8%.

Myriad, that digital oracle, has birthed a trading competition so grand, it revolves around the 2026 World Cup, with a prize pool of $100,000. A collaboration with the layer-1 blockchain D.Energy, no less. Ah, the sweet symphony of technology and greed!

According to Reuters, Elena Carletti, a key leader at UniCredit, has stated that European authorities might not be able to protect crypto deposits as effectively as U.S. regulators did following the failures of Silicon Valley Bank and Signature Bank.

As of today, Bitcoin is trading around $73,000, having dropped over 2% in the last trading session. The overall cryptocurrency market seems to be stabilizing after repeatedly failing to break through the $77,000–$78,000 price range, which many analysts believe is a major hurdle for a lasting price increase.

CryptoRank’s data shows that claims of “Bitcoin is dead” have happened repeatedly throughout various ups and downs in the market – including times of fear, regulatory concerns, and broader economic downturns. Every time someone has said this, Bitcoin’s price has eventually recovered, proving the claim wrong.

Cryptocurrencies other than Bitcoin and Ether experienced a very turbulent 12-hour period. Factors like money leaving ETF funds, the rapid rise and fall of meme coins on the Solana network, and concerns about project leadership contributed to significant price swings.

He explained that the biggest error people make with cryptocurrency isn’t buying or selling at the wrong time. It’s selling something you should have kept long-term.