A new survey of about 800 institutional investors in the U.S. and Europe shows strong cryptocurrency adoption, particularly bitcoin. About 80% of institutions said they find cryptocurrency appealing, and 60% believe cryptocurrencies have a place in their portfolios.

Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, announced Tuesday the results of a survey to better understand institutional interest and adoption of cryptocurrencies as well as key barriers to investing in them. It was conducted from November 2019 to March 2020. Fidelity Digital Assets offers a full-service, enterprise-grade platform for securing, trading and supporting cryptocurrencies.

A total of 774 institutional investors participated in the survey, 393 of which were in the U.S. while 381 were in Europe. Respondents include financial advisors, family offices, pensions, crypto and traditional hedge funds, high net worth investors, endowments, and foundations. This is the second consecutive year Fidelity has surveyed U.S. institutions but it is the first time it surveyed European investors. According to the results:

Almost 80% of institutional investors find something appealing about digital assets.

Breaking down the number, 74% of U.S. institutional investors find cryptocurrency appealing, while 82% of European investors do. A notable contrast is that 25% of European investors find the fact that certain digital assets are free from government intervention to be appealing, whereas only 10% of investors in the U.S. feel this way, the report further reads.

Moreover, 36% of respondents 27% in the U.S. and 45% in Europe revealed that they are currently invested in digital assets. Bitcoin continues to be the cryptocurrency of choice with over a quarter of respondents holding BTC while 11% have exposure to ETH. Looking out five years, 91% of respondents who are open to exposure to digital assets in a portfolio expect to have at least 0.5% of their portfolio allocated to digital assets, the report adds.

Three characteristics of cryptocurrencies are most compelling to both U.S. and European institutional investors. 36% of respondents said uncorrelated to other asset classes, 34% are compelled by innovative technology, and 33% by the high upside potential. The report notes:

The majority of institutional investors (6 in 10) feel digital assets have a place in their portfolio, though opinions vary on precisely where.

Despite growing interest among institutions, obstacles remain to cryptocurrency adoption. 53% of respondents cited price volatility as the main reason, 47% said market manipulation, and 45% said lack of fundamentals to gauge appropriate value.

Fidelity Digital Assets president Tom Jessop commented on the survey findings: These results confirm a trend we are seeing in the market towards greater interest in and acceptance of digital assets as a new investable asset class. This is evident in the evolving composition of our client pipeline, which spans from crypto native funds to pensions.

What do you think about institutional interest in cryptocurrency? Let us know in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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80% of US and European Institutional Investors Find Cryptocurrency Appealing: Survey - Bitcoin News

In order to profitably trade in a highly volatile market like cryptocurrency trading, the trades have to be on top of all the expert quotes and forecasts they can find on a daily basis.

Cryptocurrencies are the revolutionary digital alternatives to the physical currencies regulated by the central banks around the world. Unlike traditional currencies like dollars, pounds, or euros, cryptocurrencies cant be converted to cash. However, they can be bought, exchanged, and traded on specialist platforms available online. The currencies themselves only exist digitally, with all the ownership information stored in encrypted ledgers.

The first successful cryptocurrency is Bitcoin and it was launched back in 2009. Within a couple of years, a few other cryptocurrencies were introduced, making the possibility of exchanging the digital currencies with one another. It works similarly to the traditional stock and forex markets and requires the use of a cryptocurrency exchange. On some platforms, you can also exchange or trade cryptocurrencies against dollars.

Trading and Exchanging Cryptocurrencies

Between 2017 to 2018, major cryptocurrencies such asBitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, etc. saw a massive surge ininterests from investors, which eventually pushed the Bitcoin value to as highas $20,000 each. It came down to $3,000 level in the following year, and now,experiencing a slow but steady upturn.

As you can see, cryptocurrencies are highly volatile assets. Their value goes up and down on a massive scale and is prone to speculative news and information. Therefore, traders in the cryptocurrency market need to be very careful. There are a number of technical analysis tools available, with many daily resources to learn about the latest quotes and forecasts.

Latest Forecasts on Major Cryptocurrencies

At the time of writing, Bitcoin (BTC) the most important cryptocurrency in terms of value is moving in the $9,000 marks, while Ethereum (ETH) is moving in and around $200. So, borsainside.com, tells us what lies ahead for the top three digital currencies in terms of value.

Bitcoin (BTC/USD)

After the halving in the second week of May this year, Bitcoin prices are experiencing some optimism from the investors. The price is moving just above $9,000 levels. With some analysts predicting a nine percent chance for the price to reach an all-time high, investors should be looking at the $10,050 level, breaking through which may lead to a consistent upward movement for a few days.

Ethereum (ETH/USD)

In light of Bitcoin halving and the launching possibility of Ethereum 2.0; analysts are mainly bullish about this coins value. If it holds the $190 level, and push upwards, all the technical signs suggest for the value to reach between $330 to $360, the level previously seen in 2019.

Ripple (XRP/USD)

December last year saw the value of XRP drop by amammoth 13%. While it somewhat recovered at the beginning of this year, thevalue continues to move around $0.15 $0.20. Analysts see some more downwardmovements, which may turn bullish only if it reaches $0.28 mark.

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Cryptocurrency Quotes and Forecasts: Last Updates on Cryptocurrencies - FinSMEs

According to one blockchain and cryptocurrency security firm, this year is on pace to be the second highest in cryptocurrency theft, hacking and fraud, with January through May 2020 already seeing $1.36 billion stolen in crypto crimes.

CipherTraces Spring Cryptocurrency Crime and Anti-Money Laundering Report (Report) released on June 2, 2020, revealed that 74% of bitcoin that moved in exchange-to-exchange transactions was cross borderhighlighting the need for compliance and regulation. In particular, the Report noted the need for global implementation of the Travel Rule, which applies to all US banks and Money Services Businesses (MSB), including crypto exchange and custodial wallet providers, for transactions of $3,000 and more. The Travel Rule requires banks and MSBs to share the names, geographical addresses and account numbers of both the originators and beneficiaries tied to payments of $3,000 or more with the next financial institution in line to handle the funds. The rule is a blow to the pseudo anonymity associated with cryptocurrencies.

The Report also noted an expected greater scrutiny of US Bitcoin ATMs (BATMs), as users sent more funds to high-risk exchanges than low-risk exchanges in 2019 through BATMs. High-risk exchanges are more likely to be used for money laundering schemes, such as the one run by Kunal Kalra, who pleaded guilty last year for operating a virtual currency exchange business where he exchanged US dollars for bitcoin, including proceeds of criminal activity, such as the sale of narcotics on the Darknet. At the time, the case was believed to be the first of its kind charging an unlicensed money remitting business that used a bitcoin kiosk. But with the percentage of funds being sent to high-risk exchanges doubling each yearso far this year, up to eight percent of all BATM payments are sent directly to high-risk exchangesregulation of, and enforcement actions involving, these exchanges are likely to increase.

Enforcement actions are already starting to materialize. Earlier this year, the Office of the Comptroller of the Currency (OCC) issued a cease and desist order to a US-based bank in New York for failing to fully vet its cryptocurrency customers and transactions in high-risk jurisdictions.

The cease and desist order noted insufficient Anti-Money Laundering (AML) controls, including opening accounts for Digital Asset Customers without sufficient customer due diligence and a lack of adequate monitoring and investigating of suspicious transactions linked to these customers. These deficiencies, in turn, prevented the bank from effectively identifying and investigating suspicious activity linked to crypto-related accounts, which prevented the bank from submitting Suspicious Activity Reports (SARs) to the US Department of Treasurys Financial Crimes Enforcement Network (FinCEN). Importantly, the bank in question was required to implement measures to update its AML and Bank Secrecy Act (BSA) compliance programs involving digital assets.

The Report also found that the global average of criminal funds sent directly to exchanges overall dropped 47% in 2019, suggesting that criminals are finding it harder to offload illicit proceeds directly into cryptocurrency exchanges. While this suggests more effective implementation of AML measures, the downside may be that criminals are getting smarter about concealing the origins of their stolen funds prior to cashing out on exchanges.

In 2019, blockchain hacks, frauds and thefts totaled $4.5 billion, with the vast majority of that amount attributed to fraud and misappropriation versus hacks and thefts.

This year, the trend remains the same, with scams related to COVID-19 contributing to the losses. These scams take the form of impersonation of legitimate organizations and entities (i.e., the Red Cross) in order to obtain personal information and payment in cryptocurrency, applications claiming to support victims but, which are actually spying on users and the sale of PPE supposed treatments, testing kits, and phishing kits that never materialize.

The Report identified Finnish, Russian and UK exchanges as the top three global destinations for criminal funds last year. The Report reiterated that earlier this year, the Financial Action Task Force (FATF), often referred to as a global AML and counter-terrorism financing watchdog, found that the United States is largely compliant when it comes to regulations relating to cryptocurrencies and virtual assets.

Given the pace at which bitcoin fraud, misappropriation, theft and hacking appears to be occurring this year, as well as the latest criminal cases and enforcement actions, banks and MSBs are best advised to examine the robustness of their AML and BSA compliance programs, particularly in light of the Travel Rule, in order to avoid an enforcement action, losses associated with cryptocurrency fraud or, worse yet, a criminal case.

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Cryptocurrency misappropriation, hacking, theft and fraud on target for banner year - JD Supra

Here is what you need to know on Thursday, June 11, 2020

BTC/USD rejection from yesterday was continued today down to $9,100 but has recovered a little now and its trading at $9,350.

ETH/USD suffered a 9% drop today down to $226.2 holding the daily 26-EMA but losing the 12-EMA.

XRP/USD had one of the worst crashes today sliding below $0.20 and currently trading at around $0.191 although the low of the day was $0.184.

A lot of bearish action today in the market after yesterdays failed attempt to break $10,000 by Bitcoin. What initially looked like a mild rejection has turned into a significant crash but not everything is lost and some bullish sentiment is still active.

Bullish news from the United States, President Trump head of OCC seems to be a bitcoin bull according to a recent interview conducted by Forbes. Brian Brooks has recently become the new top banking regulator and is working for the Trump administration. Donald Trump is known for his strong stance against Bitcoin and cryptocurrencies in general.

A digital dollar might be closer than ever as the recent stimulus payments due to the COVID-19 have been quite disappointing. According to Christopher Giancarlo, co-founder of the Digital Dollar Project, digital dollars could help the financial system and make it really simple and accessible.

Binance, the most popular exchange by trading volume has just added a new Bitcoin Futures quarterly contract. Binance customers will be able to use 125x leverage on Bitcoin and benefit from 30 days of maker fee rebates and 0.02% taker fees until July 10.

Blockchain has potential to connect up, in a decentralized network, all kinds of data. It has the ability to create large, friction-free, decentralized networks of people. There is huge and great promise in blockchain and crypto.

Brian Brooks

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Cryptocurrency Market News: Bitcoin drops to $9,100, the rest of the market follows suit - FXStreet

European authorities have seized a bootleg streaming service frequented by over 2 million users. The platform, which came decked out with its very own customer service team, ran a tight shipearning over 15 million ($17 million) via bank transfers and cryptocurrency.

Accused of pirating over 40,000 movies, documentaries, and TV programs from Netflix, Amazon, and the likes, the criminal operation ran for over five years before being captured by Europol, Bloomberg reports.

Discovered among the ill-gotten plunder were exotic cars, property, and approximately 4.8 million ($5.4 million) in cryptocurrencies. Additionally, officials froze a further 1.1 million ($1.2 million) in various bank accounts.

The bust comes as millions seek refuge online amid coronavirus lockdownsbolstering the bottom lines of entertainment services. Legitimate streaming service Netflix added 15 million subscribers in Q1 2020 alone as a result.

The coronavirus also prompted a rampant rise in piracy. According to anti-piracy firm, Muso, come March, visits to illegal piracy sites had spiked by more than 40% in the US.

In response to unabated content swiping, streaming services may choose to up their costs, say experts.

The background threat of piracy means that the subscription video-on-demand services will have the ongoing threat of piracy as a pricing factor, Midia Research analyst Tim Mulligan told Bloomberg.

Ironically, price hikes may initiate a vicious cycle, leading more people to seek cheaperand in some casesillegal alternatives.

Nevertheless, blockchain may hold the answer. As reported by Decrypt, several ventures are applying blockchain's immutable faculties to anti-piracy systems. This includes the Content Blockchain Project, which harnesses an open standard via a decentralized blockchain ecosystem to crackdown on pirated content. But in the meantime, this raid will be quite the setback.

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Europol busts $17 million illegal Netflix site that used cryptocurrency - Decrypt

The leading candidates for governor of Vermont earned between $190,000 and $400,000, according to their most recent tax returns well in excess of the state's average income. But none came close to lieutenant gubernatorial candidate Scott Milne, who reported making more than $2 million in 2018.

The Pomfret Republican took more than $256,000 in profits from Milne Travel and drew a salary close to $101,000, according to a tax return filed with the Secretary of State's Office. Milne owns a 49 percent stake in the travel agency cofounded by his late parents and nowmajority-owned by Altour.

But the vast majority of the candidate's 2018 income came not from plane tickets or cruise ship reservations but fromthe sale of cryptocurrency. Milne's tax return shows capital gains of more than $1.7 million, most of which he said was attributable to sale of the Ethereumand Ethereum Classic digital currencies.

"These investments are one of the cleanest ways of investing in the promise blockchain can bring to society, which I believe is immense and potentially transformational," he said. Milne declined to discuss the details of the transactions, but during his 2016 race for the U.S. Senate, he reported owning between $300,000 and $600,000 of the two currencies. The price of both spiked in 2018 and has since retreated.

"I had some investments that were very strong that year, had a business that was very strong that year," Milne said. "Obviously I've had a lot of years that were not like that."

Milne's success in 2018 evidently did not inspire a turn to philanthropy. He said he donated just $4,885 to charitable causes that year about two-tenths of 1 percent of his income. "I gave north of half a million dollars to the federal government," he explained. "So that was money that went to support our common good."

Since the 2018 election, candidates for the state legislature have been required to submit financial disclosure forms when petitioning to get on the ballot. Those running for statewide office must also submit a copy of their most recent tax return. (Because Tax Day was delayed until July this year due to the coronavirus pandemic, some candidates provided their 2018 returns, while others did so for 2019.)

The documents do not include a list of assets or reveal a candidate's net worth, but they do provide a glimpse of a candidate's most recent earnings. The latest batch shows that several top candidates made far more than Vermont's median household income of roughly $60,000 a year.

Democratic gubernatorial candidate Rebecca Holcombe, a former state education secretary from Norwich, reported that she and her spouse made nearly $403,000 in 2019. Republican Gov. Phil Scott and his spouse made close to $293,000 in 2018. Patrick Winburn, a Democratic gubernatorial candidate and Bennington lawyer, earned more than $235,000 with his spouse that year. And Lt. Gov. David Zuckerman, an organic farmer from Hinesburg who is also seeking the Democratic gubernatorial nomination, reported with his spouse more than $191,000 in income in 2019.

Holcombe and her husband, ProPublica investigative reporter James Bandler,reported more than $138,000 in wages that year. For the first few months of 2019, Holcombe worked as an adjunct professor at Boston College. Thecouple also co-own with four others the Highland Lodge, an inn in Greensboro.

In addition to their salaries, Holcombe and Bandler reported nearly $97,000 in dividends and more than $165,000 in capital gains.

Holcombe said she came into an inheritance in early 2019 and opted to sell or give away some of the stocks she acquired. "Primarily, the gains you see on the return were associated with divestment from fossil fuels and [the pharmaceutical industry], as well as some technology," she said.

According to Holcombe, she and Bandler made nearly $197,000 in charitable contributions that year, largely in the form of stocks. Only about $133,000 of that was deductible, she said.

Holcombe, who has promised to fight for low-income Vermonters, said her personal finances helped illustrate inequities within the economic system."It's a really good case study of how our current economy doesn't work for most Americans," she said. "What you see in my tax returns is that the strength of the stock market is unconnected with the strength of the broader economy and particularly the well-being of lower earners."

According to Zuckerman, most of his $58,000 worth of deductions that year were the result of stock gifts to climate education organizations.

Zuckerman, who co-owns Hinesburg's Full Moon Farm with wife, Rachel Nevitt, reported $99,000 in wages in 2019. That included Zuckerman's $67,000 salary as lieutenant governor and Nevitt's pay from the farm.

The couple also reported nearly $106,000 worth of losses, which Zuckerman attributed to a tough year on the farm. A droughtthe previous summer and fall led to a small harvest and reduced sales over the winter, he said. The farm then invested in new infrastructure and a hemp crop that was initially unprofitable. "Serving as lieutenant governor has impacted the profitability of the farm," he said.

Though Zuckerman said he considered himself fortunate, he argued that the 2019 tax year was an aberration.

"Sometimes a single snapshot in time doesn't always tell the whole story," he said. "Ultimately, I've been very lucky to not have college debt and to have been able to start a business, but the recent economic bump is due to the unfortunate circumstance of my mom passing away."

"This is the most I've ever made in any job I've ever had, so this is a blip on the screen in some respects," Scott said of his gubernatorial gig. "Everything I did for 30 years was to keep reinvesting in [DuBois] and not taking a lot out."

Winburn, who has contributed more than $105,000 to his own campaign, had $188,000 in earnings from his law practice in 2018, according to his tax return. His wife, Kim Winburn, made another $45,000 as his office manager.

The remaining candidates for governor Douglas Cavett, Ralph Corbo, Cris Ericson, John Klar, Bernard Peters, Emily Peyton and Boots Wardinski all reported far more modest earnings or failed to file a tax return. The same was true for many of Milne's competitors for lieutenant governor.

Among the leading contenders for the Democratic nomination for lieutenant governor, Assistant Attorney General Molly Gray reported close to $80,000 in earnings in 2019, Senate President Tim Ashe (D/P-Chittenden) made $47,000in 2018 and activist Brenda Siegel earned just more than $8,000in 2018.

Like Holcombe and Zuckerman, Ingram attributed her wealth to an inheritance. "It just so happens it's the most income I've ever made in my whole life," she said. "The focus of my politics has been on everyday Vermonters who don't make a lot of money and making sure we protect the vulnerable in our society. So I don't want to come across as somebody who's out of touch. I'm not."

Disclosure: Tim Ashe is the domestic partner of Seven Days publisher and coeditor Paula Routly. Find our conflict-of-interest policy here: sevendaysvt.com/disclosure.

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Cryptocurrency and Capital Gains: The Sources of Vermont Candidates' Wealth - Seven Days

KEY POINTS

Europol seized an illegal streaming service that operated for 5 years while providing access to pirated shows and movies to its 2 million users for a fee.

According to Bloomberg, the pirate streaming site offered, [over] 40,000 channels, movies, documentaries and other content. They also stole content from legal streaming sites like Netflix and Amazon Prime.

The operation was very sophisticated in that it even had a customer service team to provide technical help to users.

The pirate ring reportedly earned around $17 million coursed via PayPal, bank transfers, and crypto currencies, of which $5.4 million were seized. Authorities have frozen another $1.2 million sitting in bank accounts. Their base of operations was in Spain, but the authorities arrested 11 people from all across Europe.

With the world on lockdown and people spending most of their time at home, content streaming increased in demand, to where countries asked Netflix to drop streaming quality to ease up on capacity. Netflix itself added 15 million subscribers in the first 3 months of 2020 and they expect this number to rise soon. This affected investor outlook, with Netflix up 42% since the March 12 crash.

NFLIX since March 2020 by vmislos on TradingView.com

However, Netflix is facing a streaming landscape with an increasing number of competitors, such as Disney Plus and the recently launched HBO Max, all vying for customers attention and dollars. A natural response might be to add cost, but it might have a negative effect on legal streaming sites vs. illegal streaming sites. Analyst for Midia Research, Tim Mulligan, told Bloomberg that the background threat of piracy means on-demand subscription sites like Netflix will have to consider the threat of piracy as a pricing factor.

Analysts say Netflix's scale, in terms of its sheer number of ongoing productions and global presence, make it best-placed to weather the pandemic storm Photo: AFP / Olivier DOULIERY

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Fake Netflix That Uses Cryptocurrency For Payments Busted By Europol - International Business Times

The week-long calm in the bitcoin market ended with a sudden $800 price drop on Thursday.

The over-6% drop saw the top cryptocurrency by market value register its biggest single-day decline in two weeks, according to CoinDesks Bitcoin Price Index. Prices briefly hit lows near $9,100, a level last seen on May 27.

Theres three likely factors as to why this happened:

Stock market sell-off

Global equities cratered and traditional safe havens like U.S. government bonds and the Japanese yen gained value as comments by the U.S. Federal Reserve that the economy may take years to recover gave a reality check to investors hoping for a V-shaped recovery.

Bitcoin initially showed resilience by holding above $9,700 during the Asian and European trading hours. However, the sell-off in U.S. equities was too big to ignore for the crypto market traders some of whom likely offered bitcoin on the fear that financial markets could be about to witness another round of panic like that seen in March.

The Dow Jones Industrial Average (DJIA) fell by 1,800 points on Thursday, reviving memories of multiple 1000 point drops seen during the first half of March.

A few observers had warned of an impending price drop in conversation with CoinDesk during Thursdays European trading hours. At that time, bitcoin was trading near $9,800.

A switch to risk-off in global markets could lead to further downside pressure for major cryptocurrencies, Matthew Dibb, co-founder of Stack, a provider of cryptocurrency trackers and index funds, told CoinDesk.

Dump fears

Big on-chain transactions, especially ones related to controversial wallets and addresses, can create panic in the cryptocurrency markets. Thats because, in the past, malicious entities have liquidated stolen coins in the market, causing sudden price declines.

On Thursday, hackers moved over 400 BTC (or $4.1 million worth of cryptocurrency) stolen from the cryptocurrency exchange Bitfinex to unknown wallets, according to twitter bot Whale Alert.

These transfers happened in 20 transactions during the Asian hours and were noted by the crypto market community. A few investors then began speculating about a price dump. At that time, bitcoin was hovering around $9,900.

Another big transaction worth $1.3 billion executed by an unknown wallet also elicited a similar response from the investor community.

Fears that so-called whales are preparing to dump large numbers of coins may have caused some bulls to exit the market. Further, savvy traders may have taken short positions in anticipation of the big dump, likely accentuating bearish pressures.

Charts leaned bearish

Technical traders had a strong reason to sell bitcoins, as the charts were reporting uptrend exhaustion.

The cryptocurrency has failed multiple times to establish a lasting foothold above $10,000 since the May 11 mining reward halving. Markets often test dip demand following multiple rejections at key resistance.

A bearish divergence of a key three-day chart indicator was also suggesting scope for a price pullback.

Thursdays price decline has only strengthened the case for a deeper pullback. The slide to $9,100 marked a downside break of the eight-day restricted trading range of $9,350$10,000.

Additionally, the daily charts relative strength index has dropped into the bearish territory below 50. Analysts see strong support around $9,100, which, if breached, would invite stronger selling pressure.

First support comes from the weekly downtrend resistance line which bitcoin broke and has been sitting above the last few weeks, said Chris Thomas, head of digital assets atSwissquote Bank. This week the level is around $9,000-$9,100, hence [were] likely to see good buying here, then $8,700 & $8,200, otherwise, the next downside zone is $6,500-$7,000.

At press time, bitcoin is changing hands near $9,440. The price bounce from Thursdays low may be associated with the 1% gain in the S&P 500 futures.

Disclosure:The author holds no cryptocurrency at the time of writing.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Why Bitcoin Suddenly Dropped 6% on Thursday - CoinDesk - CoinDesk

A number of crypto strategists predict that Ethereum is about to regain its bullish momentum just as the second-largest cryptocurrency is making strides in terms of fundamental development.

A pseudonymous crypto analyst named Crypto Mocho tells his 123,000 Twitter followers that he believes Ethereum is a strong buy on dips as the cryptocurrency forms a solid base around $236.

Trader Crypto Michal echoes Crypto Mochos sentiments.

He expects ETH to move through a short-term retracement before marching higher. The trader sees Ethereum climbing as high as $331 in August.

Meanwhile, trader Galaxy sees Ethereum rising in tandem with Bitcoin this month after the leading cryptocurrencys impressive performance in May. The move highlights the inherent risk of trading altcoins, which tend to rise and fall based on the direction of BTC.

Highest monthly close [of] BTC in over 7 months. Im expecting nothing less than: 11,000 BTC, $300 ETH in June.

The emerging bullish sentiment in ETH among traders comes amid the cryptocurrencys growth in a number of on-chain metrics.

Crypto intelligence platform Glassnode reports that the number of addresses holding Ethereum has soared to over 72.25 million in May, representing an increase of more than 144% on a year-over-year basis.

Ethereum users are not simply hodling. Glassnode co-founder Rafael Schultze-Kraft says that the second-largest cryptocurrencys usage is also skyrocketing.

The number of new addresses involved in more than one ETH transfer has grown significantly this year. New daily addresses with:

The smart contract blockchain is scheduled to roll out phase 0 of Ethereum 2.0 sometime this year, in part of a long-planned and delayed transition from a proof-of-work to a proof-of-stake model to deal with scalability issues.

Ethereum is trading at $243.50 at time of writing according to CoinMarketCap.

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Trio of Analysts Bullish on Ethereum (ETH) As Cryptocurrency Shows Robust Fundamentals - The Daily Hodl

They deliver a range of marketing as well as industry research results mainly targeted at the individuals looking forward to invest in the global keyword market. The Cryptocurrency Mining market study is major curation of significant information with respect to the competitor details and the major market players and case studies of the global keyword market. The global keyword market report focuses on the consumption of the keyword, its market share with respect to time and growth rate in the recent years of Cryptocurrency Mining market which will be beneficial for the executives and readers to make strategic decisions about the global Cryptocurrency Mining market report.The global Cryptocurrency Mining market report focuses on the major economies various countries and continents all over the globe and parts which have the potential of growth of the global keyword market.

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Global Cryptocurrency Mining Market Expected to Reach Highest CAGR by 2025 Top Players: Advanced Micro Devices, Inc, Russian Miner Coin, Halong...