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Crypto’s Stagnant Summer: Analysts Say ‘Boring’ Markets May Set Stage for Eventual Price Surge

Crypto’s Stagnant Summer: Analysts Say ‘Boring’ Markets May Set Stage for Eventual Price SurgeIn the past week and a half, the crypto markets have shown a bearish trend, suggesting that the summer slowdown is underway. Many anticipate that bitcoin and the broader crypto economy might face a few uneventful weeks ahead. Onchain analyst Willy Woo believes there could be another one to four weeks of cooling down “before […]

Bitcoin Mining Companies Switching to Other Coins Amid Rising Cost of Operations: CryptoQuant CEO

Bitcoin is facing a rare ‘extended level’ of FUD on X — Santiment

Santiment’s Bitcoin social sentiment indicator has been flashing red as the price of Bitcoin has been hovering around the $65,000 mark.

Bitcoin has been facing an “extended level of FUD” on social media platform X amid sideways trading at the $65,000 mark, according to data from cryptocurrency intelligence platform Santiment.

“This extended level of FUD is rare, as traders continue to capitulate,” Santiment wrote in a June 20 X post. FUD stands for fear, uncertainty and doubt.

“The crowd is mainly fearful or disinterested toward Bitcoin as prices range between $65K to $66K,” it added.

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Bitcoin Mining Companies Switching to Other Coins Amid Rising Cost of Operations: CryptoQuant CEO