From a warning on Bitcoin’s wild swings to new adoption for Ethereum and VeChain, here’s a look at some of the stories breaking in the world of crypto.
Senior eToro market analyst Mati Greenspan says crypto traders should prepare for Bitcoin to pull back by as much as 40% in the current rally.
In a new interview with BlockTV, Greenspan says wild swings come with the crypto territory.
“We’ve seen this market cycle play out before where we see huge surges and then massive retracements like we saw in 2018. And now, speculation is rising that we’re going to see another really huge surge. And if that’s the case, what we’re seeing now is still small potatoes.
Even within the hottest bull markets we’ve ever seen, sometimes there are massive retracements. We’ve seen bull market retracements of 20%, 30% and even 40% before. So it wouldn’t surprise me to come back and see a test of that $10,000 or even $9,000 level. What tends to happen is that when traders get really bullish, they go and take on more and more risk. And when they do that, they run the risk of getting stopped out, basically. And that type of situation can create a chain reaction where in an instant you see a 10%, 20% pullback.”
Opera has released its new web 3.0 browser with built-in support for Ethereum on the iPhone.
The browser includes an Ethereum wallet that supports all ERC20 tokens.
For the first time ever, iOS users can start using Web 3 applications and manage their #Crypto directly in their browsers. Get Opera Touch for iOS here: https://t.co/WV0UjE3pgf pic.twitter.com/E0nQipJevr
— Opera (@opera) June 26,