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Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players. The United States equities markets rallied sharply on June 2 even though the nonfarm payrolls in May rose 339,000, blowing past economists’ expectations of a 190,000 increase. A few analysts pointed out that the market was possibly encouraged by the slower growth rate of hourly earnings which was slightly below estimates and an uptick in the unemployment rate. The rally in the equities markets failed to act as a tailwind to the cryptocurrency markets, which remain stuck in a range. Galaxy Digital CEO Mike Novogratz said in an interview with CNBC that the lack of enthusiasm in the crypto markets was due to absence of institutional buying. Daily cryptocurrency market performance. Source: Coin360 Bitcoin’s (BTC) historical performance in June does not give a clear advantage either to the bulls or the bears. According to CoinGlass data, between 2013 and 2022, ...

Litecoin is officially on the road to halving. The next LTC halving is scheduled for August 2, and its price is already surging. However, can Litecoin reach $1000 in 2023? LTC is currently trading at $89.30 and is up 1.20% in the last 24 hours, according to CoinMarketCap. In the past week, LTC has been in the green, and holders are curious if it’s possible that Litecoin can reach $1000 this year. Source: Pixabay Can LTC Reach $1000 Before The End of 2023 LTC is already creeping up to $100, and as the Litecoin halving draws closer, that price may rise more. Price predictions of various crypto market watchers are up over the next few months for the coin. Litecoin recently bounced from an uptrend that has been in play since last November. It also has also recovered strongly back above its 200-Day Moving Average. The halving, meanwhile, will see the Litecoin rate at which Litecoin is issued to miners halved, which will reduce the cryptocurrency’s inflation rate. ...

Concerning news from Silvergate Bank and FTX may have influenced investors’ decision to press the sell button, but the potential for further downside could be limited. Bitcoin (BTC) is leading the cryptocurrency Markets lower and the matter is being exacerbated by Silvergate Banks' ongoing issues. This week the cryptocurrency-focused bank said that it needed additional time to file its annual 10-K report and warned that it may not be able to operate for another 12 months. Reacting to this news, several cryptocurrency companies announced that they were reducing or canceling their partnerships with Silvergate Bank.  The uncertainty regarding the future of the bank and its overall impact on the cryptocurrency sector may have caused a knee-jerk reaction. However, if the contagion does not spread, the downside may be limited. Daily cryptocurrency market performance. Source: Coin360 Another positive for the cryptocurrency markets is that the United States equities markets are attemptin...