Bitcoin, Binance Coin, Chainlink, and Uniswap Daily Price Analyses – 12 June Morning Price Prediction

The performance of the global crypto market has continued to show depreciation. The market for Bitcoin, Binance Coin, and others remained bearish as there has been little improvement.

Timeline of Bnb, Bitcoin, Chainlink, Uniswap

A new study from one of the biggest accounting firms in the world is revealing that the majority of crypto hedge fund managers anticipate a rebound for Bitcoin this year despite BTC's shaky performance as of late.  PricewaterhouseCoopers (PwC) shares data from a survey conducted by digital assets manager CoinShares in Q1 2022, focusing on The post Majority of Crypto Hedge Funds Extremely Bullish on Bitcoin Despite Weak Price Action: PwC Study appeared first on The Daily Hodl.

Key takeaways: The number of Bitcoin addresses holding one or more BTC has hit a new all-time high of 851,921. The new milestone is despite Bitcoin's bearish environment and a dip below $27k.

Bitcoin (BTC/USD) added to ongoing negative technical sentiment early in the Asian session as the pair continued to weaken below the psychologically-important 30000 figure, trading as low as the 27148.46 area.  Traders drove BTC/USD down to weakest print since 12 May before encountering additional selling pressure around the 28765.82 area.

Bitcoin price analysis is bullish today as we have seen a further decline over the past days and support found at $27,250. Additionally, BTC/USD currently forms a strong bullish reversal candle, which indicates that retracement should follow early next week.

The crypto market came under further pressure soon after the U.S. released its May 2022 inflation data, with CPI at 8.6%. The broader crypto market is down by another 5% today moving closer to the $1 trillion mark.

Nicholas Weaver – senior staff researcher at the International Computer Science Institute – stated in a recent interview that he thinks bitcoin and crypto should “die in a fire.” Clearly, he's no fan of the space.

Grayscale CEO Michael Sonnenshein said pension funds are considering Bitcoin as an asset class for diversifying their portfolio. The post Grayscale CEO says pension funds are looking to add Bitcoin appeared first on CryptoSlate.

Cynthia Lummis' proposed bill can heavily affect Bitcoin and other cryptocurrencies as well but according to her, it can lead to crypto adoption into the traditional financial system and can enable digital currencies to become more accepted as commodities so let's read more today in our latest Bitcoin news. Senator Lummis introduced a comprehensive bill

Billionaire and Microsoft co-founder Bill Gates is the fourth richest person in the world, yet he claims to own no bitcoin or cryptocurrency at the time of writing. He has stated that he is not crazy about where crypto is going and he has often warned people about plunking their money into a new asset.

Twitter Inc (NYSE: TWTR) co-founder and its former CEO Jack Dorsey is planning to create a new decentralized web that will be centered on Bitcoin (CRYPTO: BTC). With his Block Inc (NYSE: SQ) subsidiary TBD, Dorsey aims to build Web5 based on Bitcoin and believes it will play an integral part in the evolution of the internet.