The latest news on June 14, 2024 includes various developments in the world of cryptocurrency:
Bitcoin and Ethereum: Bitcoin (BTC) is predicted to re-reach its all-time high after breaking through the upper line of a symmetrical triangle pattern. Meanwhile, Ethereum (ETH) is anticipated to experience a significant price spike once the newly approved ETF begins trading, which is not believed to be reflected in the current price (BeInCrypto) (CoinSwitch).
Meme Tokens and Altcoins: Meme tokens such as Bonk (BONK) may experience a small price drop as they retest previous high price levels. In addition, the Pepe token (PEPE) is predicted to rise higher after successfully breaking through the descending trend line (BeInCrypto).
Institutional Investment: Semler Scientific, a medical device company, has increased its investment in Bitcoin to $74 million, with plans to increase the investment further to $150 million. This move follows a previous investment that led to a 25% increase in their share price (CoinSwitch).
GameStop and Related Tokens: GameStop shares jumped 47% after famed trader Keith Gill revealed his large position in the company. This also sparked a surge in GME tokens on the Solana blockchain, which rose more than 80% (CoinSwitch).
This development shows the volatility and growth potential in the crypto market which continues to attract interest from institutional and retail investors. For further information and in-depth analysis, you can refer to sources such as CoinSwitch and BeInCrypto (BeInCrypto) (CoinSwitch).
