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Jordan Hiscott, Chief Trader at ayondo markets “Green shoots of recovery are appearing for cryptocurrencies as Bitcoin could reach $9,200 in the very near term”
Could it be the green shoots of recovery are starting to appear from cryptocurrencies? The plethora of negative news, both on a macro and micro level, seems to have reached a crescendo and I would argue has even started to dissipate. From the micro perspective, the setup from the chart of some of the dominant cryptocurrencies, like Bitcoin, has certainly stabilised and formed a support base. In my view, Bitcoin could not sustain a move below $5,800 and then maintain a range between $6,200 and $6,900, before most recently moving up to $7,300 in today’s trade. The next point will be key, as long as we can remain above $7,300 I think there is room to push as high as $9,200 in the very near term.
“From a macro perspective, indeed, there has also been a positive change. The hack attacks and importantly, the disruption to underlying traders and investors of cryptocurrencies has decreased. In addition, from a speculation trading point of view, more confirmed and regulated exchanges now seem willing to add the cryptocurrency asset class to their offering. The highlight of this is a rumoured ETF for Ethereum.”
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CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
Mobey Forum’s Fraud Expert Group has published a new report, Rethinking Fraud in a Connected World: Trust, Collaboration, and Resilience in the Digital Ecosystem, exploring how fraud is evolving beyond traditional banking threats and why stronger collaboration across industries is becoming essential.
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SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
European Fintech Association Elects New Board of Directors
The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
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