Cryptocurrency Markets and On-Chain Ecosystem Developments

Focuses on market developments across Bitcoin, Ethereum, and major digital assets, covering public blockchain ecosystems, DeFi, stablecoins, institutional participation, regulatory policies, and industry innovation to help readers understand key trends and shifts in the global cryptocurrency market.
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ETH short-term rose 1.25% in 15 minutes: Technical rebound and short covering pushed price back above 1590

June 29, 2026, 12:00 - 12:15 UTC: ETH rapidly rose within 15 minutes, yielding +1.25%, with price climbing from 1566.58 USDT to 1597.22 USDT, a volatility of 1.95%. Market volatility notably intensified, short-term trading activity increased, and forced liquidations of short positions pushed prices to quickly recover lost ground. The main drivers of this anomaly were the combined effect of technical buying support and concentrated short covering. After prices touched the short-term support zone
ETH0.52%
BTC1.03%
GateNews·06-29 12:18
ETH short-term rose 1.25% in 15 minutes: Technical rebound and short covering pushed price back above 1590

BTC surged 1.19% in 15 minutes on short-term chart: Strong run in mid-halving cycle, technical breakout may trigger short squeeze resonance.

Between 12:00 and 12:15 UTC on June 29, 2026, BTC rapidly rose within 15 minutes, recording a return of +1.19%, with a price range of 59,596.8 to 60,784.7 USDT and an amplitude of 1.98%. Market attention increased significantly, and short-term volatility intensified. The main drivers of this abnormal move likely stem from a combination of technical breakout and short covering in the futures market. June 2026 falls in the second year after the Bitcoin halving cycle (halving in April 2024). Based
BTC1.02%
GateNews·06-29 12:17
BTC surged 1.19% in 15 minutes on short-term chart: Strong run in mid-halving cycle, technical breakout may trigger short squeeze resonance.