In Brief Hong Kong approves first spot Bitcoin ETF, boosting BTC to $66,000. China Asset Management partners with OSL Digital and BOC International. Spot Bitcoin exchange-traded fund aims to make Hong Kong a top crypto hub. In a pivotal development for the financial sector, the Hong Kong Securities and Futures Commission (SFC) has granted China Asset Management…
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In Brief $5.55 billion in crypto positions liquidated in April due to speculation around Bitcoin’s halving. Rossmarie Davila advises on strategic investment and managing volatility in the crypto market. Davila recommends careful investment strategies, particularly during periods of market volatility. In an extraordinary display of market volatility, the cryptocurrency market saw a staggering $5.55 billion in…
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In Brief XRP price is prone to losing the support of $0.50, which, in addition to bearish cues, will result in a drawdown. Institutional interest continues to fade in Ripple, with the altcoin noting the lowest inflows of all assets last week. Retail investors aren’t too bullish either, with the Funding Rate turning negative for…
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In Brief MATIC price witnessed a 31% correction in the last ten days, bringing the price below $0.70. About $650 million worth of MATIC is on the verge of profits, which will drive investors to HODL instead of selling. MVRV Ratio is well below the opportunity zone, suggesting selling is far from the investors’ preference.…
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In Brief Crypto advocate and US Senate candidate John Deaton has outstripped Senator Elizabeth Warren in fundraising. Deaton’s campaign has garnered support from prominent figures, including Ripple’s CEO Brad Garlinghouse. Warren’s intensified efforts to rally her donor base suggest acknowledgment of the threat Deaton possesses. Pro-crypto advocate and aspiring US Senate candidate John Deaton has…
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In Brief XRP price has nearly validated the descending triangle pattern, which suggests a 25% correction for the altcoin. Investors are exhibiting bullish sentiment, which suggests that selling will be held off for now, making room for recovery. Mean Coin Age shows that the majority of the XRP investors prefer to hold their assets over…
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In Brief Bitcoin price is validating a Wyckoff pattern, suggesting a rally is likely following the halving event. Relative realized profits show that despite a new ATH, selling has not been as significant as the 2021 cycle. Substantiating the conviction is the accumulation since February, continuing this month, with investors buying $728 million in BTC…
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In Brief Bitcoin’s upcoming halving event, scheduled every four years, reduces mining rewards and is expected to intensify market competition. Involvement from institutional investors and countries like El Salvador indicates a growing acceptance of Bitcoin as a mainstream asset. The halving could prompt regulatory and technological advancements, strengthening Bitcoin’s position as a unique asset class.…
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In Brief The Federal Reserve signals slower rate cuts to prioritize strict inflation control. The decision rekindles questions about Bitcoin’s effectiveness as an inflation hedge. Experts offer diverse perspectives on Bitcoin’s value proposition and future outlook. Federal Reserve Chair Jerome Powell has indicated that interest rate cuts may be further off than anticipated. He cites…
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During this insightful interview at the WOW Summit in Hong Kong with Bonnie Chan, VP and lead researcher at CoinEx, we delve into the company’s future plans, its strategies to leverage the current market conditions, and the unique attributes that set it apart from its rivals. We will explore the integration of Bitcoin into established…
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