In Brief Pension funds eye Bitcoin ETFs after Fidelity’s launch. Major shift as institutions warm to crypto investments. Bitcoin’s mainstream acceptance could grow significantly. The financial sector is seeing a significant shift as pension funds begin exploring crypto investments. This trend is driven by the recent approval of spot Bitcoin exchange-traded funds (ETFs). Fidelity Investments…
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XYO, a company pioneering technology to improve data validity and user control, has taken a significant step towards a more empowered digital future. On 1st May 2024, they launched the beta version of xyOS, a groundbreaking operating system designed to simplify blockchain interaction and put you back in charge of your digital life. With this innovative development, XYO aims…
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In Brief Dogecoin’s price, despite the short-term recovery, is still vulnerable to further corrections on the daily chart. The investors have been pulling back from the meme coin, which is evident in the OI dropping by 1 billion. Their optimism has been missing since the beginning of the month and could stay that way for…
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In Brief Fantom’s price has failed two attempts at breaching the resistance block it has been under for the past three weeks. MACD shows that the altcoin has a shot at recovery as a bullish crossover can be seen forming on the 8-hour chart. A buy signal is also being flashed on the price DAA…
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In Brief Bitcoin and Ethereum options face expiry, with notional values of $1.39 billion and $1 billion, respectively. Bitcoin’s current maximum pain point is $61,000, highlighting a key level that traders should be aware of. Although market volatility expectations are high, the impact of options expiry is generally short-lived. Friday has come, which means it’s…
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In Brief SHIB may reach new highs or sink due to key technical levels. Bullish SHIB signals hint at a potential rise to $0.000072323. Bearish risk if SHIB dips below $0.000021, may trigger selling. Shiba Inu (SHIB) stands at a critical point. As traders watch closely, SHIB faces potential turning points that could propel it…
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In Brief Ethereum’s price is looking to break out of a descending wedge, which targets the rise at $4,000. The unrealized profits of ETH holders show that there is still considerable optimism among investors. ETH whales are also actively conducting transactions on the network, which could keep the liquidity high. Ethereum (ETH) price is noting a sharp…
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In Brief Deutsche Bundesbank study shows 86% of Germans open to a digital Euro, indicating shifting sentiment on digital assets. Potential CBDC adoption could lead to significant declines in cash holdings and bank deposits, impacting the banking sector. The study highlights the need for careful CBDC policy design to maintain financial stability amidst potential transformative…
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In Brief Dogecoin’s price is moving in a falling wedge, and it is expected to rally upon breakout. The MVRV Ratio shows that DOGE is in the opportunity zone, which triggers a reversal. DOGE has seen rising conviction among investors, which is key to supporting a rally. Dogecoin’s (DOGE) price is declining on the daily chart,…
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In Brief Six new spot Bitcoin and Ethereum ETFs starts its debut on the Hong Kong Stock Exchange (HKEX). The ETFs are available in HKD, USD, and RMB, with promising opening prices and innovative features. Industry experts express optimism about Hong Kong’s future as a crypto-friendly financial hub. Hong Kong has made a significant stride…
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