In Brief Analysts foresee significant Bitcoin growth as its bull market begins. Confidence stems from strong fundamentals and historical data indicating immense potential. Accumulation by whales and market sentiment point to a bullish trend ahead, despite current consolidation. As the cryptocurrency landscape evolves, a chorus of expert analysts sings the same tune: the Bitcoin bull…
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In Brief Climate tragedy affected more than 700,000 people in Brazil. 15,000 people are in shelters and almost 81,000 are homeless. It is possible to donate in cryptocurrencies such as Bitcoin. To date, authorities have reported more than 100 people missing and 83 dead after storms and rain hit the entire state of Rio Grande do…
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In Brief Binance Coin is poised to be one of the best-performing assets, given its ongoing consolidation and proximity to forming a new ATH. PEPE, which has already noted a 585% growth in the last three months, could still rise by another 41%. Tron (TRX) just prevented a death cross on the daily chart, providing it…
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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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In Brief The trustee overseeing Mt. Gox’s bankruptcy proceedings has taken a significant step by introducing repayments. Multiple creditors active on Mt. Gox’s insolvency hub on Reddit confirmed receiving notifications of an update. Meanwhile, Mt. Gox have warned its creditors to be wary of fraudulent emails that might be impersonating its team. The trustee overseeing…
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In Brief Meme coins have seen significant price surges following the Bitcoin halving event. Bitcoin shows modest gains post-halving, with expectations of long-term growth. Runes, a new Bitcoin token standard, sparks interest but has modest trading volumes. In the cryptocurrency market, the latest halving event has surprisingly not put Bitcoin in the spotlight. Instead, meme…
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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 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 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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