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.…
Read more
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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In Brief Bitcoin (BTC) price dips, leading to significant trader liquidations. This decrease coincides with the upcoming Bitcoin halving event. Analysts suggest volatility may be a recurring pre-halving trend. Bitcoin (BTC) experienced a notable decline today, following a promising rally the day before. As of the time of writing, it’s trading at $63,118, marking a…
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In Brief PUPS, a Bitcoin meme coin, surges in price and recently set its new all-time high record of $47.44. PUPS NFTs sales skyrocketing, as NFT activity on the Bitcoin blockchain surpasses Ethereum and Solana. The excitement around the upcoming Bitcoin halving and the launch of Runes fuels the momentum. PUPS, a meme coin project…
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In Brief Bitcoin price is trading between $65,300 and $71,360 at the moment, with the potential to rise. An indicator is currently flashing a buy signal, which might drive investors to accumulate BTC. This can be observed on the Reserve Risk indicator as well, which is currently in the green zone. Bitcoin (BTC) price is…
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In Brief Bitcoin’s demand skyrockets, with monthly figures leaping from 40,000 to 213,000 BTC, driven by a surge in accumulation. US ETFs excluding GBTC have notably contributed to this demand increase, with their BTC balances growing significantly. The liquidity of Bitcoin has hit historic lows, with current sell-side liquidity estimated to be a bullish future…
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Quick Take Deribit data indicates that nearly $9 billion worth of Bitcoin (BTC) options are due to expire on March 29, the last Friday of the month, with the total open interest amounting to 133,914 BTC. The put/call ratio is reported at 0.80, signifying more calls in circulation compared to puts, and reflects bullish market sentiment…
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