Ethereum price recovery from 8-month low could take longer than expected — Analysts
Several factors accelerated ETH’s drop to $2,100, and analysts warn that the recovery could take some time.
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FTX Fiasco boosts Bitcoin ownership to new highs: analysts weigh in
Data analytics firm Glassnode, hardware provider Trezor and Bitcoin exchange Relai observe an uptick in Bitcoin self-custody. 246 Total views 3 Total shares The bear market has inspired the little guy to accumulate vast amounts of Bitcoin (BTC). The number of wallets holding 1 BTC or more recently hit new highs while those with 10 BTC…
Illuvium, LCX and Tokemak hit new highs as Bitcoin dominance lingers
During bull markets, altcoins tend to accrue gains when Bitcoin price consolidates and at they run in tandem with BTC price during breakouts. This dynamic appears to be at play today because multiple altcoins went parabolic at the same time that BTC made a run at $64,000 and Ether (ETH) hit a new all-time high…
Restricting crypto trading to millionaires good for Hong Kong, says official
Hong Kong’s Treasury Secretary says the government is right to pursue restrictive crypto regulations in the city. 1636 Total views 2 Total shares Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury has defended the recent proposal by the city’s Financial Services and the Treasury Bureau to ban retail crypto trading.In a speech…
Bitcoin Price Holds Key Support and Is on the Verge of Testing $10,000
Recently, the price of Bitcoin (BTC) has been showing virtually zero volatility. This volatility decreased particularly as of late while Bitcoin was resting on the crucial support level of $9,000.But on July 21 Bitcoin finally made a sudden move, as expected in the latest analysis, and the price surged from $9,100 to $9,400. So is…
Bybit debuts AI-powered ‘TradeGPT’ for market analysis and data driven Q&A
Cryptocurrency exchange Bybit has released a free AI-powered trading assistant delivering insights from the platform’s market data. 269 Total views 1 Total shares Dubai-based cryptocurrency exchange Bybit has developed a language based trading tool that uses AI to generate trading insights and answer technical questions from its market data.TradeGPT is being touted as an AI-powered
Binance’s CZ Overtakes Bitmain Co-Founder in New Hurun Rich List
While China now has more billionaires than the United States and India combined, Binance CEO might have more money than any crypto person, a new report says.Binance CEO Changpeng Zhao has overtaken a co-founder of cryptocurrency mining giant Bitmain in the latest Hurun Global Rich List, an annual ranking of the world's biggest billionaires published…
Why did Bitcoin drop? Analysts point to 5 potential reasons
Elon Musk's SpaceX reportedly selling its Bitcoin (BTC) holdings, the bankruptcy of a Chinese property giant and fears of interest rate hikes have been among the theories raised as to Bitcoin's freak price dip.On Aug. 18 around 9:35 pm UTC, the price of Bitcoin suddenly plummeted over 8% in a span of 10 minutes, taking…
Canadian firm planning to convert its Bitcoin trust to an ETF
The Toronto-based investment firm will put the matter to a vote in April. Less than two months after launching trading for shares of its Bitcoin trust, Canada-based investment manager Ninepoint Partners is planning to change its offering to an exchange-traded fund.In an announcement on March 3, Ninepoint said it would be holding a vote for…