Hong Kong is gearing up to launch its much-anticipated spot Bitcoin and Ethereum exchange-traded funds (ETFs) by the end of April. According to a report from Bloomberg, the Bosera-HashKey Capital spot ETFs are scheduled to begin trading on April 30. The Hong Kong Securities and Futures Commission (SFC) recently granted approval to several fund managers to offer these ETFs in a bid to establish itself as a …
The completion of Bitcoin’s fourth halving has left traders and investors speculating about the short-term market dynamics. While the spot price of Bitcoin saw a slight increase over the weekend, not much significant movement was observed immediately after the halving event, QCP wrote in a recent note on Telegram. Historically, the three previous halvings resulted in a substantial …
DOGE has fallen by 1% in the past 24 hours, with the Dogecoin price dropping to $0.1605 on a day when the crypto market as a whole has gained by 1%. Today’s dip means that Dogecoin is down by 2.5% in a week and by 22% in the past fortnight, although the coin has fared …
Bitcoin, currently trading at $63,999 with a 3.50% increase post-halving, introduces a supply squeeze that might kickstart a new bull market. The event cuts the mining reward from 6.25 to 3.125 bitcoins, underpinning Bitcoin’s strategy to cap its total supply at 21 million coins. While the halving aims to increase scarcity and potentially boost prices, …
SkyBridge Capital founder Anthony Scaramucci said that war or terrorist attacks could potentially lead to a 10% to 15% decline in Bitcoin’s value over the next year. In a CNBC interview published Thursday, Scaramucci discussed Bitcoin’s nascent stage of adoption. He said the asset will not achieve its marketed role as an inflation hedge or …
Amidst Bitcoin’s recent dip, a surge in BTC accumulation addresses signals investor confidence and a potential re-accumulation phase post-halving. Amidst Bitcoin’s recent dip below $63,000, an April 18 report by technical analyst Ali Martinez revealed a surge in BTC accumulation, signifying resilience among Bitcoin holders. Bitcoin braces for its Upcoming Halving Event; Volatility Continues to …
As Bitcoin trades at $61,577, down by approximately 2.50% with a $42 billion trading volume over the last 24 hours, market watchers are paying close attention. Riot Platforms and CleanSpark Poised for Growth Amid Bitcoin Halving, Says Bernstein Ahead of the upcoming Bitcoin halving, the “miner fear factor” is at an all-time high, driving investor …
Bitcoin (BTC) price slipped over four percent in the past 24 hours to retest the support range between $62,000 and $61,000. The flagship coin had stabilized around $63k during the early New York session as long-term holders remained unshaken. According to on-chain data analysis provided by Santiment, Bitcoin addresses holding between 1k and 10k coins …
Popular Bitcoin critic Peter Schiff predicted on April 14 a potential slump in BTC’s price to $20K. He also warned that Microstrategy, the largest corporate holder of Bitcoin, could potentially lose an estimated $2.7 billion if the price crashes. Peter Schiff disclosed his Bitcoin price prediction in an X post while stressing the importance of …
Amidst growing concerns about national security and infrastructure vulnerabilities, China’s role in the cryptocurrency sphere has become a focal point of discussion. Historically, the U.S. has taken firm actions against perceived threats from Chinese technology companies such as Huawei and TikTok. The stakes are higher with cryptocurrencies, as Bitcoin mining operations could potentially serve as …
In response to a subpoena, Mike Schmidt provided details of participants at a Bitcoin developer event linked to the investigation of Luke Dashjr’s Bitcoin theft. As revealed in a social media post by Schmidt, the co-founder of Brink received the subpoena from the Federal Bureau of Investigation (FBI) that required him to submit personal information …
The latest stablecoin hype train is underway in the form of Ethena (USDe), and Bitwise President Teddy Fusaro is taking an interest. In an April 10 Twitter thread reviewing the protocol’s mechanics, Fusaro noted that USDe “may be the fastest-growing USD-denominated asset in the history of crypto.” Bitwise Examines Ethena (USDe) “USDe operates v similarly …
Despite hotter-than-expected inflation data, the Bitcoin price defied expectations and surged in value on Wednesday, even as the US Federal Reserve’s rate cut story was thrown into doubt. The US Consumer Price Index (CPI) reported a 0.4% increase in March, exceeding the anticipated 0.3% rise. Core CPI metrics also surpassed forecasts. This news sent US …
