Bitcoin’s price initiated a new downtrend after encountering resistance around the $62,000 zone. BTC is currently on a decline and faces the possibility of further losses below the $60,000 mark. Breakdown in Bitcoin Price Signals The price of bitcoin began to rise after finding support at $60,250. Bitcoin was managed to bounce back above the … Read more
Hong Kong is rapidly becoming a major player in the Web3 space, and a recent panel discussion at Ordinals Asia explored why. Moderated by Yvonne Ye, the session featured prominent figures like Evan Auyang, Yat Siu (Animoca Brands), David Bailey (Bitcoin Magazine), and representatives from Cyberport and Punk8185. Here are some key takeaways from the … Read more
The world of Bitcoin took a fascinating turn with the emergence of Ordinals, a protocol allowing users to inscribe data directly onto the Bitcoin blockchain. Ordinals Asia, held in Hong Kong on May 10th and 11th, 2024, served as a landmark event, bringing together the brightest minds from the East and West to explore this … Read more
The price of bitcoin suddenly collapsed, falling 3.5% in a single day. However, most popular altcoins had even worse luck. The cryptocurrency market hasn’t fared well over the last day, with the majority of coins trading lower. Bitcoin fell below $61,000, and most other cryptocurrencies are also showing significant declines on their charts. Let’s investigate … Read more
Bitwise emerges as the sole Bitcoin ETF to attract recent inflows, standing apart from other funds that either saw stagnant investments or faced withdrawals. On May 8, Bitwise’s Bitcoin ETF (BITB) garnered $12 million, a notable occurrence in a market where major ETF providers such as BlackRock, Fidelity, and Grayscale witnessed no fresh capital influx. … Read more
Bitcoin (BTC) has been lingering around the $62,000 price mark for an extended period. Nevertheless, there is a possibility of the situation worsening for the leading cryptocurrency in the near future. Heat-stricken miners Recent research shows that there are unmistakable signs that the typical Bitcoin miner is having difficulty after the halving. The most difficult … Read more
Investor apprehension regarding potential Federal Reserve interest rate reductions remains prevalent, as withdrawals from the Grayscale Bitcoin ETF (GBTC) resume. This trend indicates a cautious sentiment prevailing in the market. Investor Uncertainty Continues as Grayscale Bitcoin ETF Withdrawals Resume SoSoValue data indicates that as of May 10, there were $84.6581 million in net withdrawals from … Read more
JPMorgan Chase, the leading US bank, has disclosed its investment in spot Bitcoin exchange-traded funds (ETFs) in a recent submission to the Securities and Exchange Commission (SEC). JPMorgan Chase discloses its investment in Bitcoin ETFs The May 10 filing reveals that JPMorgan Chase’s investments in Bitcoin ETFs were sourced from major players in the industry, … Read more
Despite the recent ups and downs in Bitcoin’s profitability, a recent study indicates that an impressive 86% of BTC addresses are still enjoying gains. Despite the cryptocurrency market’s notorious volatility and the recent sharp declines in Bitcoin’s value, this statistic underscores the resilience of Bitcoin investors. The world of cryptocurrencies is accustomed to sudden fluctuations, … Read more
Metaplanet, a Japan-based Web3 company, has recently disclosed its purchase of additional Bitcoin worth ¥200 million, equivalent to $1.25 million. This move follows its previous acquisition of ¥1 billion worth of BTC, approximately $6.25 million, towards the end of last month. Although the latest purchase is comparatively smaller, it underscores the company’s commitment to establishing … Read more