Bitcoin Price Analysis: BTC Takes Hit, Can This Support Hold?
Bitcoin price started a fresh decline below the $65,000 level against the US Dollar. The price is now trading below $65,500 and the 55 simple moving average (4 hours). There…
Bloomberg Analyst Issues a Warning for the Upcoming Hong Kong Bitcoin, Ethereum ETFs
Hong Kong authorities have given the green light to Bitcoin and Ethereum spot exchange-traded fund (ETF) proposals. However, Bloomberg ETF expert Eric Balchunas anticipates that the Hong Kong ETF sector…
PSG Fan Token Jumps 25% as Football Club Triumphs Over Barcelona
On Taylor, Paris Saint-Germain’s football club fan token, PSG, experienced a surge in value on Wednesday, following Paris Saint-Germain’s impressive 4-1 win against Barcelona in the UEFA Champions League quarterfinals.…
Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports
According to a report by Bloomberg on Tuesday, Senator Sherrod Brown (D-Ohio), known for his skepticism towards cryptocurrencies and holding a significant role as the chair of the Senate Banking…
BAYC Floor Price Plummets 90% in 2.5-Year Span
The price for joining the Bored Ape Yacht Club (BAYC), once a popular Ethereum NFT collection, has dropped noticeably. The current slump represents a decrease of more than 90% from…
Spot Bitcoin ETF Hype Dies Down, Normalcy Sets In
Spot bitcoin ETF flows have slowed after weeks of heavy buying. Only IBIT, BlackRock’s iShares Bitcoin Trust, continues its streak of consecutive daily positive flows. This is a normal development…
OKX ‘OG’ Execs Tim Byun and Wei Lan Leave Crypto Exchange
Tim Byun was CEO of U.S. arm Okcoin between 2018 and 2020, and later became head of global government relations at OKX. Wei Lan was head of product and ran…
Bitcoin Exchange Outflows Intensify as Market Recovers From Weekend Wipeout: Bitfinex
In simpler terms, when the funding rates in crypto perpetual markets returned to normal after a price drop, it indicated that the market correction was normal and potentially signaled a…
Huge Increase in Shiba Inu Burn Rate: Can the SHIB Price Rebound?
TL;DR The Shiba Inu burn rate exploded again, an effort aimed to reduce the asset’s circulating supply and make SHIB more valuable in time. However, the price remains deep in…
Is the Bitcoin Rally Over? Reasons to Stay Bullish on BTC Despite Correction
Over the past weekend, crypto markets experienced significant losses, resulting in a shift from optimistic to pessimistic investor feelings, which now stand at low levels – a stark contrast to…