The crypto market cap plummeted by 6% yesterday, led by Bitcoin’s fall below $60,000 for the first time in weeks. The Hong Kong ETFs started decently well. However, the actual bull run is expected to begin after the Bitcoin halving has yet to begin. During these corrections, when fear exceeds
For a number of reasons, such as dwindling interest from retail investors and a dearth of encouraging signs, JPMorgan maintains its previous advice to be cautious in the cryptocurrency markets going forward. On Thursday, analysts from JPMorgan, headed by Nikolaos Panigirtzoglou, mentioned the cautious stance in a report. The analysts
Recent reports indicate substantial withdrawals from the U.S. Spot Bitcoin ETFs. But big money is already jumping on board with these ETFs. Being the second-largest bank in Europe, BNP Paribas is the most recent one. BNP Paribas has put money into the iShares Bitcoin Trust (IBIT) that BlackRock offers. On
The cryptocurrency sector finds a glimmer of optimism as Solana’s native token, SOL, shines with a 10% surge over the past 24 hours. Amid Bitcoin‘s slump to a two-month low of $56,592, Solana’s remarkable resilience stands out, showcasing a recovery from $121.50 to $135.11. Despite facing a challenging month with
Amid multiple narratives swaying the crypto space, tokenized real-world assets (RWAs) have stolen the spotlight of institutions from the traditional finance (TradFi) scene. These institutional-friendly assets are set to unlock new avenues for investment and liquidity while introducing novel challenges. TheNewsCrypto recently engaged in a discussion with Manuel Rensink, co-founder
Distress grips the global crypto market as Bitcoin (BTC) sinks to $56K, slamming the brakes on its momentum within the $62K-$66K zone. From its all-time high (ATH) of $73,750 in March, the largest-capped crypto has retreated by 23% to hit its 2-month low of $56,555. Consequently, crypto liquidations in the
The crypto market is currently experiencing a deep correction. Bitcoin is struggling to maintain its position above $60K. Ethereum is already dipping below the $3K mark. The Hong Kong ETFs had a slow start on their first day. Despite the market appearing stagnant, this is the opportune moment to seek
The crypto community is becoming more worried as inflows to BlackRock’s spot Bitcoin ETF have paused for many days in a row, marking the first such occurrence since the fund’s introduction. In the US, the iShares Bitcoin Trust (IBIT) of BlackRock, which is the fastest-growing spot Bitcoin ETF, has not
The market has seen massive liquidation as the values of cryptocurrencies, especially Bitcoin, have fallen precipitously in the last day. The liquidation of some of these digital assets exceeded $286 million in leveraged crypto positions. In the last 24 hours, about 99,014 traders have been liquidated, with a total of
The past week has seen a significant downturn in trading activity, reminiscent of levels last witnessed during the final week of January. As traders grapple with indecision, the once fervent calls to ‘buy the dip’ have dwindled, echoing a quieter sentiment among those bullish on the crypto market’s trajectory. Bitcoin
