To avoid a recurrence of the market chaos that ensued in February when Bithumb accidentally delivered over $40 billion worth of Bitcoin to its clients, the South Korean central bank has suggested that cryptocurrency exchanges have “circuit breakers” that temporarily suspend trade. In a payments report released on Monday, the
In its greatest day since early March, when the US-Iran battle began to kick into high gear, investors poured $269.3 million into BlackRock’s iShares Bitcoin Trust on Thursday. Twelve US-based Bitcoin exchange-traded funds (ETFs) had a net inflow of $358.1 million, reversing a two-day net outflow. A measure of institutional
Crypto assets are now officially considered financial instruments according to Japanese government amendments to the Financial Instruments and Exchange Act, which were made on Friday. The amendment forbids the practice of purchasing and selling based on hidden knowledge, as well as insider trading, according to Nikkei. Another change to the law
What happens on Thursday depends on whether bulls can get momentum back or bears try to bring Bitcoin (BTC) down even more. A crucial technical support level is around $70,500. The next course of action for Bitcoin will be decided by that. Meanwhile, institutional demand is reticent to grow BTC exposure,
Given the background of the Iran conflict and its inflationary consequences, some analysts see the current U.S. inflation data for March, expected Friday, as a significant signal. The most recent bitcoin market action, however, demonstrates that investors do not consider it a game-changer. Analysts are projecting that the crypto market
Bitcoin network activity “just snapped higher after months of decline,” according to Monday’s assessment by CryptoQuant. A blockchain analytics provider’s index keeps tabs on demand for blockspace, addresses, transactions, and UTXOs. It pointed out that there had been over 615,000 Bitcoin transactions per day, the most since November 2024. This
If the Bitcoin community is unable to resolve certain tense problems, the chief researcher at Grayscale warns that resolving the quantum danger to the cryptocurrency may be more of a social than a technological task. On March 30, Google published a document that grabbed the crypto industry’s attention. The research
Paul Atkins, chair of the US Securities and Exchange Commission (SEC), has said that the White House is reviewing a crucial crypto industry safe harbor proposal. Atkins informed attendees at Monday’s Digital Assets and Emerging Technology Policy Summit that the SEC’s proposal to regulate cryptocurrency, which was announced in mid-March,
Bitcoin is still trading below the $70,000 level, currently sitting around $66,400. Over the past few sessions, price has stayed within a tight range, roughly between $65,500 and $67,000, without a clear push higher. Ethereum is moving in a similar way. It has been hovering around the $2,000 to $1,800
The US president’s conflicting signals over a possible agreement with Iran to reopen the Strait of Hormuz, together with news of a possible truce that may permanently end the war, caused the cryptocurrency markets to jump 2.5%. At the time of writing, Bitcoin is trading at $69,700, up 4.03% in
