Bitcoin (BTC) has recently experienced a whirlwind of events, showcasing its volatility and resilience in equal measure. Over the past month, the crypto landscape has seen significant developments, ranging from regulatory approvals to protocol launches, ultimately influencing BTC’s price trajectory. Hong Kong’s approval of spot Bitcoin and Ethereum exchange-traded funds
As the crypto market continues to experience volatility, the options market is gearing up for a significant expiration event. On May 2nd, 2024, 23,000 Bitcoin (BTC) options contracts with a notional value of $1.4 billion are set to expire. The Put Call Ratio for these options is 0.49, indicating a
In the first quarter of 2024, the crypto sphere found itself navigating turbulent waters, with Bitcoin’s highly anticipated halving event failing to produce the expected bullish momentum. The onset of may brought with it a continuation of this bearish sentiment, as Bitcoin plummeted to a two-month low of $56,486, marking
Identifying the next big opportunity can be akin to finding a needle in a haystack. Yet, for those who closely follow the insights of expert traders, such opportunities can become more apparent. Recently, a prominent trader on YouTube has caught the attention of crypto enthusiasts worldwide by identifying three cryptocurrencies
Losses stemming from hacks in the crypto sector fell by 67.9% in April to $60.2 million, compared to March 2024, as reported by blockchain security firm PeckShield Alert. According to the report, over 40 hacking incidents drained this sum across multiple protocols within the on-chain ecosystem. While this is significantly
Hong Kong is poised to launch its first spot of Bitcoin ETFs tomorrow, April 30. While anticipation runs high, questions linger about whether these ETFs can emulate the success witnessed in the US market. Spearheaded by leading asset managers HashKey Capital and Bosera, the imminent launch underscores Asia’s growing influence
Bitcoin experienced a downward trend, hitting a 10-day low of $62,230.51, with trading volume increasing by 10% to $19 billion. Over the past week, it faced a 6% decrease in price, struggling to surpass the $64,000 mark. This lackluster performance coincided with a slight drop in Social Volume, indicating waning
April has been an extraordinary month, in which the cryptocurrency industry has seen significant changes.The Bitcoin halving has been completed. Concurrently, Dubai became a hub for cryptocurrency experts, including practitioners, key opinion leaders (KOLs), investors, and media representatives. In this vibrant atmosphere, Coinstore successfully hosted two major events: the “2024
Depository Trust & Clearing Corporation (DTCC) has decided to assign zero collateral value to Exchange Traded Funds (ETFs) featuring Bitcoin or other cryptocurrencies as underlying assets. Effective immediately, these securities will face a 100% haircut, aimed at mitigating risks within the financial system and reducing leverage-based financialization games on Wall
The cryptocurrency market finds itself gripped by fear, uncertainty, and doubt as the bears tighten their grip on prices. Bitcoin, the bellwether of the crypto world, plummeted to a low of $63.4K, triggering anxiety among traders. Social media platforms are witnessing a scarcity of buy calls while sell signals surge,
