Bitcoin Price Weekly Outlook As highlighted in last week’s analysis, bitcoin had a big drop last Sunday night, down to $111,800. The price then bounced back to retest the $113,800 resistance level and the 21-day EMA at $114,000, but was rejected there, falling back down to the $111,300 support level. This level produced another bounce
CoinShares, the European digital asset manager with roughly $10 billion under management, said Wednesday it will acquire Financial Conduct Authority-regulated Bastion Asset Management. The financial details of the deal, which is subject to UK regulatory approval, were not disclosed in press materials. The move is intended to deepen CoinShares’ capabilities in actively managed crypto strategies
According to SoSoValue data, remarkable net inflows were recorded in Ethereum and Bitcoin spot ETFs on September 30. Strong Entry into Ethereum and Bitcoin Spot ETFs: BlackRock Takes Leading Position Ethereum spot ETFs saw a total of $127 million in net inflows, while none of the nine listed funds experienced net outflows. The biggest inflow
Swiss digital asset bank Sygnum has launched a new investment vehicle designed to generate yield on Bitcoin without reducing investors’ exposure to its price movements. The BTC Alpha Fund, developed in partnership with Athens-based Starboard Digital, uses arbitrage strategies to target net annual returns of 8%-10%, which are paid directly in Bitcoin. The fund is
Tokenized equities will be a big benefit to traditional markets, but may not be a boon for the crypto industry that others have predicted, says Rob Hadick, general partner at crypto venture firm Dragonfly. “There’s no doubt it has a big effect on TradFi,” Hadick told Cointelegraph at the TOKEN 2049 conference in Singapore. “They
Cryptocurrency analyst Joao Wedson has made a remarkable assessment of Bitcoin’s current market cycle. According to Wedson, Bitcoin has entered the final stages of a similar process compared to previous cycles, 528 days having passed since the last halving (April 19, 2024). Wedson reminded that the number of days between the halving and the all-time
In a thread on X, Matt Hougan explained that the large valuations of cryptocurrencies make sense when compared to the massive markets they aim to disrupt. Following surprise from the cryptocurrency community at Bitcoin’s multitrillion-dollar valuation, Bitwise’s CIO took to X to explain the large markets that crypto assets are competing for. Bitcoin and gold
Tron Inc., a TRX treasury company, has been on a sustained downtrend since its mid-June peak. The Nasdaq-listed toy and souvenir manufacturer is down 85% from its June 20 peak of $12.80, according to TradingView data. In September alone, the company witnessed a 55% decline. “The hype is deflating,” Peter Chung, head of research at
MEXC Ventures has doubled down on its investment in the Ethena ecosystem, bringing its total exposure to $66 million, according to a press release shared with CoinDesk. The latest move includes a $14 million investment in ENA, the governance token of the Ethena protocol, building on a $16 million ENA purchase and $20 million acquisition