Recent volatility in the cryptocurrency market suggests that Bitcoin (BTC) is at risk of further loss of value, according to an analysis firm. According to analysis by research firm K33, the increase in leveraged positions and the strong capital flow into Ethereum (ETH) could put the leading cryptocurrency under pressure in the short term. K33
The token for Numerai, a crypto hedge fund that uses artificial intelligence, led a surge in AI-focused digital assets on Wednesday after JP Morgan Asset Management said it was committing $500 million to the project. NMR was up more than 100% over the past 24 hours to trade near $23, according to crypto markets data
Bitcoin, the bellwether cryptocurrency, appears to be in the process of forming an inverse head and shoulders (iHS) pattern. Bitcoin is currently changing hands at $111,491, CoinGecko data shows. The cryptocurrency has dipped by 2% over the past 24 hours. Potential bullish reversal This is a bullish reversal pattern, which typically signals the start of
Story Highlights The enactment of the Bitcoin Reserve Act is vital under the Donald Trump administration as promised on the campaign trail. Senator Cynthia Lummis has been leading other lawmakers to pass the Bitcoin Act soon. The U.S. intends to establish budget-neutral ways to acquire more BTCs. Former White House Crypto Director, Bo Hines, currently
VanEck’s crypto-focused ETF has reached $500 million in AUM, with European expansion playing a major role. Summary VanEck Crypto and Blockchain Innovators UCITS ETF reached $500M in AUM The growth of interest in digital assets in Europe played a significant role The fund invests primarily in companies with more than 50% in crypto revenue Institutional
Bitcoin may outperform every major asset over the next decade, according to a new Bitwise report projecting a 28% annual growth rate. The firm cites rising institutional demand, scarce supply, and growing concerns over fiat currency debasement as key drivers for the rally. Summary Bitwise projects Bitcoin could grow 28.3% annually over the next decade,
Nvidia (NVDA) reported stronger-than-expected earnings for the second quarter on Wednesday, posting revenue of $46.7 billion, a 56% increase from a year earlier. The results underscore the chipmaker’s role at the center of the AI boom, as demand for its high-powered processors showed little sign of slowing. Shares of the company fell 1.7% in after-hours
VersaBank, a Canadian digital bank with a focus on business clients, has started testing a tokenized deposit that the bank says provide a safer and more compliant alternative to stablecoins. The pilot, run through the bank’s U.S. subsidiary VersaBank USA, will trial a U.S. dollar version of the bank’s blockchain-based Digital Deposit Receipts (DDRs) tech.