Kyrgyzstan, a key emerging player in Central Asia’s crypto market, has advanced a bill to establish a state cryptocurrency reserve and support the growth of the wider digital asset industry. Kyrgyz lawmakers have passed amendments to a bill “On virtual assets” in three readings at once, officially cementing terms like “state crypto reserve” and “state
Bitcoin price continues to consolidate within a defined ascending symmetrical triangle, signaling an imminent breakout. With the Fed’s potential rate cut adding a layer of speculation, market attention remains heightened. Consequently, both technical and macro drivers are beginning to align, creating anticipation for the next decisive move.
The cryptocurrency world is buzzing with excitement! Bitcoin, the digital pioneer, has once again captured headlines by impressively surging past the Bitcoin $113,000 mark. This significant milestone, observed across major exchanges like the Binance USDT market, signals a renewed vigor in the crypto space and has many wondering what’s next for the leading digital asset.
Binance and Franklin Templeton are teaming up to build digital asset products that aim to bridge the gap between traditional markets and crypto. The two firms will combine Franklin Templeton’s work in tokenizing securities with Binance’s trading infrastructure and global investor base, according to the Tuesday statement. The goal, both firms said, is to create
At 8:45 a.m. Eastern, bitcoin hovered at $113,366 per coin, buoyed by a market capitalization of $2.25 trillion and 24-hour trading volume of $44.94 billion. The intraday price range between $110,822 and $113,484 points to a day of measured consolidation within a larger bullish recovery. Bitcoin The short-term momentum appears cautiously optimistic, as bitcoin has
While the leading cryptocurrency Bitcoin (BTC) continues to trade in a narrow range, the FED’s interest rate decision to be announced next week is expected to trigger the rise. While it is considered certain that the FED will cut interest rates in September, a 25 basis point rate cut is priced in at 91.8%, and
In a significant move capturing the cryptocurrency world’s attention, Nexus announced on September 10th its successful raising of 10 billion won, approximately $7.2 million, through the issuance of convertible bonds. This strategic capital injection is earmarked for a bold Bitcoin acquisition, signaling a clear pivot in the company’s treasury management strategy. Nexus plans to sequentially
Key Takeaways Bitcoin’s short-term (30-day) correlation with gold is now negative at -0.53, according to Glassnode. This is a significant change from the long-term (365-day) correlation, which is still modestly positive at 0.65. Bitcoin’s short-term correlation with gold has turned negative, reaching -0.53 over a 30-day period, according to data from blockchain analytics firm Glassnode.
Bitcoin Core could trigger a meltdown across BTC exchanges and mining pools if it goes ahead with plans to raise data limits with its upcoming version 30 (v30) software. This is according to Bitcoin Mechanic, a vocal advocate for limiting arbitrary data storage on Bitcoin’s blockchain. Developers have been fighting all year over the default
The CoinShares Bitcoin Mining ETF (WGMI) rose 12% to a record $33.13 on Tuesday as Nebius Group’s $17.4 billion agreement to supply GPUs to Microsoft boosted crypto mining and AI-related stocks across the board The exchange-traded fund is now 44% higher year-to-date and has surpassed its market debut level of around $30. The top two