Many see bitcoin $BTC$71,329.00 as a safe-haven and store-of-value asset, like gold. But some currency traders treat it as a lead indicator for broader market mood, and they’ve been proven right again: Before finding stability near $70,000 recently, bitcoin plunged sharply, presaging the ongoing global stock market swoon. Bitcoin’s price peaked above $126,000 in early
In the cryptocurrency market, Bitcoin, which has recently shown bullish signals, is beginning to face significant technical resistance levels. Crypto analyst Murphy Chen stated that Bitcoin could encounter strong selling pressure in the short term at the $74,000 and $78,880 levels. In an analysis shared by Chen on the social media platform X, it was
Kraken Financial, the Wyoming-based bank of the cryptocurrency exchange Kraken, has made history by receiving approval from the FED for a “skinny” (restricted) master account. Experts describe the outcome of this 5.5-year battle as a “historic turning point” for the crypto industry. In a special episode of the Unchained podcast’s “DEX in the City” team,
Bitcoin $BTC$69,873.58 held firm near $71,000 on Friday, extending a quiet stretch of consolidation that has kept the crypto market largely unmoved by turbulence in global equities. $BTC traded around $71,300 in early trading, up roughly 2.6% over the past 24 hours and slightly higher on the week. Ether (ETH) changed hands near $2,117, gaining
The convergence of AI and Blockchain has progressed past being a subject of speculation and toward an actual phase of structural integration. Nebulai has taken a significant step to confront the centralized monopolies of today’s technological landscape by officially forming a strategic alliance with Pundi AI. The objective of their alliance is to build a
Cache Wallet, a security-first Web3 wallet, has partnered with GANA Insight, a blockchain-native payment infrastructure firm. The partnership endeavors to merge crypto payment functionalities with cutting-edge wallet security. As per Cache Wallet’s official social media announcement, it is integrating the payment infrastructure of GANA Insight with its security-centered wallet tools. Hence, the initiative is poised
Five of the largest private credit fund managers have capped or gated investor withdrawals since late February. The results is a liquidity squeeze that could force trapped investors to dump liquid assets, including Bitcoin ($BTC) and Ethereum ($ETH). The timing compounds the pressure. The Federal Open Market Committee (FOMC) meets March 17-18, and $BTC fell
TL;DR Bitcoin funding rate turned negative, signaling short sellers dominate the market. Institutional ETF inflows counterweight bearish sentiment, limiting downside toward $66,000. Gold tops $5,100, challenging bitcoin’s narrative as a store of value. Perpetual Bitcoin contracts recorded an annualized funding rate of -7% on Thursday, a reading that signals short sellers are paying to keep
Hong Kong is preparing to issue its first stablecoin licences. HSBC, Anchorpoint — a joint venture led by Standard Chartered — and OSL Group are among the three shortlisted recipients, according to local media reports. The approvals would mark Hong Kong’s first concrete step in licensing stablecoin issuers under its Stablecoin Ordinance, which took effect