The leading cryptocurrency, Bitcoin ($BTC), experienced a sudden recovery after weeks of consolidation below $70,000, with the price climbing above $73,000. However, this rise has still failed to convince the market. Analysts have differing opinions on whether this increase represents a genuine breakout or a trap for late buyers. At this point, many analysts argue
The first phase of bitcoin’s BTC$72,608.88 recent drawdown has not triggered panic among institutional investors, according to crypto asset management firm CoinShares. Professional allocators reduced exposure modestly but largely maintained their positions compared with last year. Advisors trimmed holdings while hedge funds scaled back alongside the broader leverage unwind and shifting opportunities in other markets,
On-chain data tracker Lookonchain has identified an old Bitcoin whale that has stirred after eight months of inactivity and moved an enormous amount of $BTC to the world’s largest crypto exchange, Binance. $36.4 million in Bitcoin shoveled to Binance by crypto OG Lookonchain shared a chart by Arkham Research, showing the details of a large
Bitcoin ($BTC) might experience price volatility soon given the activities of whales in the ecosystem. As per a new update by on-chain data platform CoinGlass, Bitcoin’s perpetual futures order book reveals that whales have placed a large buy order around $70,000 and $71,000. Sell wall at $75,000 could cap Bitcoin’s upside This strong bid implies
Bitcoin (BTC) experienced a significant recovery, rising above $73,000 in a very short time. With this surge, Bitcoin is approaching a critical price range that could determine the next trend. Analyst Omkar Godbole said Bitcoin is approaching the critical price zone of $73,750 to $74,400, which has functioned as a significant support or resistance level
U.S. Senator Cynthia Lummis believes that Wall Street banks and crypto companies could soon operate within the same financial ecosystem. Her remarks followed a notable development involving crypto exchange Kraken, which recently obtained access to a Federal Reserve master account. Specifically, the approval connects the company directly to the U.S. central banking payment infrastructure. Speaking
Nine Group, a RWA platform that specializes in connecting real-world entertainment assets in on-chain markets, today announced a strategic partnership with Rocket IDO, a Web3 launchpad platform that provides projects with early growth stage by exposing their network visibility and linking them with ideal customers. This collaboration allowed Nine Group to combine its RWA network
Vision Chain, a prominent digital asset infrastructure company, has officially partnered with Bitpanda, a digital asset services firm in Europe. The partnership is poised to offer compliance-focused and scalable solutions for institutional users within Europe and across the globe. Vision Chain will be the infrastructure behind Bitpanda Enterprise Tokenize. Together, we will bring scalable, compliance-ready