Most of the cryptocurrencies are in the red zone, however, there are some exceptions to the rule, according to CoinStats. BTC/USD The price of Bitcoin (BTC) has dropped by 0.24% since yesterday. On the hourly chart, the rate of BTC has set a local resistance of $116,077. As most of the daily ATR has passed,
Bitcoin is trading near a key technical level, with analysts divided on whether the current structure is part of a broader correction or the early stage of a new rally. The asset recently rebounded from $111,000 but was stopped before it neared the resistance between $117,000 and $119,000, a zone many see as the next
SoFi Technologies (NASDAQ: SOFI) raised its full-year profit forecast on Tuesday after reporting record third-quarter results that beat Wall Street expectations, driven by fee revenue and more user growth across its financial products. CEO Anthony Noto said the company remains on track to launch crypto trading by the end of the year, with plans to
The People’s Bank of China has officially established the Digital RMB Operation and Management Center as the nation prepares its digital currency for widespread adoption. Summary China’s central bank will establish a Digital RMB International Operations Center in Beijing, focusing on building cross-border and blockchain infrastructure for the digital yuan, complementing the existing Operations Management
Bitcoin priceis once again testing the patience of traders, moving within one of the tightest percentile price ranges in its history. For more than four months, BTC has traded between roughly $106,000 and $123,000. This period of quiet has pushed volatility to its lowest level ever recorded on six-month metrics. Each time in the past
As a substitute for Wikipedia, Elon Musk’s most recent project, Grokipedia, was formally launched today and is already gathering the public’s attention. According to reports, the platform Musk is referring to is a smarter AI-enhanced encyclopedia for the modern web and has amassed 800,000 articles, which is a significant amount for a platform that has
The cryptocurrency world is buzzing with recent news that the OKX X Layer head, Felix Fan, has been dismissed from his role. This dramatic development at X Layer, the public chain of the prominent crypto exchange OKX, stems from an alleged conflict of interest. The incident has not only sent ripples through the company but
The digital asset briefly reclaimed $116K early Tuesday morning, after falling as low as $113K overnight. BTC Briefly Rebounds as Equities Hit New Peaks Stock markets were awash in green as several companies blew past analysts’ expectations on Tuesday. The S&P 500 notched another fresh intraday high after companies such as Paypal and UPS posted
The traditional wealth management and private banking world, much of which is hard-bitten and twice shy when it comes to cryptocurrency investing, is under mounting pressure again to deliver digital assets to wealthy clients, particularly in crypto hotspots like Dubai, Switzerland and Singapore. Swiss software firm Avaloq, which serves many private banks and wealth managers,