Bitcoin price crash to the support levels at $110,000 in another major crypto market liquidation event, as analysts predict another 15% drop ahead. Furthermore, as the ‘debasement trade’ kicks in, Gold has had an upper hand with price soaring to $4,200 per ounce. Short traders are piling up, and if they break the immediate support
A Hong Kong-based subsidiary of a major Chinese commercial bank, China Merchants Bank (CMB), has tokenized its $3.8 billion money market fund (MMF) on BNB Chain. CMB International Asset Management (CMBI) has partnered with BNB Chain to bring its CMB International USD Money Market Fund on its layer-1 (L1) blockchain, BNB Chain announced on Wednesday.
Bitcoin is consolidating near $114,000 after facing rejection from $126,327 earlier this month. The 4-hour chart reveals a corrective structure forming between $110,000 and $115,000, signaling a pause in the recent uptrend. This range-bound movement follows a strong rally in early October and now reflects an equilibrium between buyers and sellers. Traders are closely monitoring
Artificial intelligence and high performance computing (AI/HPC) miners continue to surge pre-market. IREN (IREN) is up 6% pre-market above $73 per share, after closing a $1 billion private offering of 0.00% convertible senior notes due 2031. The deal was oversubscribed and included a fully exercised $125 million greenshoe. The notes carry a 42.5% conversion premium,
US spot Bitcoin and Ether exchange-traded funds (ETFs) saw inflows on Tuesday as Federal Reserve Chair Jerome Powell hinted further rate cuts may come before year-end. Spot Bitcoin (BTC) ETFs saw $102.58 million in net inflows, rebounding from a $326 million outflow a day earlier, according to data from SoSoValue. Fidelity’s Wise Origin Bitcoin Fund
JPMorgan CEO Jamie Dimon, who is widely known as one of the loudest Bitcoin naysayers, has stated that he will no longer comment on the largest cryptocurrency. He has complained about getting “death threats” after making headline-grabbing comments. Long history of anti-Bitcoin comments Back in 2017, the JPMorgan boss famously stated that he would fire
Key Takeaways Fidelity’s FBTC recorded $132.7 million in net inflows on Oct. 14, the largest among all issuers for the day. Fidelity’s strong inflows suggest continued institutional and retail accumulation through its platform. Fidelity, a major US asset manager, saw clients purchase $132.7 million in Bitcoin on Tuesday, demonstrating continued institutional appetite for the leading
Quack AI, a well-known AI-led infrastructure provider, has collaborated with Solius AI Tech, a leading Web3 and AI solutions provider. The strategic partnership aims to broaden the reach of AI-led infrastructure and advanced governance solutions via shared innovation as well as community initiatives. As Quack AI has revealed in its official social media post, the
According to data released today, CryptoQuant CEO Ki Young Ju announced that investors trading in the Bitcoin futures market now largely consist of individual investors. CryptoQuant CEO: Retail Investors Are Now the Major Players in the Bitcoin Futures Market According to data shared by Ju, the average order size for Bitcoin futures was around $6,000