Bitcoin Demand Falls Sharply Recent data from BGeometrics shows a significant drop in $Bitcoin demand, with the BGeometrics Demand Index falling to 31, its lowest level in weeks. This decline coincides with Bitcoin’s price slipping to around $110,842, reflecting a growing disconnect between interest and price support. BTC demand index – BGeometrics The demand curve,
Republican Congressman Troy Downing is going to introduce a bill aimed at making Donald Trump’s Bitcoin and Crypto 410(k) executive order into federal law. A representative of the congressman confirmed that Downing is going to introduce the bill on Oct. 21. Summary President Donald Trump signed an executive order allowing crypto and other “alternative assets”
The prices of most of the coins are going down, however, there are some exceptions to the rule, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has fallen by 0.55% since yesterday. On the hourly chart, the price of BTC is going down after a false breakout of the local resistance of $111,902. If
Has the PIPE model failed for bitcoin treasury companies? The collapse in the share prices for two notable recently closed deals — KindlyMD (NAKA) and Strive (ASST) suggests as much. A PIPE, or Private Investment in Public Equity, is a financing mechanism where institutional investors purchase shares directly from a publicly traded company at a
In a story that’s becoming too familiar to crypto bulls, prices are sliding sharply on Thursday even as gold and silver once gain notch new record highs. Bitcoin BTC$110,901.10 has tumbled about 2% over the past hour to $108,800, now mostly having given up its bounce from the Friday crash. The action across the rest
Canton Network is transitioning from a promising protocol to an active construction site, with YZi Labs doubling down on its ecosystem by funding Temple Digital to build the foundational trading applications required for adoption. Summary YZi Labs has invested in Temple Digital Group, developer of Canton Network’s first native trading platform, signaling a major step
Bitcoin price struggles to gain ground as gold solidifies its status as a better safe-haven asset amid the ongoing trade-related risks. Summary Bitcoin price has formed a double-top pattern on the daily chart. Gold has become a better safe-haven asset as it hits an all-time high. It has benefited from institutional and central bank purchases.
Stablecoins are emerging as one of the clearest near-term use cases for transforming cross-border payments, according to a report last month from accountancy firm KPMG. Banks currently rely on a correspondent banking network that moves roughly $150 trillion annually, the report noted, a system that typically takes between two and five days for settlement, involves