Story Highlights Korean retail investors have poured over $12 billion into U.S. crypto-related stocks. Despite sharp price declines, Korean buyers continue aggressively accumulating Bitmine, Circle, and Coinbase. Despite analysts caution signs of fatigue as Circle and KakaoPay stocks face sharp corrections. Korean retail investors, known for their strong appetite for cryptocurrencies, are now turning their
Bitcoin has slipped beneath several important support levels after setting a new all-time high earlier this month. Given the current market setup, the short-term outlook points toward a higher chance of further downside. By Shayan The Daily Chart On the daily timeframe, the market has been steadily moving lower, breaking beneath the major descending channel,
Bitcoin’s been dragging through the summer while Ethereum left it in the dust. In August, Bitcoin dropped 7%, even as ETH ran up 17%. Over the last two months, Bitcoin has only moved by less than 1% up, while Ethereum surged by 74%. That underperformance hit Bitcoin’s market dominance, which sank over 5% in a
The cryptocurrency market witnessed a decline in sentiment last week with Bitcoin dipping below $110,000 after a prolonged period. While the decline last week was due to macroeconomic developments, numerous altcoin events and economic developments in the new week may affect the cryptocurrency market. Here is the cryptocurrency calendar we have prepared for you as
Bitcoin’s latest rally is spilling over into the luxury holiday market. The Financial Times (FT) reported earlier today that private jet firms, cruise lines and boutique hotels are increasingly accepting crypto payments. Flexjet-owned FXAIR, for instance, now takes tokens for transatlantic trips costing about $80,000, while cruise operator Virgin Voyages sells annual passes worth $120,000.
MicroStrategy (now Strategy) CEO Michael Saylor has once again pointed toward additional Bitcoin purchases, reinforcing the company’s aggressive treasury strategy. On August 31, Saylor posted a chart from the independent “Saylor Tracker” platform, which maps Strategy’s Bitcoin holdings over time. Saylor Hints at New Bitcoin Purchase The image showed clusters of orange dots representing the
Venture capital (VC) firms have become much more selective with the crypto projects they invest in, representing a shift from the previous cycle due to market maturation, according to Eva Oberholzer, the chief investment officer at VC firm Ajna Capital. “It’s harder because we have reached a different stage in crypto, similar to every cycle