FG Nexus has announced that it will be implementing a 1-for-5 reverse stock split in an effort to attract institutional investors and improve its trading liquidity despite its low price. To remedy its falling stock value and attract institutional interest, FG Nexus has announced that it will be implementing a reverse stock split, reducing its
Bitcoin’s BTC$69,097.42 rebound from last week’s selloff is already running into a wall. After briefly sliding into the low-$60,000s in a capitulation-style move last week, the largest cryptocurrency snapped back toward the $70,000 level over the weekend but momentum has since faded. That stall has traders re-framing the bounce as a classic bear-market pattern a
When markets get tough, as crypto did at the end of January, investment companies need all the help they can get to make the right decisions, fast. No surprise, then, that many are turning to AI, the shiniest new weapon in the arsenal, to analyze and suggest ways of minimizing losses and even making a
For the first time in nearly a month, U.S. bitcoin exchange-traded funds (ETFs) have recorded back-to-back net inflows, snapping a redemption streak that stretched back to mid-January. According to SoSo value data, the consecutive inflows shift began on Friday with $471.1 million in fresh capital, followed by a $144.9 million on Monday. This comes as
Bitcoin’s BTC$68,900.75 sharp rebound from last week’s plunge toward $60,000 has been accompanied by a subtle but important shift in one closely watched indicator of U.S. demand. The Coinbase Bitcoin Premium Index — which tracks the price gap between bitcoin traded on Coinbase and the global market average — has climbed sharply from deeply negative
Global markets began the new week with a drop in Bitcoin prices, volatility in gold prices, and strategic changes in US Treasury bonds. Leading figures in the industry, including CEO Dave Weisberger, Strategist James Lavish, and Bloomberg Senior Strategist Mike McGlone, discussed the current state of the markets and future risks. CoinRoutes CEO Dave Weisberger
Anatoly Aksakov, chairman of the State Duma’s Financial Markets Committee and known as one of the architects of cryptocurrency regulation in Russia, made striking statements arguing that Bitcoin “will collapse sooner or later.” Aksakov, in his assessment published in the Russian Parliament Gazette, responded to Russian experts who stated that it is difficult for the
Following the compilation of bear flag patterns, the Bitcoin price is poised for a 20% fall to retest $55,000. On February 6, accumulator wallets absorbed 66,940 $BTC in a single day. $BTC’s fear and greed index at 9% indicates the market sentiment is in extreme fear. The pioneer cryptocurrency Bitcoin recorded a low volatility trading
ATT Global, a Web3 advertising company, has partnered with Waves AI, a multichain identity and content platform. The strategic partnership brings together the DePIN and RWA-driven advertising network and Waves AI’s cutting-edge identity ecosystem. As per ATT Global’s official social media announcement, the initiative bridges physical touchpoints with a robust Web3 entry. Hence, the move
American billionaire and hedge fund manager Ray Dalio has warned that central bank digital currencies (CBDCs) are coming, which will offer benefits but also potentially allow governments to exert more control over people’s finances. “I think it will be done,” said Dalio on CBDCs in a wide-ranging interview on the Tucker Carlson Show on Monday,