Hong Kong-based cryptocurrency wealth manager Metalpha Technology is working to offer new entry points into Bitcoin (BTC) and Web3 to investors in Asia. Metalpha is raising a $100 million fund to invest in Bitcoin and other crypto products by the major American crypto asset manager, Grayscale Investments. The new fund aims to help Chinese investors […]
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On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment with inflows totaling $57 million last week, bringing inflows back to a net positive position year-to-date. However, despite this, “volumes were low at $970 million for the week,” and the […]
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Bitcoin (BTC) price has finally broken the $30,000 level after the key price zone lasted as a ten months resistance level. BTC price rallied 6.5% on April 10 and the much-awaited price gain ended an agonizing 12-day period of extremely low volatility, which saw the price hovering close to $28,200. Bulls are now confident that […]
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This week on The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Bitcoin (BTC) breaking through the $30,000 mark, setting a new high for 2023. He also covers Tether blacklisting a validator and whether Ethereum’s latest upgrade could bring institutional investors to Ethereum. Bitcoin hits $30K to mark highest price since June 2022 Bitcoin has […]
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Bitcoin (BTC) got busy testing $30,000 as new support at the April 11 Wall Street open after hitting new 10-month highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 surge decimates liquidity Data from Cointelegraph Markets Pro and TradingView showed BTC/USD coming down from an overnight peak near $30,500. The pair had spent most of […]
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Bitcoin (BTC) got busy testing $30,000 as new support at the April 11 Wall Street open after hitting new ten-month highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 surge decimates liquidity Data from Cointelegraph Markets Pro and TradingView showed BTC/USD coming down from an overnight peak near $30,500. The pair had spent most of […]
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On Apr. 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark says all units will be ready for delivery by Antminer before the end of September. The purchase is expected to add 6.3 exahash per second (EH/s) of mining power […]
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Bitcoin (BTC) has been trading below $29,000 for the past several days. The analyst community remains divided on the near-term prospects of Bitcoin. While some believe that Bitcoin could rise to $30,000, others are of the opinion that a local top has been made. Bloomberg Intelligence senior macro strategist Mike McGlone said that cryptocurrencies, along […]
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Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin (BTC) demonstrated bullishness, holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength. On the regulatory front, on April 4, the Texas Senate Committee on Business and Commerce agreed to move forward and remove […]
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Bitcoin (BTC) reduced its narrow trading range even further into April 8 as risk assets waited for fresh catalysts. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopes for BTC price “impulse” to follow sideways action Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $28,000 on Bitstamp. The pair continued sideways behavior into […]
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