Bitcoin Rebounds After Nearing Cost Basis Of Short-Term Whales

Bitcoin Rebounds After Nearing Cost Basis Of Short-Term Whales

[ad_1] Bitcoin has found a rebound back above the $66,000 mark following a drop towards the on-chain cost basis of the short-term holder whales. Bitcoin Drawdown Had Nearly Put Short-Term Whales Under Pressure As pointed out by an analyst in a CryptoQuant Quicktake post, BTC’s price had neared the Realized Price of the short-term holder … Read more

First Mover Americas: Hong Kong Spot Bitcoin ETF Applicants Claim Approval

First Mover Americas: Hong Kong Spot Bitcoin ETF Applicants Claim Approval

[ad_1] Bitcoin gained on Monday, adding 3% after dropping to as low as $61,300 over the weekend. The weekend’s drop was due to geopolitical tensions, according to some analysts. Matteo Greco, a research analyst at Fineqia, said: “The weekend’s price drop was attributed to geopolitical tensions in the Middle East, with market sentiment improving after … Read more

Bitcoin From Rare 'Satoshi Era' Moves After 14 Years of Dormancy

Bitcoin From Rare 'Satoshi Era' Moves After 14 Years of Dormancy

[ad_1] Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, … Read more

Breaking: Spot Bitcoin And Ethereum ETFs Approved In Hong Kong

Breaking: Spot Bitcoin And Ethereum ETFs Approved In Hong Kong

[ad_1] The Hong Kong Securities and Futures Commission (SFC) has officially approved several spot Bitcoin and Ethereum exchange-traded funds (ETFs), a decision that marks a significant development in the region’s burgeoning crypto market. These approvals were granted to prominent asset managers including China Asset Management, Bosera Capital, and HashKey Capital Limited, alongside an in-principle approval … Read more

Bitcoin Price Downside Thrust Over Or The Bears Are Not Done Yet?

Bitcoin Price Downside Thrust Over Or The Bears Are Not Done Yet?

[ad_1] Bitcoin price started a major decline amid the Israel-Iran tensions. BTC declined toward $60,500 and is currently attempting a recovery wave. Bitcoin is attempting a recovery wave from the $60,500 support zone. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance … Read more