Markets

Inflows from the new spot Bitcoin exchange-traded funds (ETFs) are the major reason BTC has experienced a significant uptick, surpassing the $50,000 level and exceeding $52,000. According to a tweet by Marc van der Chijs, Bitcoin investor and founder of several crypto firms, including miner Hut 8, ETF issuers are buying more than 10-12x the amount of BTC produced daily, and this is leading to a 2% price increase, which is roughly $1,000, per day. ETFs’ Impact on BTC’s Price...

After experiencing heightened buying pressure and a robust surge, Bitcoin’s price has breached a significant resistance region, notably the psychological threshold of $50K and the upper boundary of the multi-month ascending channel. This signals a notable bull market, with investors eyeing the possibility of Bitcoin reaching new all-time highs in 2024. Technical Analysis By Shayan The Daily Chart Upon careful examination of the daily chart, it’s clear that Bitcoin’s price has...

Bitcoin climbed by nearly 20% this week, surpassing the $1 trillion market cap for the first time since November 2021, owing to the continued inflows to the newly launched spot ETFs earlier this year. Following this milestone, BTC hit an all-time high against a few depreciating fiat currencies, including the Japanese Yen. In fact, Bitcoin surged to a fresh peak of 7.9 million Yen on the Tokyo-based cryptocurrency exchange bitFLYER. In comparison, its price in USD remained...

CoinspeakerInvestors Place Record-Breaking Bullish Bets on Solana’s SOL Futures SOL's upward trajectory might continue for a while longer, supported by the broader market conditions, despite still being 55% below its all-time high. Investors Place Record-Breaking Bullish Bets on Solana’s SOL Futures

CoinspeakerBinance Labs Announces First Batch of Investments in Season 6 Incubation Program Of 12 projects announced to participate in sixth season of Binance Labs' incubation program, three have been selected as the first batch. Binance Labs Announces First Batch of Investments in Season 6 Incubation Program

CoinspeakerFDUSD Trading Pairs Dominate on Binance FDUSD trading pairs have reached a new milestone just weeks before all BUSD balances will be converted to FDUSD. FDUSD Trading Pairs Dominate on Binance

CoinspeakerBitcoin Above $52K, BlackRock and Fidelity Continue to Lead Spot BTC ETF Inflows Bitcoin crossed $52,000 and seems ready for more increase as spot ETFs receive more large inflows, with BlackRock and Fidelity leading. Bitcoin Above $52K, BlackRock and Fidelity Continue to Lead Spot BTC ETF Inflows

CoinspeakerBakkt Receives US SEC’s Greenlight to Raise $150M in Capital, BKKT Shares Up Over 7% Bakkt announced that the US SEC approved its universal shelf registration in Form S-3 to raise up to $150 million in several offerings over the next three years. Bakkt Receives US SEC’s Greenlight to Raise $150M in Capital, BKKT Shares Up Over 7%

EOS price started a fresh increase above the $0.732 resistance against the US Dollar. The price is now trading above $0.740 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.7440 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.770 and $0.800 resistance levels. EOS price is rising above $0.750 against the US Dollar, like Bitcoin. The...

Litecoin is gaining pace above the $65.00 resistance against the US Dollar. LTC price is now trading above $66.00 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $69.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $70.80 and $71.40 resistance levels. Litecoin price is recovering from the $68.20 zone against the US Dollar, like Bitcoin....