Markets

Bitcoin cash started a decent increase above the $105 and $108 resistance levels against the US Dollar. The price is now trading above the $110 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $112 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $122 and $125 to continue higher in the near term. Bitcoin cash price is climbing above $112 against the US Dollar, similar to...

Bitcoin has returned to $19,000 for the first time since October, soaring beyond its low trading range established after FTX’s collapse. The move has many on crypto twitter calling for a new bull market – though some believe it’s a bull trap.  Bitcoin traded for $17,911 early on Thursday, experiencing some volatility after December’s CPI inflation clocked in at 6.5%.  The asset pumped by roughly $1000 at about 17:35 UTC, and has maintained its elevated price level since then....

Sam Bankman-Fried (SBF) has released a written statement detailing his account of FTX and Alameda Research’s collapse, including approximations of each firm’s financials before it took place.  The former CEO maintains that FTX could have made customers “substantially whole” within a few weeks, had he not been pressured to file for bankruptcy.  The Pre-Mortem The document, titled “FTX Pre-Mortem Overview,” began by pinning Alameda’s collapse on three causes. These included a...

There is good news and bad news surrounding bitcoin. The good news is that its next major rally is believed to be about six months away according to analyst Katie Stockton. The bad news is that the world’s number one digital currency by market cap is likely to endure a few more hectic drops before this rally occurs. In fact, she is confident that at one point, bitcoin will fall below the $14K mark. Katie Stockton on the Fate of Bitcoin We are now in the early stages of...

Samsung investment arm’s subsidiary – Samsung Asset Management Hong Kong (SAMHK) – outlined plans to list Samsung Bitcoin Futures Active ETF on the Hong Kong stock market starting January 13. According to the official announcement, the fund in question is a sub-fund of Samsung ETFs Trust III, an umbrella unit trust established under Hong Kong law. Samsung’s Bitcoin Futures Active ETF The Samsung Bitcoin Futures Active ETF seeks to provide economic exposure to BTC’s value by...

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El Salvador faced a tough year after making Bitcoin legal tender in the country. But the country’s Legislative Assembly voted to pass a historic – Digital Asset Issuance legislation – that is expected to set the stage for the issuing of President Nayib Bukele’s bitcoin bonds, aka, the Volcano Bonds. The new law will focus on setting up a legal framework around the issuance of digital assets and the wider crypto classification, which includes every other type of digital asset...

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