Category

Bitcoin Plunges: Is the "Digital Gold" Myth Shattered? Safe Haven Asset Battle Under the Shadow of WarWith the roar of artillery and smoke billowing, the tense situation in the Middle East has captured the world's attention. Amidst this turbulent time, people are seeking safe havens, and gold, the ancient safe haven asset, is once again shining brightly

BNB Price Poised to Surge Past $700 as CZ's Return LoomsBinance Coin (BNB) has been a focal point in the market in recent weeks, driven largely by mounting speculation surrounding the impending release of Binance's former CEO, Changpeng Zhao (CZ). With the looming threat of imprisonment behind CZ, market sentiment has surged, propelling BNB's price significantly higher

Crypto Market Sentiment Rekindles as Bitcoin Breaks $65,000, Altcoins SurgeBitcoin's surge past $65,000, fueled by strong buying from US spot Bitcoin exchange-traded funds (ETFs), is giving traders confidence that the bull market is back in full swing. On Sept

Bitcoin Drops Below $61,000, 166,000 Liquidated: Middle East Conflict Escalates, Miner Profits ShrinkMarket data shows that in the past 24 hours, the number of liquidated positions across the cryptocurrency network has reached 166,000, with a total liquidation value of $558 million, marking a new high since August 5th. Bitcoin, after reaching a 2-month high of $66,500 on September 27th, has been fluctuating downward, experiencing a cumulative decline of approximately 7% in the past 3 trading days

Cathie Wood's ARK Invest to Invest at Least $250 Million in OpenAI, Boosting AI's FutureCathie Wood's ARK Invest, a prominent investment firm renowned for its focus on disruptive technologies, is set to make a significant investment in OpenAI, the leading artificial intelligence research company, according to TheInsider. This injection of at least $250 million marks a pivotal moment in the AI landscape, signaling growing confidence in OpenAI's potential to revolutionize various industries

Bitcoin Surges Past $65,000, Bullish Momentum Returns, $100,000 Next?On Thursday, the BTC/USD trading pair broke through the $65,000 resistance level, hitting a new all-time high. Friday's daily chart showed the pair has confirmed the breakout, setting the stage for further upside, with the next target being the key resistance around $70,000

Bitcoin Surges Past July High, Reaching $66,000According to Titanium Media App on September 27th, Bitcoin has surged past its July 31st high, reaching $66,000 per coin. The cryptocurrency has gained 1

Bitcoin defies seasonality, poised for biggest September surge in years as Fed cuts ratesAccording to intel gathered by Zhitong Finance, Bitcoin is on track for one of its biggest September gains in recent years. The global wave of interest rate cuts, spearheaded by the Federal Reserve, has helped the largest digital asset weather the seasonal headwinds

Bitcoin Not a Risk Asset? BlackRock: More of a "Global Currency Alternative"Robbie Mitchnick, Head of Digital Assets at BlackRock, recently stated that calling Bitcoin a "risk asset" might be a misnomer, as its long-term drivers differ significantly from other risk assets. While Bitcoin's price movements have been closely tied to US equities in the recent past, Mitchnick believes Bitcoin behaves fundamentally differently from stocks and other risk-on assets, with long-term drivers that are "very different" and even "opposite" in some cases from other risk-on assets

Is Altcoin Season Really Upon Us? Bitcoin Dominance Drops, TOTAL2 Indicator Breaks Downward WedgeSince September 7, the total market capitalization of altcoins has surged by almost 18%, while Bitcoin dominance has also seen a decline. This development, coupled with the trend of the TOTAL2 indicator breaking out of a downward wedge, points towards the arrival of altcoin season

Bitcoin Long Liquidation Risk Surges, $62,000 Emerges as Key ResistanceCurrently, long positions held by mainstream crypto exchanges are significantly higher than short positions on Bitcoin. This means that Bitcoin faces substantial liquidation pressure if the price were to decline

BlackRock: Calling Bitcoin a "risk-on" asset may be mischaracterizedDespite Bitcoin's recent correlation with US stock prices, Robbie Mitchnick, Head of Digital Assets at BlackRock, argues that calling the cryptocurrency a "risk-on" asset might be a misnomer. Stocks, commodities, and high-yield bonds are typically considered risk-on assets because they generally perform well during periods of market optimism and economic expansion