Virtual currency

Bitcoin and Ethereum Futures Prices SurgeAs of the close of trading in New York on Thursday (September 26), the CME Bitcoin futures BTC lead contract closed at $64,705.00, up 2

Is the Ethereum Bull Run Nearing its Peak? $3200 Becomes a Key Resistance LevelWith Ethereum's recent surge in price, many investors are seeking to uncover when this bull run will reach its peak. A seasoned financial journalist, after a thorough analysis of Ethereum's holdings data, exchange rate comparisons, and token distribution, believes that the top of this bull run is likely to be near the $3200 mark

Dogecoin (DOGE) Stalls Before Key Resistance, Can Bulls Regain Upward Momentum?Dogecoin (DOGE) recently stalled before the key resistance level of $0.1120, subsequently adjusting against the US dollar

The High-Speed Train of the AI Era: The Mystery of Computing Power and the Path to InnovationRecently, the field of Artificial Intelligence (AI) has been experiencing a surge in popularity, with its applications ranging from chatbots to self-driving cars and intelligent recommendation systems, penetrating various industries. However, what is less known is that these high-performance AI systems rely on vast computational resources

Is Bitcoins head-and-shoulders pattern hinting at an imminent bounce and a new bull run?A much-anticipated Bitcoin rebound may be on the horizon as the largest cryptocurrency has formed a head-and-shoulders pattern a bullish technical indicator suggesting a potential upside breakout. The formation of this pattern, coupled with the increasing market optimism and improving market sentiment, could fuel the next rally for BTC

China Plans $142 Billion Injection to Boost Economy, Bitcoin ETF Demand SoarsInvestor demand for Bitcoin ETFs has surged as China contemplates injecting up to $142 billion into its state-owned banks to buoy its struggling economy. Meanwhile, Ethereum and WorldCoin are both experiencing strong performance, surging past $2,500 and 14% respectively

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

Bitcoin Rallies Again: Can It Break Through the $65,050 Resistance?BTC/USD has consolidated above $63,500, with bulls pushing hard to break the $65,050 resistance. This would mark a formal end to the current downtrend and could be the first step towards new all-time highs, potentially signaling the top of a bullish flag pattern

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

Is the Fed's Rate Cut Reversal Bringing New Opportunities to the Crypto Market?The Federal Reserve's rate cut plans have undergone a significant shift, causing drastic fluctuations in Wall Street's interest rate market. Unlike previous rate cuts during financial crises, this one seems unrelated to economic conditions and appears more as a preventive measure

Interest Rate Cuts Land, Can the Crypto Market Usher in a New Bull Run?Last week, the Federal Reserve raised interest rates by 50 basis points, the first rate cut since March 2020. This action indicates that the Fed's reaction function has shifted from focusing solely on inflation to focusing on employment

Macquarie Bullish on Bitcoin Mining Companies, Citing Institutional Value Transfer and AI ApplicationMacquarie has initiated coverage on Bitcoin miners including Riot Platforms (RIOT.US), Marathon Holdings (MARA