In the latest turn of events in the cryptocurrency market, the largest spot Bitcoin ETFs in the US have seen positive inflows. However, despite this, the price of Bitcoin itself experienced a hard retracement recently, dropping to $66,300. Nevertheless, Bitcoin has managed to climb back up and is currently hovering around $67,000. On the other
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On July 23, Hong Kong made history by launching Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK). This exchange-traded fund (ETF) offered by China Southern Asset Management Co., Ltd (CSOP) is specifically designed to allow investors to profit from declines in Bitcoin’s price. Product Details The CSOP Bitcoin
The recent surge in digital asset investments has been nothing short of remarkable, with inflows reaching an impressive $1.35 billion last week alone. In total, these investments have now totaled an astonishing $3.2 billion over the past three weeks. This surge in investment has been accompanied by a significant increase in trading volumes for Exchange
Ripple’s XRP has been making headlines recently with a significant 40% surge in just two weeks. The price of XRP soared above $0.60, prompting analysts to predict even further gains, with some suggesting a target price of $8 or even higher. This surge has sparked excitement among investors and industry participants, leading to a surge
Ethereum, over the past decade, has undergone a remarkable transformation within the blockchain landscape. One of the key factors contributing to its success was its initial coin offering (ICO) back on July 22, 2014. The ICO was conducted in a fully permissionless environment, free from any influence from venture capital, and without any vesting periods.
The announcement of Joe Biden’s withdrawal from the 2024 presidential race sent shockwaves through the market of presidential meme coins. Tokens linked to Biden and his family members experienced significant volatility, with prices plummeting for some and soaring for others. The Jeo Boden (BODEN) token, directly associated with Joe Biden, took a huge hit, dropping
Bitcoin’s price has shown significant reaction after President Joe Biden’s decision to quit the 2024 presidential race, pumping to a multi-week peak of over $68,000. This surge comes after a series of wild price fluctuations in recent weeks. The cryptocurrency skyrocketed from $58,000 to $65,000 in the wake of the failed assassination attempt against Donald
The partnership between Kraken and Tottenham Hotspur, two seemingly unrelated entities, has raised some eyebrows in the world of sports and cryptocurrency. The collaboration is set to bring together football and blockchain technology, aiming to enhance the overall experience for fans of both realms. Kraken, a leading crypto exchange, has strategically aligned itself with Tottenham
As the cryptocurrency market continues to see significant growth, Bitcoin has stood out as one of the top performers in the past seven days. Despite facing some volatility, Bitcoin managed to surge by 11% during this period, reaching impressive price levels. However, it struggled to break the $68K barrier and is currently undergoing a minor
Bitcoin has the potential to reach a “mid-term” price level above $1 million, according to crypto investment firm Mechanism Capital. Despite facing poor market structure dynamics earlier this month, Bitcoin is currently showing strength beyond expectations. Andrew Kang, the company’s co-founder, highlighted the leading catalyst for this potential explosion in value – Bitcoin’s adoption as