News

Bitcoin’s Volatility Strikes: Rapid Surge to $64,000 Followed by Sharp Reversal

Bitcoin (BTC) experienced a whirlwind of volatility on Wednesday, as its price surged to $64,000 before swiftly reversing course to $59,000, according to CoinDesk data. This rapid fluctuation turned into a challenging situation for leverage traders, resulting in significant losses. Earlier in the day, BTC surged, breaking through the $60,000 barrier for the first time …

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Bitcoin Breaks $63,000 Barrier Amidst Surging Spot ETF Inflows

Bitcoin (BTC) has soared past the $63,000 mark, marking its highest level since the peak of the last bull market in November 2021. This significant milestone comes amidst a rapid succession of $1,000 milestones being crossed by the original cryptocurrency. The current surge in BTC price coincides with substantial inflows into U.S.-traded spot ETFs, with …

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Deadline Looms: Hong Kong Crypto Exchanges Race to Secure Licenses or Face Closure

Crypto exchanges operating in Hong Kong are facing a crucial deadline, with regulators mandating that they must apply for a virtual asset trading platform (VATP) license from the city’s Securities & Futures Commission (SFC) by February 29. Failure to comply could result in the liquidation of their businesses and exit from the region within three …

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Satoshi Nakamoto’s Early Warnings: The Debate on Bitcoin’s Energy Consumption

In a series of recently released emails between Bitcoin creator Satoshi Nakamoto and early collaborator Martii ‘Sirius’ Malmi, concerns about Bitcoin’s potential energy consumption were raised as far back as 2009. The revelation sheds light on the ongoing debate surrounding the environmental impact of cryptocurrencies, particularly Bitcoin. Satoshi Nakamoto, in the emails, acknowledged that Bitcoin’s …

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Uniswap’s UNI Token Surges 60% on Proposal to Revamp Governance and Reward Holders

Uniswap’s governance token, UNI, experienced a significant surge of up to 60% following a proposal to overhaul the protocol’s decision-making framework. The proposal, put forth by Erin Koen, the governance lead at Uniswap Foundation, aims to revitalize and strengthen the governance structure of the decentralized exchange platform. According to Koen’s proposal, the upgrade would involve …

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Polygon’s MATIC: From Market Darling to Underperformer – What’s Behind the Dismal Performance?

Polygon’s native token, MATIC, once hailed as a market darling during the 2021 bull run, has experienced a significant downturn over the past year, notably underperforming compared to BTC, ETH, and other layer-2 coins like ARB, OPT, and SKL. While MATIC enjoyed triple-digit price gains during the previous bull market, its recent performance has left …

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Market Anticipation: Nvidia’s Earnings and Its Ripple Effect on Equities and Crypto

In the realm of financial markets, anticipation is often the precursor to volatility, and Nvidia’s upcoming fourth-quarter earnings report is no exception. Described as “the most important stock on Earth” by some, Nvidia’s performance is poised to have far-reaching implications, potentially triggering a broader correction for both equities and crypto markets. As Singapore-based QCP Capital …

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Bitcoin Faces Downward Pressure as $1.5 Billion Exits Grayscale’s GBTC Post-Spot ETF Launch

In the aftermath of the inaugural launch of spot exchange-traded funds (ETFs) last week, Bitcoin (BTC) has experienced a notable decline of over 15%. A research report from JPMorgan reveals that a substantial $1.5 billion has flowed out of the Grayscale Bitcoin Trust (GBTC), potentially signaling a significant shift in investor behavior post-ETF conversion. The …

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Spot Bitcoin ETFs Poised to Redefine Crypto Investment Landscape in 2024

In a rapidly evolving crypto investment landscape, the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States could reshape the industry, potentially eclipsing the current $50.6 billion market for crypto exchange-traded products (ETPs). According to recent data from BitMEX Research, there are currently 163 crypto ETPs globally with a cumulative $50.6 billion in …

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Shiba Inu’s Quest for $1: Will the Meme Coin Overcome the Odds in 2024

After enduring a year-long bear market, the cryptocurrency landscape appears to be undergoing a transformation in 2023. The total crypto market cap has nearly doubled, injecting a sense of optimism that was seemingly absent during the crypto winter. Amid this resurgence, investors are speculating on whether Shiba Inu (SHIB) can capitalize on the momentum and …

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