The recent trend of outflows in Spot Bitcoin ETFs has raised concerns within the cryptocurrency market. With seven consecutive days of outflows, totaling around $100 million per day, it is evident that institutional sell-offs and miner sell-offs may be playing a significant role in this downward trend. The correlation between the outflows and the decline
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FTX, a prominent cryptocurrency exchange, recently received approval from a US bankruptcy court to proceed with a liquidation plan that involves settling customer claims in cash. This decision has sparked controversy among customers who are dissatisfied with the proposed payment amounts based on crypto prices at the time of FTX’s collapse in November 2022. Despite
Ethereum’s price has been on a rollercoaster ride recently, experiencing both ups and downs. The digital currency started a recovery wave from the $3,230 zone and managed to climb above $3,350. However, it is now facing strong resistance at $3,420. This resistance level could prove to be a significant hurdle for Ethereum’s price movement in
The once-thriving cryptocurrency market is now facing a harsh reality check, with Bitcoin at the forefront of a major retreat. After reaching dizzying heights earlier this year, Bitcoin has experienced a significant plunge, dragging down the entire crypto ecosystem with it. Investors, spooked by the prolonged price slump, have been abandoning Bitcoin in droves, leading
Aayush Jindal, a prominent figure in the financial markets, has amassed over 15 years of experience in Forex and cryptocurrency trading. From a young age, Aayush displayed an innate talent for understanding complex systems and patterns. His curiosity for market dynamics led him on a path to becoming a respected advisor and senior market expert,
Aayush Jindal is a prominent figure in the financial markets, with over 15 years of experience in Forex and cryptocurrency trading. His reputation as a trusted advisor and senior market expert has earned him a global following among investors seeking guidance in navigating the complexities of modern finance. Aayush’s expertise in technical analysis and chart
Anthony Scaramucci, the founder of SkyBridge Capital, has made bold predictions about the future price of Bitcoin. He stated in an interview on Unchained that if Joe Biden wins the presidential election for a second term, Bitcoin could reach new all-time highs. Scaramucci believes that the price of Bitcoin could soar to $170,000- $250,000 under
Bitcoin price has once again faced a negative trend as it failed to recover above the $63,500 level. The downward movement started after BTC struggled above $63,000 and faced a strong decline below the $62,000 and $61,500 levels. This has raised concerns among investors who were hoping for a positive market movement. At present, the
Louisiana Governor Jeff Landry recently made headlines by signing a bill that takes a strong stance against central bank digital currencies (CBDCs) and supports the protection of crypto mining. The bill, known as HB 488, not only prohibits governing authorities from accepting or requiring payments in CBDCs but also prevents them from participating in CBDC
Coinbase, a leading cryptocurrency exchange, may face regulatory challenges due to its compliance with the new Financial Accounting Standards Board (FASB) rules. These rules, which shift the accounting and disclosure for cryptocurrencies to a fair-value model from a cost-less-impairment model, were agreed upon by the FASB in 2023 and will officially take effect in 2025.