According to an on-chain indicator with a proven track record, Bitcoin (BTC) may be nearing the end of its larger bull market trend. The “rarely reached” multiplier of the number of days that have historically signaled past Bitcoin price peaks, known as Value Days Destroyed (VDD), has surpassed a significant threshold. VDD multiple hits “rare” … Read more
According to Joe Vezzani, CEO of social media analysis platform LunarCrush, despite the rising prices of Bitcoin (BTC) and other digital assets, retail investors remain skeptical and are not easily swayed by the current market hype. According to Vezzani’s assessment, social buzz and general public engagement with Bitcoin have been significantly lower than during the … Read more
ETH’s price fell briefly, with the altcoin valued at $3470 on 9 April Decline in price fueled an uptick in long liquidations Ethereum’s [ETH] long liquidations closed the trading session on 9 April at a weekly high of $59 million, according to Coinglass data. This occurred despite the recent volatility in the altcoin’s price. In … Read more
According to reports, the Hong Kong Securities and Futures Commission (SFC) is said to be speeding up its review of four proposed Bitcoin spot exchange-traded funds (ETFs) from various applicants. Based on reports from Tencent News, a regional news source, the initial approval for Bitcoin spot Exchange-Traded Funds (ETFs) is anticipated to occur by April … Read more
Bitcoin’s price dropped by almost 3% amid U.S economic uncertainties Darius Dale believes that inflation worries are impacting asset markets right now Bitcoin‘s price took a dip of nearly 3% in one day, reaching $69,134 as reported currently. This news comes amidst the economic uncertainties surrounding the US, which may approach a recession in the … Read more
The New Zealand economy strategy-making body suggests becoming more open to advances in cryptocurrency. They presented various proposals to encourage the development of digital currencies in New Zealand. Andrew Bayly, New Zealand’s Minister of Commerce and Consumer Affairs, suggested refreshing the country’s hesitant stance towards exploring and implementing digital assets and blockchain technology innovations. He … Read more