Standard Chartered’s new crypto platform will operate from London. British multinational banking giant Standard Chartered is preparing to launch a trading platform specifically for Bitcoin and Ether. This move positions it among the first major global banks to engage in direct cryptocurrency trading. Standard Chartered Enters the Spot Trading MarketAccording to sources referenced in a […]
BTCUSD sellers pressure the price towards the $64,000 support level BTCUSD sellers gain more momentum as the price tests the $64,000 support zone. Buyers recently attempted to push the price higher, but their efforts were short-lived as sellers quickly regained control. BTCUSD Key LevelsSupply Levels: $72,000, $73,860Demand Levels: $60,400, $64,000Earlier this month, the Bitcoin price […]
Bitcoin, the world’s largest cryptocurrency by market cap, has hit a rough patch as it dipped below a crucial price support level on Tuesday. This drop could signal the start of an 8% to 12% correction, according to analysts at CryptoQuant. The concerning development comes as Bitcoin fell below the key support of $65,800, which […]
BTCUSD faces a bearish outlook as whale activity surges. Recent data from CryptoQuant highlights a concerning trend for BTCUSD, pointing towards potential bearishness. The Exchange Whale Ratio, which measures the influence of large Bitcoin holders by comparing their deposits to total exchange inflows, has seen a significant uptick. Bitcoin “Exchange Whale Ratio” Is Rising: Why […]
Since Bitcoin’s price action fell back below the $70,000 mark, the coin hasn’t yet gained the needed momentum to rise back above that threshold. Rather, the market has been hovering closer to the technical support at the $65,000 mark. Let’s try to see what may soon evolve in this market. BTC Statistics: Current Bitcoin Value: […]
BTCUSD bears continue their dominance Bitcoin (BTCUSD) bears dominate after breaking the $67,400 key level. Bitcoin sellers have taken charge, pushing the cryptocurrency below this significant level. This move marks a notable shift in market sentiment, with bears likely to continue driving prices downward. After leaving buyers behind at the $67,000 mark, sellers have established […]
Bitcoin exchange-traded funds (ETFs) have seen a lot of money taken out by investors recently as the crypto market goes through a volatile period. Over $226 million left U.S. Bitcoin ETFs on Thursday alone, marking the third day of big outflows this week. This follows a similar trend seen at the end of April. Fidelity’s […]
In a move that underscores its forward-thinking approach, Wisconsin’s state pension fund has allocated $160 million—approximately 0.1% of its substantial $156 billion portfolio—to Bitcoin ETFs. This investment, detailed in a Form 13-F filing with the SEC, comprises stakes in Blackrock’s iShares Bitcoin Trust and Grayscale’s Bitcoin Trust. Such a significant commitment from a fund known […]
Bitcoin experiences a decline as traders prepare for Wednesday’s release of US inflation data and an upcoming Federal Open Market Committee (FOMC) meeting. Both macroeconomic events are considered pivotal for the outlook of crypto assets. The focus is on how Fed Chair Jerome Powell and the FOMC will react to May’s inflation data, potentially shifting […]
