Bitcoin’s recent all-time high may be linked to ongoing issues in the Japanese bond market, possibly signaling BTC’s growing recognition as a hedge against instability in the traditional financial (TradFi) system. Bitcoin’s (BTC) price rose to a new all-time high of $112,000 on May 22, before retracing to change hands above $109,700 at the time…
Read more
Key takeaways Bitcoin candlesticks are a popular tool among Bitcoin traders because they’re simple to use and offer an intuitive way to understand market sentiment and trends. Bitcoin candlesticks are a rather old tool. Rice trader Honma Munehisa invented them in Japan as far back as the 18th century. They were introduced to Western financial…
Read more
Pakistan Prime Minister Shehbaz Sharif appointed Pakistan Crypto Council CEO Bilal Bin Saqib as his special assistant on blockchain and crypto. Saqib’s appointment takes effect immediately under Rule 4(6) of the Rules of Business, 1973. He has been granted the status of minister of state and will serve without salary or official benefits, according to…
Read more
Key takeaways: Solana’s $9.4 billion TVL is a 54% increase since April 7. Solana’s memecoin daily trading volume has more than doubled since early April. A bullish V-shaped recovery pattern projects SOL price to rise toward $300. Solana’s native token, SOL, surged 86% between April 7 and May 26, following a broader altcoin market rally that also…
Read more
Michael Saylor’s Strategy, one of the world’s largest corporate Bitcoin investors, bagged a fresh stash of BTC as the price briefly surged above $110,000 last week. Strategy acquired 4,020 Bitcoin (BTC) for $427.1 million between May 19 and 23, the company announced on May 26. The latest purchases were made at an average price of…
Read more
Key points: Bitcoin’s (BTC) price climbed back above $109,000 during the late trading hours on May 25, as traders responded to President Donald Trump’s decision to delay the implementation of tariffs on EU goods until July 9. Data from Cointelegraph Markets Pro and TradingView revealed that BTC rose by as much as 3.2% to an…
Read more
Some prominent financial commentators and investment analysts are predicting a long-term Bitcoin rally that may send the asset’s price above $1 million before the end of the decade, driven by rising inflation and mounting global debt. ARK Invest CEO Cathie Wood said Bitcoin (BTC) could reach $1.5 million by 2030 in her firm’s “Bull Case”…
Read more
Bitcoin (BTC) bounces back to eye fresh all-time highs as a testing macro week unfolds for risk-asset traders. BTC price action dipped below $107,000 before rebounding into the weekly close, and some are eagerly anticipating new record highs. US inflation data meets bond market woes this week as the Federal Reserve shows no signs of…
Read more
Cryptocurrency investment products saw a sharp increase in inflows last week, driving the year-to-date total above $10 billion, according to data from European crypto investment manager CoinShares. Global crypto exchange-traded products (ETPs) recorded $3.3 billion of inflows during the week ending May 24, bringing total inflows year-to-date to a new record of $10.8 billion, CoinShares…
Read more
Cryptocurrency investment products saw a sharp increase in inflows last week, driving the year-to-date (YTD) total above $10 billion, according to data from European crypto investment manager CoinShares. Global crypto exchange-traded products (ETPs) recorded $3.3 billion of inflows during the week ending May 24, bringing total inflows YTD to a record $10.8 billion, CoinShares reported…
Read more