Bitcoin’s (BTC) price dropped to a new yearly low of $78,258 on Feb. 27, leading some analysts to suggest that the cryptocurrency is now in an optimal purchasing zone. Bitcoin 1-day chart. Source: Cointelegraph/TradingView Bitcoin’s 60-day RCV hints at low-risk accumulation Crazzyblock, a Bitcoin trader and verified analyst on CryptoQuant said that Bitcoin’s 60-day RCV…
Read more
Bitcoin (BTC) recrossed $82,000 into the Feb. 28 Wall Street open as analysis pointed to a March BTC price comeback. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price pushes past $82,000 on PCE relief Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing more than 5% from its latest multimonth lows of $78,197 on Bitstamp.…
Read more
The crypto industry has had a memorable month in February, with major policy changes on the horizon and growing Bitcoin adoption globally. A new report this month shows that the Bitcoin network is decentralizing apace. Public companies now account for 35% of global hashrate, and China’s dominance in hashrate has decreased to 14%. In the…
Read more
Upbit’s parent company, Dunamu, has reportedly filed a lawsuit against South Korea’s Financial Intelligence Unit (FIU) — a division under the country’s top market regulator, the Financial Services Unit (FSC) — challenging its imposed sanctions. Dunamu told the state-funded Yonhap News Agency on Feb. 28 that it had submitted a lawsuit to the Seoul Administrative…
Read more
Real-world asset (RWA) tokenization is gaining momentum in the United Arab Emirates (UAE) as industry players position themselves to meet increasing demand for blockchain-based asset trading. RWA tokenization involves minting financial and other tangible assets into blockchain-based tokens, increasing accessibility and liquidity for traditionally illiquid assets. On Feb. 3, onchain RWAs rose to a cumulative…
Read more
The current Bitcoin (BTC) correction could last until March or April before attempting to rally toward previous highs, according to Matrixport analysis. Bitcoin fell below $80,000 on Feb. 27 for the first time in a week amid a broader market sell-off driven by escalating global trade tensions. Three major US stock market indexes also suffered…
Read more
The digital asset arm of a major German stock exchange, Boerse Stuttgart, is assisting the local investment bank DekaBank in providing cryptocurrency trading services to its institutional clients. Boerse Stuttgart Digital will provide its regulated infrastructure to enable DekaBank to start its crypto offering, which is exclusively aimed at institutional clients, the firm said in…
Read more
Bitcoin risks more downside if it loses a “key” $75,000 support amid growing concerns over a potential trade war between the United States and China. Bitcoin’s (BTC) price has fallen more than 6.5% during the past 24 hours to sink below a low of $78,197, which was last seen on Nov. 10, 2024, Cointelegraph Markets…
Read more
Bitcoin risks more downside if it loses a “key” $75,000 support amid growing concerns over a potential trade war between the United States and China. Bitcoin’s (BTC) price has fallen more than 6.5% during the past 24 hours to sink below a low of $78,197, which was last seen on Nov. 10, 2024, Cointelegraph Markets…
Read more
Hong Kong’s Cyberport, a government-backed business hub focused on Web3, blockchain and artificial intelligence, is ramping up its investment in emerging technologies to position the city as a global tech leader. On Feb. 27, Cyberport hosted the “AI Safety, Trust, and Responsibility” forum with international AI academic institutions to discuss AI governance, safety and responsible…
Read more