Boris Schlossberg of BK Asset Management, a known Bitcoin bear, said that the current pullback could go above $8,000.
As has been the case for the past few weeks, it is hard to resist writing about the institutional investors.
So, with all this institutional money flowing in, has the crypto market bottomed out or is this a dead cat bounce?
BTC/USD Bitcoin completed an inverse head and shoulders pattern on July 17 with a break above the neckline at $6,953.38.
However, the BTC/USD pair has a strong resistance at $7,750, which acted as a major hurdle in early June.
At around 2PM London time ethereum jumped from just under $450 to a recent high of nearly $480 before somewhat settling at the time of writing to $470. It looks...
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Morgan Stanley has taken another step into the fast-moving crypto investment market by filing paperwork to launch two spot exchange-traded funds tied to digital assets. Today, on January 6, the Wall Street bank submitted an S-1 registration to the US Securities and Exchange Commission for a Bitcoin ETF and, separately, for a Solana ETF. The […]
Bitcoin miner Bitfarms is preparing to leave Latin America after agreeing to sell its remaining site in Paraguay, marking a decisive shift in its geographic and operational priorities. The move reflects a broader reassessment of where mining companies deploy capital as they balance volatile crypto prices with rising energy and infrastructure demands. By monetising assets […]
Blockchain security firm CertiK has flagged a suspicious on-chain incident involving the loss of nearly $2. 3 million in digital assets, after detecting unusual wallet activity through its monitoring systems.
Hong Kong is reviewing how its insurance sector allocates capital, as regulators look to balance financial stability with the city’s push into digital finance and large-scale infrastructure. New proposals from the insurance watchdog suggest a shift in allowing insurers to invest in cryptocurrencies, stablecoins, and government-prioritised projects, reports Bloomberg. While still at an early stage, […]
The fight over the next chair of the Federal Reserve has drifted out of the financial pages and into everyday conversation. And in recent days, one man’s name keeps surfacing. Kevin Hassett. Kevin used to be a background character in US politics, and now he is being discussed as the person who could control the […]
Recent research from the Anthropic Fellows program is drawing attention to a shift in how decentralised finance systems may be targeted in the future. The findings show that frontier AI agents are no longer limited to spotting basic coding issues.