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...
The post Ethereum, Bitcoin Spike as Coinbase Opens to Institutional Investors appeared first on Trustnodes.
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.
It’s always a bad sign when Japan makes headlines. That’s because the country used to sit quietly in the background for the majority of this century. Rates were near zero, the central bank bought almost everything in sight, and investors treated the yen as a bottomless funding source.
Asset tokenisation is beginning to change how Filipinos engage with financial products, with new research showing how the country’s digital habits are accelerating this shift. The white paper for Project Bayani: The Philippines’ Asset Tokenization Opportunity was published today by the Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital. It outlines how tokenised […]
Alibaba is preparing to transform international business payments with a tokenised money system that could speed up B2B trade around the world. Partnering with JPMorgan, as reported by CNBC, the company will roll out a blockchain-based settlement network by December, aiming to eliminate payment delays and high transaction costs.