Cryptocurrency exchange and trading platform Bybit recently released a report discussing the implications of the upcoming Bitcoin halving event on the supply dynamics of Bitcoin within exchanges in the crypto space. This report provides valuable insights into how the halving event could increase scarcity and significantly influence the price of BTC. Bybit disclosed that the
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Hong Kong regulators have recently approved spot Bitcoin and Ethereum exchange-traded fund applications, signaling a significant milestone for the city’s push to become a central hub for digital assets. The Securities and Futures Commission (SFC) granted in-principle approval for these ETF products from several companies, including China Asset Management and Harvest Global Investments. While this
A popular crypto analyst, Willy Woo, recently made a bold prediction about Bitcoin’s future price, foreseeing a surge to $650,000 fueled by the growth and demand of Spot Bitcoin ETFs. This prediction comes amidst the increasing popularity of cryptocurrency investments and the rise of ETF markets. According to Woo, Spot Bitcoin ETFs could drive the
A recent analysis conducted by Bybit, a prominent crypto exchange, has raised concerns about a potential shortage of Bitcoin on exchanges by the end of 2024. The report highlights that if the current demand for Bitcoin continues at its current pace, reserves could be completely exhausted within the next nine months, with an approximate withdrawal
In the midst of the recent turbulence in the cryptocurrency market, Ethereum has experienced significant price fluctuations, dropping to lows of $2,800 on April 12. However, amidst this volatility, a fascinating development has emerged: Ethereum whales have begun to showcase strategic maneuvers that have captured the attention of the crypto community. These whales, known for
As we approach the fourth Bitcoin Halving, it is essential to consider the insights provided by market analysts and traders. One such analyst, known as Lady of Crypto, has recently shared her thoughts on the current state of the market. After a thorough analysis of the market decline and the impending Bitcoin halving scheduled for
Bitcoin (BTC) experienced a significant price drop over the weekend, plunging to $60,850 before partially recovering to around $64,500. This sudden price movement has caused a stir within the crypto community, leading many to speculate on the future direction of Bitcoin. Veteran trader Peter Brandt, renowned for his keen eye on market patterns, has weighed
Bitcoin, the popular cryptocurrency, has the potential to reach staggering price levels with the full implementation of exchange-traded funds (ETFs). According to Bitcoin analyst Willy Woo, the digital asset could see price targets of $91,000 at the bottom of the bear market and $650,000 at the top of the bull cycle if investors follow the
Bitrace, a prominent data analysis company, has recently taken steps to address the increasing number of cryptocurrency-related crimes in Hong Kong. As part of their Corporate Social Responsibility efforts, Bitrace conducted training sessions on on-chain fund tracking for members of the Hong Kong Police Force. This initiative aims to enhance law enforcement’s understanding of blockchain
Bitcoin, the flagship cryptocurrency, has once again piqued the interest of investors due to recent market movements. Analysts and enthusiasts are engaged in discussions about the possibility of a significant retracement in Bitcoin’s price. Renowned crypto analyst Rekt Capital has delved into the current state of the Bitcoin market, drawing comparisons with past cycles to