In a bold move, Futu Securities International, the largest online broker in Hong Kong, has ventured into the world of retail cryptocurrency trading. This development aims to attract investors by offering them the opportunity to trade bitcoin and ether on the brokerage platform with Hong Kong or US Dollars. Futu has partnered with HashKey Exchange,
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The recent drop in XRP price from $0.66 to around $0.56 has left investors and analysts wondering about the future trajectory of the cryptocurrency. This 7% decrease on a daily scale, and 14% since its local top, has raised concerns about a possible further downtrend. The bearish pattern that has emerged is indicating a potential
Coinbase, a prominent cryptocurrency exchange, recently came under fire for alleged breaches of campaign finance laws. A crypto researcher raised concerns regarding the company’s $25 million donation to Fairshake, a crypto Super Political Action Committee (PAC), suggesting that this donation may have violated campaign finance regulations. The timing of this donation, coinciding with negotiations for
As the world stock markets experience turmoil, the cryptocurrency market has not been spared from the volatility. Ethereum, one of the leading cryptocurrencies, faced a 3% loss this week. The price of Ethereum plummeted below the $3,300 mark, with buyers struggling to reclaim this significant support level. Currently, the support has shifted to $2,800, and
The recent Bitcoin2024 conference led by Bitwise CIO Matt Hougan has sparked a significant shift in market sentiment towards Bitcoin. Hougan believes that investors are currently “not bullish enough” about the potential upside of the flagship cryptocurrency. This change in outlook comes in light of various announcements made at the conference, showcasing support for Bitcoin
The recent data on Ethereum ETFs in the US paints a mixed picture, with net outflows totaling $77.21 million for the nine spot ETFs. The Grayscale Ethereum Trust (ETHE) experienced a significant outflow of $133.33 million on July 31st, further highlighting the ongoing trend of investors pulling their funds out of this particular ETF. Since
The recent revised predictions for Ethereum have set the crypto community abuzz, with market experts touting incredibly bullish outlooks. One such expert, Ethereum maximalist Adriano Feria, boldly claimed on social media that Ethereum could potentially skyrocket to a staggering $100,000. This optimistic forecast was in response to another Ethereum developer, Eric Conner, who initially predicted
Hedge fund manager James Lavish has made a bold prediction regarding the future price of Bitcoin. He believes that the flagship cryptocurrency could potentially reach $428,000 at some point. Lavish explained that in order for Bitcoin to reach this ambitious price target, it would need to become 1% of the $900 trillion investment assets worldwide.
Recently, XRP witnessed a significant surge in its price, climbing to $0.66 from $0.60 in just 24 hours. This price level was last seen in the third week of March, sparking renewed investor optimism in the market. One notable trend in the XRP ecosystem is the rise in the number of wallets holding at least
The Elliot Wave theory has gained significant popularity among Bitcoin analysts due to its effectiveness in forecasting the future price movements of the cryptocurrency. In a recent analysis by pseudonymous crypto analyst XForceGlobal, the analyst utilized the 5-wave Elliot Wave theory to predict the potential trajectory of the Bitcoin price. According to XForceGlobal’s analysis posted