The Coinbase premium has recently turned positive, sparking speculation about a potential resurgence of institutional interest in Bitcoin. This shift comes after a period of concern following a dip in mid-May, raising questions about the future trajectory of the cryptocurrency market. The Coinbase premium is a key indicator of institutional sentiment in the cryptocurrency market.
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The recent positive inflows into the largest spot Bitcoin ETFs in the US have been overshadowed by a sharp retracement in the price of the underlying asset. Despite reaching close to $67,000 again, Bitcoin faced significant volatility over the past week. After failing to maintain above $65,000, the primary cryptocurrency slipped to $63,000 before bouncing
On July 23, Hong Kong made history by launching Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK). This innovative exchange-traded fund (ETF) introduced by China Southern Asset Management Co., Ltd (CSOP) offers investors the opportunity to profit from declines in Bitcoin’s price. With an initial price of approximately
Recent data has shown a significant increase in investment in digital asset products, with inflows reaching $1.35 billion last week and totaling $3.2 billion over the past three weeks. This surge in investment has been accompanied by a rise in trading volumes for Exchange Traded Products (ETPs), which saw a 45% increase week-over-week to $12.9
When Ethereum launched its initial coin offering (ICO) back on July 22, 2014, the cryptocurrency landscape looked very different. Offering 2,000 ETH per sale unit per BTC in a fully permissionless environment, Ethereum set the stage for what would become a revolutionary blockchain platform. The absence of venture capital influence or vesting periods emphasized Ethereum’s
Ripple’s XRP has been making headlines recently with a staggering 40% surge in its price over the past two weeks. Despite some momentary dips below $0.55, the digital asset is currently trading above $0.60, sparking excitement among investors. Industry analysts are now predicting even more significant gains in the coming weeks, with some speculating that
The recent announcement by Joe Biden regarding his withdrawal from the 2024 presidential race created a ripple effect in the world of cryptocurrency, specifically in the realm of presidential meme coins. Following the news, there was a significant amount of volatility observed in the market, with tokens linked to Biden and his family experiencing drastic
The cryptocurrency market has once again experienced significant volatility following President Joe Biden’s decision to quit the 2024 presidential race. Bitcoin, the leading cryptocurrency, surged to a multi-week peak of over $68,000 in response to the news. The altcoins also experienced turbulence, with AVAX emerging as the top performer on a daily scale. Bitcoin has
The recent partnership between Kraken, a leading crypto exchange, and Tottenham Hotspur, one of England’s most iconic football clubs, has turned heads in both the sports and crypto industries. By becoming the official sleeve partner for Tottenham Hotspur’s men’s and women’s teams for the upcoming football season, Kraken has solidified its position as a major
Crypto investment firm Mechanism Capital recently stated that Bitcoin could potentially reach a price level above $1 million in the mid-term. This bold prediction is based on a series of hyper-bullish developments surrounding the asset. Despite facing poor market structure dynamics earlier this month, Bitcoin has been performing stronger than expected. One of the leading
