
Mt Gox Bitcoin Crash Risk Now at 75%: Market Rally Expected Soon
Aug 24, 2024 14:40 pm UTC| Digital Currency Technology Business
The risk of a Bitcoin crash caused by Mt Gox repayments has decreased to 75%, according to Arkham Intelligence, offering renewed hope for a market rally. Mt Gox BTC Holdings Drop Below 25% On Saturday, the on-chain...

Hong Kong Bitcoin ETFs Cross $250M AUM Mark as Market Confidence Grows
Aug 24, 2024 13:49 pm UTC| Digital Currency Technology Business
The assets under management for Hong Kongs Bitcoin ETFs have exceeded $250 million, signaling a growing market confidence despite slower initial performance compared to U.S. ETFs. Hong Kong Bitcoin ETFs Reach $250M...

Bitcoin, Altcoins Surge: Crypto Market Gains Momentum After FED Rate Cut Tease
Aug 24, 2024 07:47 am UTC| Digital Currency Technology Business
Bitcoin and altcoins saw significant gains on Friday, propelling the cryptocurrency markets value up by $110 billion. The surge followed a FED announcement hinting at a potential rate cut, spurring investor...

Bitcoin Reclaims $63K as Coinbase Premium Index Hits 39-Day High on Fed Rate Hints
Aug 24, 2024 05:21 am UTC| Digital Currency Technology Business
Bitcoin regained its $63,000 threshold as the Coinbase Premium Index soared to a 39-day high, driven by speculation over the Federal Reserves interest rate policy. Bitcoin Tops $63K as Coinbase Premium Index...

Sony’s Soneium Ethereum L2 Launch Triggers Major Market Rally For These Cryptos
Aug 23, 2024 08:40 am UTC| Digital Currency Technology Business
Sony Group, in collaboration with Startale, has unveiled Soneium, a public Ethereum Layer 2 blockchain based on Optimism, with the goal of empowering the Web3 community. Sony Group and Startale Unveil Soneium Ethereum...

Tron Slashes 4,000 Bitcoin from USDD Reserves, Justin Sun Addresses the Strategy Behind It
Aug 23, 2024 08:16 am UTC| Digital Currency Technology Business
The Tron DAO Reserve has slashed its USDD stablecoin Bitcoin reserves by 42%, transferring 4,000 BTC to HTX. Justin Sun has elaborated on the rationale, linking it to foundational DeFi mechanisms. USDD Bitcoin Reserves...

Can Bitcoin Overcome $62K Resistance to Prevent a Repeat of 'Black Monday’s' $50K Plunge?
Aug 23, 2024 07:28 am UTC| Digital Currency Technology Business
Bitcoins current resistance at $62,000 is a critical threshold to avoid another steep decline below $50,000, potentially mirroring last Augusts Black Monday. Bitcoin Must Reach $62K to Avoid Retesting $49K According...