Qatar is making strides toward establishing a regulatory framework for digital assets, signaling a shift from its previous hardline stance against cryptocurrencies. The wealthy Gulf state banned Bitcoin trading in 2018, but recent developments suggest it’s cautiously reconsidering its approach. Last year, Qatari financial regulators proposed a framework to regulate investment tokens backed by tangible assets. The Qatar Financial Centre…
On July 29, 2024, bitcoin continues its bullish trend, demonstrating significant strength across multiple time frames. As of today, bitcoin is trading at $69,456 with a 24-hour price range between $67,618 and $69,842. Key technical indicators suggest that bitcoin’s upward momentum is likely to persist. Bitcoin Bitcoin’s 1-hour chart indicates a steady uptrend with prices […] Source: https://news.bitcoin.com/bitcoin-technical-analysis-btc-surges-past-69k-faces-key-resistance-near-70k/
Crypto exchange Bitget and Nansen Research collaborated to help exchanges evaluate potential of a cryptocurrency depending on the token cycle. Source: https://cointelegraph.com/news/crypto-exchange-listing-tokens-help?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The beginning of the “macro summer” rally could help Bitcoin price reach a new all-time high and rally well into 2025, according to Raoul Pal. Source: https://cointelegraph.com/news/bitcoin-gold-price-breakout-macroeconomic-improvement?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ronin blockchain surpasses every other blockchain in daily active users, recording a two million DAU count on July 29. Source: https://cointelegraph.com/news/ronin-blockchain-2m-daily-active-users?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cantor Fitzgerald, a billionaire asset management fund, recently announced its plans to provide leveraging services for Bitcoin investors. This venture will operate as a separate entity, commencing its operations with a capital of $2 billion. The capital will be replenished in tranches of $2 billion to cater to the needs of Bitcoin holders. This information […] Source: https://news.bitcoin.com/cantor-fitzgerald-announces-new-venture-to-provide-leverage-to-bitcoin-investors/
A member of Hong Kong’s Legislative Council has called on the territory to “research and consider” including Bitcoin in strategic financial reserves. In a tweet Sunday, Johnny Ng said that “as long as it is compliant,” it was “worth considering” including Bitcoin in a strategic financial reserve. “The global acceptance of Bitcoin is constantly increasing, and Bitcoin is seen by…
Despite historical trends suggesting flat or negative returns for Bitcoin in August and September, experts are eyeing several factors that could trigger a significant price breakout. Key among these are potential shifts in the U.S. like interest rate policy, lower inflation, and the upcoming election season, according to a new report from 10X Research. Bitcoin (BTC) approached the $70,000 level…
CoinShares reports that Spot-based Ether ETFs debut with a significant $2.2B inflow, offset by Grayscale’s $285M net outflows. Source: https://cointelegraph.com/news/ethereum-etf-launch-drives-2-2b-inflows?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Open interest is often used to gauge the interest and liquidity behind an asset. In Bitcoin’s case, the surge in open interest could signal an imminent breakout. Source: https://cointelegraph.com/news/bitcoin-open-interest-394b-breakout-imminent?utm_source=rss_feed&utm_medium=rss%3F&utm_campaign=rss_partner_inbound
