Bitcoin

Hong Kong’s Bitcoin ETFs opening to mainland investors could significantly enhance capital inflow. The integration into Stock Connect could mark a significant turning point in regional investment strategies. Recent developments indicate that Bitcoin ETFs in Hong Kong could soon be available to mainland Chinese investors, presenting a pivotal shift towards more diversified investment portfolios. A Bloomberg report from early March emphasized the potential for these new spot-Bitcoin and Ether ETFs to attract significant capital from Chinese investors. Rumors and Realities…

The post Here’s How the U.S. Government’s Bitcoin Holdings Reached $13.82 Billion appeared first on Coinpedia Fintech News The US government has a lot of bitcoin, and whether it keeps or sells it could significantly affect the price of Bitcoin. Public records reveal that Washington has confiscated more than 200,000 tokens from cybercriminals since 2020. For the last 10 years, the US government has been confiscating and offloading Bitcoin instead of simply holding onto it. Will they change the pattern…

The post Hong Kong’s New Spot Bitcoin and Ethereum ETFs: 1st Week Analysis appeared first on Coinpedia Fintech News Last week, three Hong Kong issuers, China Asset Management, Bosera Asset Management, and Harvest Global Investments, launched their products in the Hong Kong market. The development reflects the city-state’s interest to participate in the global crypto ETF race. The crypto ETF market is presently dominated by the West, primarily the United States. As the East, especially China, steps into this race,…

The post Top Reasons Why Bitcoin Price Reaching $150K Might Be a Long Road Ahead appeared first on Coinpedia Fintech News Mike McGlone provided several reasons why it might take time for Bitcoin to hit $150,000. Firstly, he noted Bitcoin’s underperformance compared to the S&P 500 and NASDAQ over the past few years, suggesting a need for improvement. Additionally, McGlone emphasized the importance of Bitcoin performing well against traditional markets and highlighted the potential launch of Ethereum ETFs.  He also…

The post Is The Bitcoin ETF Rally Over? Here Are The Top Reasons Behind Recent Market Slowdown appeared first on Coinpedia Fintech News The crypto market’s recent rally, driven largely by the surge of inflows into cryptocurrency exchange-traded funds (ETFs), seems to be losing momentum. As per the Kaiko Report, here’s what could be causing this shift and what it might mean for investors. The ETF Rally Stalls ETF inflows have been a significant driver of the crypto market’s recent rally,…

Bitcoin price extended its increase above the $64,000 resistance. BTC is now holding gains above $62,800 and might aim for more upsides. Bitcoin traded to a new weekly high at $65,500 before there was a downside correction. The price is trading above $63,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $63,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could aim for more…

An analyst has explained how Bitcoin seems to be showing a good setup to reach escape velocity based on the trend in this indicator. Bitcoin VWAP Oscillator Has Been Showing A Bullish Divergence As explained by analyst Willy Woo in a new post on X, a bullish divergence has appeared to be forming in the Volume-Weighted Average Price (VWAP) oscillator of the cryptocurrency. The VWAP is an indicator that calculates an average price for any given asset, taking into account…

One of America’s largest crypto mining companies, Hut 8, has reported a sharp drop in proprietary production for April, according to a company announcement on May 6. The firm reported a 36% drop in BTC mined in April compared to March. However, this was primarily due to the relocation of over 25,000 mining machines from sites in Nebraska and Texas, which were acquired by Marathon Digital Holdings. Hut 8 produced 148 BTC in April compared to 231 BTC in March,…

Tether has partnered with Chainalysis to monitor transactions of the market-leading USDT stablecoin on secondary markets as regulators pile pressure on stablecoin issuers. Chainalysis is expected to sound the alarm on any transfers to sanctioned entities, terrorist organizations, hacker groups or any other illicit activities. While criminal activities in the crypto world represent only a tiny fraction of overall activity, stakeholders are still investing billions to stamp it out at a time when global regulators are ramping up their crypto…