May 15, 2024

Bitcoin Resilient in the Face of Economic Uncertainty as Ascent Resumes

Bitcoin has once again showcased its resilience amidst economic uncertainty, as the U.S. Consumer Price Index (CPI) reported a softer-than-expected increase of 0.3% in April, compared to March’s 0.4% rise and economists’ forecasts. Despite this modest uptick, the annual inflation rate r...

#BITCOIN #CPI #CRYPTOCURRENCY #NEWS

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May 14, 2024

Crypto Inflows: Market Sees Fresh Inflows Amidst Subdued ETP Activity

The crypto market has seen a notable change as CoinShares reports inflows for the first time in five weeks, amounting to $130 million. This shift comes as Exchange-Traded Product (ETP) volumes decline, with just $8 billion recorded for the week, less than half of April’s $17 billion average. ...

#BITCOIN #Crypto Inflows #CRYPTOCURRENCY #NEWS

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May 10, 2024

Bitcoin Open Interest Points to Potential Record Highs

As traders head into the weekend, Bitcoin open interest is garnering significant attention, particularly its concentration at a strike price of $75,000 for the end-of-June expiry. This focus is more than just a number; it signifies a strong sense of optimism, indicating a potential for Bitcoin to r...

#Bitcoin Open Interest #CRYPTOCURRENCY #NEWS #Options

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May 09, 2024

Crypto Trading Volume Declines Amidst Market Uncertainty

The crypto market has experienced an unexpected decline in trading volume, marking the first drop in seven months. April’s trading volume fell by 43.8% to $6.58 trillion, down from the record-breaking $9.12 trillion seen in March. This decline is attributed to several factors, including geopo...

#Binance #CCData #Crypto Trading Volume #CRYPTOCURRENCY #NEWS

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May 08, 2024

FTX Announces Reorganization Plan to Settle Debts and Reimburse Creditors

Beleaguered crypto exchange FTX has unveiled a bold reorganization plan aimed at resolving its financial crisis. The plan, detailed in a report by Bloomberg, aims to raise between $14.5 billion and $16.3 billion to settle debts owed to creditors and customers. This move represents a significant ste...

#CRYPTOCURRENCY #FTX #NEWS

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May 07, 2024

Crypto Outflows Shake the Market Amidst Shifting Landscape

The cryptocurrency market has been rocked by significant crypto outflows in recent weeks, signaling a shift in investor sentiment. According to a report by CoinShares, investment products tied to digital assets saw a fourth consecutive week of outflows, totaling a substantial $251 million. One of t...

#Bitcoin ETFs #CoinShares #Crypto Outflows #CRYPTOCURRENCY #NEWS

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May 03, 2024

Bitcoin Records Resurgence Following U.S. Economic Data Release

Bitcoin has demonstrated its resilience once again, with its price surpassing the $62,000 mark, signaling a bullish trend that has captured the attention of investors and analysts worldwide. This surge follows a recent dip in price that saw Bitcoin hit a two-month low of $56,500. The surge in Bitco...

#BITCOIN #CRYPTOCURRENCY #NEWS #US data

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May 02, 2024

Uniswap Forges Partnership with Robinhood, Redefining Crypto Accessibility

Uniswap, a pioneering decentralized exchange (DEX) in the crypto realm, has shaken the industry with its recent collaboration with Robinhood, a prominent trading platform.  This alliance introduces Robinhood’s “Connect” feature to Uniswap’s mobile application, enabling users to seamless...

#CRYPTOCURRENCY #NEWS #Robinhood #Uniswap

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May 01, 2024

Changpeng Zhao Sentenced in High-Profile Crypto Case

In a landmark case for the cryptocurrency industry, Changpeng Zhao, famously known as “CZ,” the former CEO of Binance, has been sentenced to four months in prison for confessing to money laundering charges. This verdict marks a significant moment, given Zhao’s previous status as a leading fig...

#Binance #Changpeng Zhao #CRYPTOCURRENCY #NEWS #Regulation

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