Crypto Products Face $726M Outflows Amid Rate Cut Speculation Recent data indicates that cryptocurrency investment products have encountered significant challenges, experiencing outflows that totaled $726 million last week. This decline mirrors historical trends, with the latest figures reaching levels similar to the highest outflows recorded since March 2024. The head of research at a leading […]
Nigeria’s SEC Plans Action Against Unregulated Cryptocurrency Exchanges Nigeria’s Securities and Exchange Commission (SEC) is set to implement regulations targeting unregulated cryptocurrency operations. This initiative aims to safeguard investors while fostering innovation in the rapidly evolving market. The Director-General of Nigeria’s SEC, Emomotimi Agama, revealed plans to take enforcement actions against individuals and businesses engaged […]
Bitcoin ETFs Experience $1.2 Billion in Outflows Over Eight Days In a significant market development, 12 spot Bitcoin exchange-traded funds (ETFs) in the United States reported a combined net outflow totaling $1.2 billion within just eight days. According to data from Bloomberg on September 9, approximately $1.2 billion was withdrawn from these Bitcoin ETFs from […]
Bitcoin ETFs Require Time for Adoption, Says Bianco Research CEO According to Jim Bianco, the CEO of Bianco Research, the upcoming Bitcoin halving in 2028 and the advancement of on-chain tools are crucial for the wider adoption of Bitcoin exchange-traded funds (ETFs). Bitcoin ETFs that were introduced in the United States earlier this year are […]
Potential Bitcoin Recovery May Influence UNI, SUI, OP, and HNT Bitcoin has recently dipped below the $55,724 support level, yet there are signs that selling pressure may be easing. This shift could open up opportunities for a relief rally among various cryptocurrencies including UNI, SUI, OP, and HNT. Market Overview On September 6, Bitcoin (BTC) […]
Tether Allocates $100 Million to Agricultural Investment as Stablecoin Rivalry Intensifies Tether has made significant strides into the agricultural sector with a $100 million investment aimed at acquiring a 9.8% stake in Adecoagro, a prominent agricultural enterprise in Latin America. This marks Tether’s inaugural venture into the agriculture and food industries, following previous investments in […]
Arthur Hayes Anticipates Bitcoin Upsurge After Closing Short Position According to market insights, Bitcoin may initiate a rally next week, potentially fueled by liquidity infusions in the global economy. Arthur Hayes, the former CEO of BitMEX, recently ended his short position on Bitcoin amidst initial worries of a significant price correction over the weekend. On […]
Weekly Crypto Highlights Top Five Stories of the Week Market Sentiment Drops as Bitcoin Approaches Critical Levels The cryptocurrency market has plunged into a state of “extreme fear,” with Bitcoin briefly dipping below $56,000. Predictions suggest it could fall further to under $50,000 over the weekend, marking a concerning decline. The Crypto Fear & Greed […]
Potential Bitcoin Correction Below $50,000 as Whales Capitalize on Profits Bitcoin is facing potential downward pressure as the upcoming U.S. interest rate cut approaches. The question remains: will it dip below the $50,000 threshold this weekend? As we move into September, a historically bearish month, there is increasing speculation about a possible drop of Bitcoin […]
Bitcoin Price Predictions Driven by Fear, Says Samson Mow Samson Mow, CEO of Jan3, has emphasized that markets influenced by fear tend to be temporary, as fundamental factors eventually prevail. According to Mow, predictions suggesting that Bitcoin (BTC) might revisit the $40,000 mark are largely influenced by fear rather than solid technical indicators. Mow’s Optimistic […]
