Bitcoin, Altcoin Relief Rally Aim To Restore Pre-crash Range Highs
Key points: Bitcoin is attempting a comeback, which is expected to face stiff resistance at the breakdown level of $74,508. Several major altcoins are attempting a recovery, signaling that lower levels are attracting buyers. Bitcoin (BTC) has risen above $68,500, as buyers attempt to form a higher low near $65,000. According to Glassnode, BTC is…
Is Bitcoin Trading Like a Tech Stock?
Bitcoin (BTC) was once pitched as digital gold — a hedge against monetary instability and market turmoil. But recent price action tells a different story. As institutional participation has grown, particularly through exchange-traded funds and other traditional vehicles, Bitcoin has increasingly traded in lockstep with risk assets. The latest downturn in software stocks, fueled by…
Are Quantum-Proof Bitcoin Wallets Insurance or a Fear Tax?
Cryptocurrency wallet makers and security companies are pushing out post-quantum products even though large-scale quantum computers capable of breaking Bitcoin do not exist yet. The US National Institute of Standards and Technology (NIST) finalized its first post-quantum cryptography standards in 2024 and called for migrations before 2030. As standards bodies plan for a gradual cryptographic…
ETHZilla Shifts Strategy With Tokenized Jet Engine Offering
Crypto treasury company ETHZilla has launched a token offering access to equity in jet engines that the company acquired last month as part of its pivot into tokenized assets. ETHZilla said on Thursday that the token, called Eurus Aero Token I, was being launched through its new subsidiary, ETHZilla Aerospace, and is backed by two…
ETH ETF Flows, Onchain Volume Signal Recovery To $2.4K
Key takeaways: Ether exchange-traded funds saw $71 million in inflows, signaling strong institutional appetite. Weekly decentralized exchange volume doubled to $20 billion, narrowing the revenue gap with Solana. Ether (ETH) price failed to sustain levels above $2,000 on Thursday, leaving traders to weigh the potential catalysts for a market turnaround. While optimism has waned since…
Spot ETH ETFs Losses Outpace Bitcoin As Monthly Netflows Remain Negative
Bitcoin (BTC) and Ethereum’s native token, Ether (ETH) continue to seach for price stability after trading at respective intraday lows of $66,171 and $1,912 on Thursday. As this process runs its course, new analysis from Bloomberg analysts investigates how the spot BTC and ETF holders are faring amid sustained price weakness and slowing exchange-traded funds…
Bitcoin Promotion Error Sparks Regulatory Reckoning in South Korea
Key takeaways A simple data-entry error allowed 620,000 nonexistent BTC to appear in user accounts for 20 minutes because trades update a private database first, with onchain settlement happening later. Around 1,788 BTC worth of trades were executed before the exchange locked everything down. What could have been dismissed as a harmless error turned into…
Ethereum Set For V-Shaped Recovery, Fundstrat’s Lee Says
Fundstrat head of research Tom Lee said he expects Ether to rebound quickly following recent declines, arguing the asset has experienced eight such recoveries since 2018. “A lot of people are frustrated, but keep in mind that Ethereum, since 2018, has fallen more than 50% eight times,” said Lee at a conference in Hong Kong…
Bitcoin, Altcoins Consolidate In Search Of New Price Floor
Key points: Bitcoin spot selling keeps a $60,000 retest open as a short-term outcome. Several major altcoins risk resuming the downtrend, indicating a negative investor outlook. Bitcoin (BTC) has again come under pressure, dropping below the $66,000 level during the early hours of the US trading session. According to Kaiko Research, a 52% retracement from…
Danske Bank Opens Bitcoin and Ether ETPs to Clients
Danske Bank, the largest bank in Denmark and a major retail bank in Northern Europe with over five million customers, is allowing clients to buy Bitcoin and Ether exchange-traded products (ETPs) from BlackRock and WisdomTree via its eBanking and Mobile Banking platforms for the first time. The new offering, announced Wednesday, is open to self-directed…
