The global crypto market has been witnessing bearish sentiment over the past week after the leading cryptocurrency reached a new all-time high (ATH). According to data provided by CoinGecko, the total crypto market cap has declined by over $450 billion since March 13 and is currently sitting at $2.44 trillion. The fall comes after Bitcoin (BTC) touched a new ATH of...
Bitcoin (BTC) and cryptocurrency analyst Ali-Charts identified three critical prices that serve as support levels for the largest digital asset in the world. According to the on-chain observer citing Glassnode data, $61,100, $56,685, and $51,530 should cushion against further Bitcoin dips. Conversely, $66,990 and $72,88 have emerged as the following resistance levels to break after BTC set a...
Crypto exchange BitMEX is looking into unusual Bitcoin trading patterns on its platform that could involve unfair practices. The internal investigation follows a recent rapid drop in Bitcoin’s value on the platform. On Monday, Bitcoin’s valuation against the USDT stablecoin plummeted to $8,900 on BitMEX, while BTC maintained a value above $66,000 on other trading platforms. Bitcoin’s price on BitMEX...
Michael Saylor’s MicroStrategy bought an additional 9,245 Bitcoins throughout this week for $623 million. The latest purchase brings their total Bitcoin holdings to 214,246, averaging a purchase price of $35,160 per Bitcoin and cumulatively spending $7.5 billion. MicroStrategy‘s significant investment places the company’s Bitcoin assets at over 1% of the entire Bitcoin market, marking an unrealized profit margin of...
SINGAPORE: Singapore Airlines (SIA) will suspend flights to Chengdu and Chongqing from March 31, less than five months after flights to the two Chinese cities resumed. In response to queries, a SIA spokesman said the suspension is due to regulatory reasons, without elaborating further, including on the length of suspension. The flag carrier currently operates daily flights...
SINGAPORE: A woman lied to the police that a man she did not know had snatched her mobile phone in Geylang when, in fact, her boyfriend was in possession of the device at the time. The prosecution said that she dropped the device when they quarrelled, and she was aware that her boyfriend had picked it...
Binance has imposed stricter client screening procedures upon its prime brokers, such as Hidden Road and FalconX. According to a Bloomberg report on March 19, the strategy is designed to prevent U.S. investors from accessing its trading platform. The screening enhancements are tailored for prime brokers that primarily serve institutional investors. These brokers are now required to gather comprehensive...
Galaxy Asset Management surpassed $10 billion in Assets under Management (AUM) for the first time on Feb. 29, 2024. Galaxy Digital Holdings’ institutional investing division credited the milestone to a growing enthusiasm among institutional investors for digital assets. Mike Novogratz, CEO of Galaxy Digital, announced this accomplishment on March 19 on X, characterizing it as an...
Japan’s Government Pension Investment Fund (GPIF), the largest pension fund in Japan and globally, is looking to explore investments in alternative assets such as Bitcoin (BTC) and gold. According to a Bloomberg report, GPIF revealed in a press release today that it plans to examine the possibility of accommodating Bitcoin and other commodities, including farmlands, forests and...
Bitcoin’s decline prompts caution among traditional investors, emphasizing the importance of forthcoming flow data to gauge market sentiment. Traditional investors (tradfi) are starting to exercise caution as Bitcoin’s (BTC) price experiences a decline pulling back over 12.5% from its recent all-time high reached on Mar. 14. In a recent research report Bitfinex notes that the latest retreat “was...
