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financialnewshub · 12 hours
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Hong Kong’s New Spot Bitcoin and Ether ETFs See $11.2 Million in Trading Volume on Debut Day
Hong Kong’s entry into the spot Bitcoin and Ether exchange-traded funds (ETFs) market saw six newly introduced ETFs record a trading volume of HK$87.5 million ($11.2 million) on their first day of trading.  The figure falls extremely short of the $4.6 billion achieved by the 11 spot Bitcoin ETFs in the United States. These new Hong Kong Bitcoin ETFs are managed by China Asset Management, Harvest

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financialnewshub · 12 hours
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Ethereum (ETH) Forms Crucial Ascending Channel, Shiba Inu (SHIB) Might Surprise Us, Will It Revitalize Bitcoin (BTC) Run?
Ethereum has entered an ascending price channel, which could dictate its performance in the short term. This technical formation suggests a cautiously optimistic outlook but also flags potential risks ahead. The ascending channel observed on Ethereum’s daily price chart shows that ETH has been achieving higher lows and higher highs, a bullish indicator in traditional market analysis. However,

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financialnewshub · 21 hours
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Bitcoin Might Plunge to $52K Level, Top Expert Warns
In a recent post on the X social media platform, Glassnode co-founder Yann Allemann has opined that the price of Bitcoin, the leading cryptocurrency, could end up crashing all the way back to the $52,000 where it would be expected to find some stability.  However, he is bullish on the largest cryptocurrency since he believes that it will be able to attract buyers and reinforce the current

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financialnewshub · 24 hours
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Here’s what happened in crypto today
The launch of Runes has boosted activity on Bitcoin to record highs. Hong Kong’s spot Bitcoin and Ether ETFs have officially begun trading and issuers say they’re not too worried about Ether being seen as a security in the United States. Meanwhile, restaking protocol EigenLayer has released a white paper for its new token and announced an airdrop, which met some criticism. Bitcoin processes 1.6

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financialnewshub · 6 days
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Bitcoin Bears Risk Losing $7.2 Billion If BTC Price Reaches This Level
The Bitcoin price continues to fluctuate wildly after crashing from its all-time high price above $73,000. This has triggered a wave of bearish sentiment in the market, causing a large number of crypto traders to go short on the pioneer cryptocurrency. As a result, these bears lose, risking a large amount if the Bitcoin price resumes its bullish rally. Bears Will Lose $7.2 Billion If Bitcoin

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financialnewshub · 6 days
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ViaBTC’s ‘epic sat’ from fourth Bitcoin halving block sells for 33.3 BTC ($2.13 million)
An “epic sat”—an exceptionally rare satoshi, the smallest unit of bitcoin, from Bitcoin’s fourth halving block—sold for over $2 million. On April 25, the crypto mining pool ViaBTC sold “Sat 1,968,750,000,000,000” for 33.3 BTC, valued at $2.13 million, on the crypto exchange CoinEx Global. “CoinEx’s partner, the ViaBTC mining pool, has officially mined the 840,000th block. This milestone not

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financialnewshub · 6 days
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Stocks Plunge Before the Open as Meta’s Revenue Forecast Disappoints, U.S. GDP Data and Earnings in Focus
June S&P 500 E-Mini futures (ESM24) are down -0.53%, and June Nasdaq 100 E-Mini futures NQM2024 are down -0.87% this morning as a disappointing revenue outlook for the current quarter from Meta weighed on sentiment, while market participants braced for a new round of U.S. economic data and quarterly reports from heavyweight names. Meta Platforms META slumped over -12% in pre-market trading after

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financialnewshub · 6 days
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China's March net gold imports via Hong Kong up 40% from Feb
China’s net gold imports via Hong Kong jumped 40% in March from the previous month, Hong Kong Census and Statistics Department data showed on Thursday. Net imports into the world’s top gold consumer stood at 55.836 metric tons in March, compared with 39.826 tons in February, the data showed. Total gold imports via Hong Kong were up about 40.2% at 63.499 tons. WHY IT’S IMPORTANT? China is the

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financialnewshub · 6 days
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Bitcoin mining difficulty rises for first time immediately after a halving amid Runes fee frenzy
Bitcoin mining difficulty rose 2% on Wednesday to hit a new all-time high in the first adjustment since last week’s halving event. The difficulty adjustment came at block height 840,672, reaching a record of 88.1 trillion, according to Bitbo data — marking the first time Bitcoin mining difficulty has risen in the first adjustment following a halving. In comparison, the first Bitcoin mining

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financialnewshub · 6 days
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Bitcoin Miners’ Daily Revenue Drops 40% as Runes Hype Cools Down
Recent data from CryptoQuant indicates a steep decline in daily revenue for Bitcoin miners, falling to $63.6 million on Tuesday after excitement for the Runes protocol diminished. This downturn aligns with the effects of the recent Bitcoin halving event, which took place last Friday night. The event halved the issuance of new Bitcoin per block to 3.125. Consequently, new Bitcoin issuance was

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financialnewshub · 9 days
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BTC/USD: Bitcoin Starts Week on High Note Above $65,000 After Halving Event Wraps Up
BTCUSD+3.09% Illustration by TradingView OG crypto successfully completed its software upgrade called ‘halving.’ Now miners are creating Bitcoin at a 50% slower pace. Key Points: Bitcoin halving is a success. Rewards slashed to 3.125 BTC. Prices maintain upside trajectory. Bitcoin BTCUSD kicked off the week on an upbeat note after an eventful weekend. On Saturday, April 20, the original

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financialnewshub · 9 days
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Bitcoin Price Prediction as BTC Bounces Above $66,000 – New Bull Run Starting?
Bitcoin Price Prediction Bitcoin (BTC/USD) demonstrates robust performance, with a notable price surge to $66,270, an uplift of approximately 2.50%. This positive momentum places Bitcoin’s trading dynamics in the spotlight, crucial for those monitoring Bitcoin price predictions. As it surpasses the pivotal $64,853 mark, the digital currency may be poised for further gains, with key resistance

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financialnewshub · 12 days
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Bitcoin halving puts focus on crypto education initiatives
Over the last couple of months, the crypto world has been abuzz with anticipation for the upcoming Bitcoin halving event. This pivotal moment, expected to occur on April 20 (based on the UTC time standard), will once again cut the reward for mining new Bitcoin blocks in half, further reducing the supply of the world’s first and largest cryptocurrency, Bitcoin BTCUSD. While many investors and

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financialnewshub · 14 days
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Bitcoin slips below $60K, but some traders aren’t turning bearish on BTC just yet
Bitcoin price briefly fell below $60,000 only a few days before the much-anticipated Bitcoin halving. Yet, many traders remain optimistic about Bitcoin’s long-term price outlook based on historical chart patterns and institutional inflows. Bitcoin remains in pre-halving “danger zone” Despite the recent price correction, Bitcoin BTCUSD reclaimed a key moving average indicator, which signaled the

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financialnewshub · 15 days
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Powell remarks, higher yields weigh, but S&P 500 slips just a bit
KEY POINTS: Main U.S. indexes end mixed, little changed Real estate weakest S&P 500 sector; Tech leads gainers Dollar, gold up slightly; crude, bitcoin edged down U.S. 10-Year Treasury yield rises to ~4.66% POWELL REMARKS, HIGHER YIELDS WEIGH, BUT S&P 500 SLIPS JUST A BIT The main U.S. indexes ended mixed and little changed on Tuesday even as Treasury yields climbed, with investors weighing

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financialnewshub · 15 days
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Crypto Expert Predicts Bitcoin Will Reach $650,000 Due To This Reason
A crypto analyst has made a bold prediction about Bitcoin, anticipating that the pioneer cryptocurrency could surge to $650,000 as the Spot Bitcoin ETF market continues to grow.  BTC’s Next Price Target Expected At $650,000 In an X (formerly Twitter) post published on Monday, Willy Woo, a popular analyst and crypto expert with over 1 million followers, predicted Bitcoin’s next price target,

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financialnewshub · 15 days
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US stocks see-saw as rising Treasury yields, Middle East tensions cap gains
Wall Street was mixed in choppy trading on Tuesday as rising U.S. Treasury yields and elevated geopolitical worries counteracted a generally positive string of first-quarter corporate results. While the S&P 500 was nominally lower and the Nasdaq was last essentially flat, the blue-chip Dow was boosted higher by UnitedHealth Group UNH shares in the wake of its earnings report. But stocks were

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