China Tightens Grip on Crypto with New Forex Rules
China has introduced stringent foreign exchange (forex) regulations aimed at curbing cryptocurrency trading and other financial activities deemed risky. The latest move underscores the nation’s ongoing efforts to tighten control over the digital asset industry, aligning with its longstanding anti-crypto stance. New Forex Rules Target Crypto Transactions At the close
Bitcoin Drops Below $92,000 Amid Profit-Taking and Macroeconomic Concerns
Bitcoin (BTC) has seen a sharp decline, dipping to $91,800, a level not seen since early December, as investors take profits following its meteoric rise earlier this month. A combination of profit-taking and a challenging macroeconomic environment is weighing heavily on the crypto market, causing volatility as the year ends.
XRP Leads Crypto Losses Amid Strong Dollar Pressure
The cryptocurrency market experienced a sharp downturn as the US dollar strengthened, impacting both traditional and digital assets. XRP spearheaded the decline, sinking over 5% in 24 hours, with major tokens like Bitcoin (BTC), Ether (ETH), and Solana (SOL) also suffering losses. XRP and Marketwide Losses XRP saw the steepest
Crypto Market Cools Down: Trading Volume Plummets 64%
The 2024 crypto market appears to have run out of steam, with market activity dropping sharply. A confluence of seasonal trends, reduced retail interest, and volatile trading has brought trading volumes to their lowest in seven weeks. Trading Volumes Sink Amid Volatility Recent data from Santiment reveals a significant 64%
Bitcoin Surges Beyond $97K Despite $14B Options Expiry, Eyes $110K in January
Bitcoin remains resilient as the year ends, defying a major options expiry event that could have triggered a significant market correction. Bitcoin (BTC) showcased impressive resilience following the year’s final options expiry on 27 December, avoiding a feared price drop below $85,000. Over $14.2 billion worth of Bitcoin options expired
Trump’s Crypto Revival Challenges EU’s New Digital Asset Rules
The US is positioning itself as a global crypto hub under Donald Trump’s leadership, creating fresh challenges for Europe’s regulatory efforts. With the EU’s landmark Markets in Crypto-Assets Regulation (MiCA) set to take effect on December 30, industry executives warn of a migration of crypto activity from Europe to the
Tether Supports Web3 Growth with a $2M Arcanum Fund Investment
The issuer of one of the most traded cryptocurrencies, USDT has made its first dubbed in the venture capital investment, Tether has invested nearly $2 million in Arcanum Capital’s Arcanum Emerging Technologies Fund II.Arcanum Emerging Technologies Fund II is a tokenized fund focused on the development, advancement, and growth of
Crypto Investment Products Hit 10th Consecutive Week of Inflows
Digital asset investment products continue to experience significant growth, recording their 10th consecutive week of inflows as Bitcoin reaches new heights. According to CoinShares’ latest weekly flows report, the week of December 9-13 saw inflows of $3.2 billion, highlighting strong investor interest in cryptocurrencies. Bitcoin Leads the Charge with $2
Bitcoin Tops $106K, Achieves Record 40:1 Bitcoin-to-Gold Ratio
Bitcoin has reached a monumental milestone, surpassing $106,000 per coin and achieving a record Bitcoin-to-gold ratio of 40:1. This remarkable development underlines Bitcoin’s growing purchasing power and its position as a modern alternative to gold. Bitcoin-to-Gold Ratio Hits All-Time High The Bitcoin-to-gold ratio, which measures Bitcoin’s price relative to gold,
The persistent deflation in China is a serious worldwide economic issue.
China is spiraling deeper into deflation, and it’s not just Beijing’s problem anymore—it’s everybody’s. Prices have been falling for six straight quarters. One more, and China ties the grim record from the Asian Financial Crisis in the 1990s. But it’s not like Beijing is sitting around doing nothing. Policymakers are
