DeFi Technologies Inc., a financial technology company pioneering the convergence of traditional capital markets with the world of decentralized finance (DeFi), has announced that its subsidiary Valour Inc. has launched the first Short Spot Bitcoin ETP in the Nordic region. The financial product, known as Valour Short Bitcoin (SBTC) SEK (ISIN: CH1149139649), provides investors with a novel way to profit from or hedge against Bitcoin’s price movements. TLDR DeFi Technologies’ subsidiary Valour Inc. has launched the first Short Spot Bitcoin ETP in the Nordics, called Valour Short Bitcoin (SBTC ..read more

The cryptocurrency market has been on a rollercoaster ride in recent days, with Bitcoin’s price experiencing significant volatility due to a combination of geopolitical tensions and the highly anticipated halving event. Despite the uncertainty, some prominent figures in the crypto space remain bullish on Bitcoin’s long-term prospects, predicting substantial price increases in the coming months. TLDR The Bitcoin price has recovered toward $65,000 following reports that Iran has no immediate plans for retaliation, after initially falling below $60,000 due to geopolitical tensions between Iran a ..read more

The Bitcoin market has been grappling with increased selling pressure over the past week, with the price of the leading cryptocurrency dipping below the crucial $60,000 support level. However, a recent relief bounce to $64,182 on April 18 has sparked hopes of a potential recovery among investors. TLDR Bitcoin price has seen a brief relief bounce to $64,182 on April 18, following a week of selling pressure that pushed BTC below $60,000. Short-term holders’ (STHs) realized price, currently around $60,000, has historically acted as support during bull markets and may indicate a potential bottom ..read more

The highly anticipated Bitcoin halving, set to occur in April 2024, is poised to usher in a new era of scarcity for the world’s largest cryptocurrency. As the block reward is reduced from 6.25 to 3.125 BTC, the supply dynamics of Bitcoin are expected to undergo a significant shift, with far-reaching implications for investors, miners, and the broader crypto ecosystem. TLDR The Bitcoin halving in April 2024 will reduce the block reward to 3.125 BTC, making Bitcoin twice as scarce as gold based on the Stock-to-Flow (S2F) ratio. Bitcoin reserves on centralized exchanges are depleting rapidly, wi ..read more

Bitcoin has been experiencing significant price fluctuations in recent weeks. The digital asset has been trading between $60,700 and $74,000, with a recent dip below $61,000 sparking both concern and optimism among investors and analysts. TLDR Bitcoin price is currently ranging between $60,700 and $74,000, with a recent dip below $61,000. Analysts remain optimistic about Bitcoin’s potential to reach new all-time highs by the end of 2024, with some predicting a price of $250,000. Institutional adoption, particularly the approval of spot Bitcoin ETFs in Hong Kong, is seen as a major driver for ..read more

Despite the recent bullish sentiment surrounding Bitcoin, on-chain analysts and market indicators suggest that the world’s largest cryptocurrency could be facing a potential return to bearish conditions. Will Woo, a prominent on-chain analyst, has warned that a move back to the bear market is possible, with a decline below the $58,900 Short-Term Holder support level potentially invalidating bullish theses. TLDR On-chain analyst Will Woo suggests that a move back to the bear market is possible for Bitcoin, with a potential decline below the $58,900 Short-Term Holder support level invalidating ..read more

An early Bitcoin miner moved 50 BTC, worth over $3 million, after 14 years of inactivity. The transaction, which saw part of the transfer end up at Coinbase, has sparked interest among the crypto community and raised questions about the potential implications for the market. TLDR An early crypto miner moved 50 BTC, worth over $3 million, after 14 years of inactivity, with part of the transfer ending up at crypto exchange Coinbase. The transaction joins the few instances of “Satoshi era” bitcoin movements, following other significant transfers in 2023. The holdings were mined in April 2010, mo ..read more

The cryptocurrency market experienced a tumultuous weekend as geopolitical tensions between Iran and Israel escalated, causing a momentary downturn in prices. Bitcoin (BTC), the largest cryptocurrency by market capitalization, dipped as low as $60,800 during the conflict, with the market seeing approximately $962.40 million in liquidations. TLDR The crypto market experienced a momentary downturn due to the escalation of geopolitical tensions between Iran and Israel over the weekend. Bitcoin dipped as low as $60,800 during the conflict, with approximately $962.40 million lost during the market ..read more

The Hong Kong Securities and Futures Commission (SFC) has taken a significant step forward in the world of digital assets by approving the launch of spot Bitcoin and Ethereum exchange-traded funds (ETFs). This groundbreaking decision marks Hong Kong as the first jurisdiction to offer a spot Ethereum ETF, while the United States Securities and Exchange Commission (SEC) continues to deliberate on similar approvals. TLDR Hong Kong Securities and Futures Commission (SFC) has approved spot Bitcoin and Ethereum ETFs from China Asset Management, Bosera Capital, and HashKey Capital Limited. Harvest G ..read more

As the cryptocurrency market continues to evolve, recent developments suggest that Bitcoin, the world’s largest cryptocurrency by market capitalization, may be on the verge of a significant breakthrough. Market intelligence firm Santiment has highlighted an emerging trend that could prove pivotal for Bitcoin’s price trajectory: a diminishing correlation with traditional stock markets. TLDR Bitcoin is showing signs of decoupling from traditional stock markets, which could set the stage for significant price increases. After a brief dip following the release of March CPI data, Bitcoin quickly r ..read more