Cryptocurrency

The cryptocurrency market experienced a significant upheaval as Bitcoin, the most renowned digital currency, plummeted from its record high of $126,000 to below $80,500 on November 28th.

Amidst a market downturn that has wiped out $1 trillion from the cryptocurrency sector, companies holding digital assets are liquidating their portfolios in a desperate bid to stabilize plummeting stock prices. The once-booming trend of crypto asset treasuries is now unraveling as widespread sell-offs force firms to reevaluate their strategies.

BlackRock's spot Bitcoin ETF is enduring its worst month since inception, mirroring Bitcoin's steepest monthly decline in over three years.

Grayscale is poised to achieve a significant milestone as its Dogecoin ETF and XRP ETF prepare to commence trading on...

Bitcoin's steep decline continued on November 21st, plummeting near the $80,000 mark and wiping out nearly $890 billion in investor wealth. Many who attempted to "catch the falling knife" by buying the dip have suffered significant losses. The market remains highly volatile, with substantial risks still present.

According to data from Farside Investors, investors withdrew a net $523 million from BlackRock’s iShares Bitcoin Trust (IBIT) on November 18th. This marks the largest single-day outflow since the fund’s inception.

Uncover the latest insights and trends shaping the world of major cryptocurrencies, meticulously analyzed for both short-term and long-term investment strategies. These expert evaluations are designed to empower informed decision-making, catering to the interests of discerning investors.

Amidst the volatile digital asset market, SGX Derivatives, the derivatives arm of the Singapore Exchange (SGX), has adopted a cautious approach by exclusively opening its doors to institutional investors. This strategic move by SGX Derivatives reflects a dual strategy: actively engaging in the cryptocurrency market while safeguarding retail investors from the steep declines in digital assets by restricting product access to institutional players.

Bitcoin plummeted below the $90,000 mark on November 18th, hitting its lowest point in seven months and erasing all year-to-date gains. This sharp decline raises questions about whether the sell-off is a routine market shakeout or the beginning of a more prolonged downturn.

Bitcoin plummeted to a fresh six-month low on November 17th, extending its multi-week decline as sentiment in the cryptocurrency market continued to sour.