Analysis Crypto by Thebittimes.Com

Recent weeks have seen a massive surge in digital asset investments, with inflows totaling $346 million, led by Bitcoin and Ethereum. Investments in digital asset products have surged recently, marking a significant trend in the crypto market. Last week, these products experienced an influx of $346 million in capital, setting a record for the largest weekly investment during a continuous nine-week period of positive flows. According to CoinShares report, Bitcoin alone attracted $312 million in new investment s last week, with Bitcoin’s year-to-date inflow s exceeding $1.5 billion. Enhanced activity in exchange-traded products (ETPs) related to Bitcoin has been observed, with these products accounting for 18% of all Bitcoin spot trading volumes last week. ETF Anticipation Fuelling the Largest Surge in Inflows Since Late 2021https://t.co/kadC8aRml5 — James Butterfill (@jbutterfill) November 27, 2023 You might also like: Vitalik Buterin unveils major overhaul of E...

Author：Lily Editor：Colin Wu 1. Hong Kong’s weekly summary 1.1 Chinese banks court crypto firms in Hong Kong after mainland ban link The Hong Kong arms of Bank of Communications Co., Bank of China Ltd. and Shanghai Pudong Development Bank have either started offering banking services to local crypto firms or have made inquiries to the field. Sales representatives from one Chinese bank even visited the office of a crypto company to pitch its services. 1.2 HK regulators to host meeting to help crypto firms with banking link Hong Kong regulators are convening a meeting between crypto firms and bankers in a bid to ease financing for the sector as the city seeks to establish itself as a hub for virtual assets. The round-table will take place on April 28 at the Hong Kong Monetary Authority “to facilitate direct dialog” and “share practical experiences and perspectives in opening and maintaining bank accounts”. 1.3 CEO of HK SFC: Cryptocurrency platforms are part of the Web 3.0 ecosystem lin...

Bitcoin bulls have a lot to do preserve newly-won support, but failure to do so could still see a BTC price cascade below $20,000, research warns. Bitcoin (BTC) stayed near key support on March 5 as the weekly candle close brought fresh fears of a breakdown. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst warns over fate of $20,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to move in a tight range over the weekend. The pair had remained practically stationary since its abrupt fall on March 3 triggered by a margin call amid uncertainty over Silvergate bank. The streak has been broken pic.twitter.com/TY5w7NAKWw — Daan Crypto Trades (@DaanCrypto) March 4, 2023 While avoiding further losses, Analysis warned that Bitcoin could still easily fall much lower if a nearby support level failed to hold. Monitoring resource Material Indicators explained that BTC price action had "lost key technical support" and that $22,00...