Thursday, March 28, 2024
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Crypto traders urge caution as Bitcoin price hits 3-month high near $31K

Bitcoin (BTC) hit new three-month highs on Oct. 23 as the week’s first Asia trading session produced snap gains.BTC/USD 1-hour chart. Source: TradingViewBitcoin bulls face crunch BTC price resistanceData from Cointelegraph Markets Pro and TradingView showed BTC price adding momentum to reach $30,944 on Bitstamp.The largest cryptocurrency saw its first

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​​Crypto fund outflows reach $417M over 8 weeks as investor caution persists

On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week streak of outflows, which now total $417 million. Analysts at CoinShares have attributed this ongoing trend

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Singapore’s Temasek to Exercise Caution in Crypto Space After FTX Nightmare

"Although there was no misconduct by the investment team in reaching their investment recommendation, the investment team and senior management, who are ultimately responsible for investment decisions made, took collective accountability and had their compensation reduced," Temasek Chairman Lim Boon Heng said in a statement posted to its website. Original Source

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Meme Coin Trading Volume Surges to Two-Year High, a Sign of Caution for Bitcoin (BTC) Bulls

The speculative mania was led by pepecoin (PEPE), a frog-themed token launched in mid-April with a maximum supply of 420 trillion. PEPE crossed $1 billion in market capitalization on Friday, eventually peaking at $1.82 billion, a staggering achievement for a three-week-old meme cryptocurrency. At press time, PEPE's market cap stood

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Investors Urged to Exercise Caution – Bitcoin News

According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and Due Diligence When Using Proof-of-Reserve Reports The U.S. accounting watchdog

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