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After all, Hong Kong was, at one time, the home of crypto’s growth story in its early days. Binance, Bitfinex, Tether, Justin Sun, and many other crypto stakeholders as well as Initial Coin Offering (ICO) teams once called Hong Kong home as the city’s fast-paced and free-flowing markets on overdrive
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Plus, with other “hard assets,” the price influences the potential supply. For instance, if gold were to surge from $2,000 to $20,000 per ounce, new extraction methods would become viable, boosting the theoretical cap. Bitcoin is the only asset traded on liquid exchanges for which the price has no influence
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Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests bitcoin is still a risk asset. Source
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Bitcoin is flat, but ether is up, on potentially favorable comments by the CFTC before Congress. Source
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“In the event of a widespread banking panic, which seems unlikely at this time, there will probably be the typical rush by investors into safe assets such as the U.S. Treasury securities. That is likely to help than hurt the dollar in the short term,” Eswar Prasad, professor at Cornell
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Bitcoin (BTC) accounts for more of the total value of cryptocurrency than at any time since June 2022.The latest data from TradingView shows that Bitcoin market cap dominance is nearing 46% — its highest in nine months.New dominance "spike" hints at trend change to comeThe latest knock-on effect from this
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“We are closely watching whether this moment creates an opening for other currencies, notably the Euro, to emerge as a linchpin of the digital asset ecosystem,” David Bachelier, Asia-Pacific CEO of Flowdesk said in a note to CryptoX. “Such an outcome would be positive, as it would bolster the role
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First Mover Asia: Deconstructing Crypto's China Narrative Source
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The January rebound in equities and knockout employment report may have undermined a few buy-bitcoin narratives, but the real value proposition behind bitcoin lies far beyond Wall Street in emerging markets, where bitcoin is in strong demand. Original Source
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The draw of capital into Frax’s ether pools has resulted in demand for FRAX and FXS tokens, with prices of the latter rising over 62% in the past week as per CoinGecko. And because some liquidity pools pay out in FXS, the price rise theoretically means higher rewards for stakers
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