Tag: Hits

Gold Hits Historic $3,038: Geopolitical Heat, Trump Policies Ignite Rally

coiner

On Tuesday, March 18, 2025, gold soared to an unprecedented zenith, breaching the $3,038-per-ounce threshold in spot trading—a historic pinnacle fueled by simmering global anxieties. Analysts attribute this rally to a confluence of destabilizing forces: escalating friction between Israel, Hezbollah, and Iran; strained U.S.-Iran diplomacy; recurrent Houthi maritime disruptions; and the reverberations of President Donald […] Source link

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Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM

coiner

The three spot Bitcoin exchange-traded funds (ETFs) in Hong Kong have surpassed HK$2 billion (around $272 million) in assets under management since launching earlier this year. NEW: 🇭🇰 Hong Kong #Bitcoin ETFs surpass HK $2 billion in assets under management. China is getting prepared 🙌 pic.twitter.com/GQZC1Z5UFC — Bitcoin Magazine (@BitcoinMagazine) August 26, 2024 The milestone comes just months after Hong Kong approved its first spot bitcoin ETFs, following similar moves in the U.S. and Europe. The ETFs provide exposure to Bitcoin prices without directly owning Bitcoin. While volumes have been…

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Global Liquidity Hits All Time High, Bitcoin To Follow?

coiner

According to data from Bitcoin Magazine Pro, the global money supply, also known as global liquidity, has hit an all-time high of $95 trillion; Bitcoin investors and analysts closely watch this key indicator, as higher liquidity has historically preceded major bull runs. Global liquidity is the total amount of money circulating in the global financial system. It encompasses the M2 money supply of major economies like the U.S., China, EU, Japan, etc. M2 includes cash, bank deposits, money market mutual funds, and other near-money assets. This figure recently hit $95…

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Bitcoin analyst eyes ‘V-shape’ BTC price bounce as RSI hits 5-year low

coiner

Bitcoin (BTC) stayed stubbornly anti-trend on Aug. 22 as $26,000 became a magnet for intraday BTC price action. BTC/USD 1-hour chart. Source: TradingView BTC price “death chop” returns Data from Cointelegraph Markets Pro and TradingView tracked a third day of sideways performance for BTC/USD. Despite being heavily oversold, according to relative strength index (RSI) readings, Bitcoin refused to offer any form of recovery bounce from levels last seen two months prior. Market participants were restless, with popular trader Jelle referring to intraday movements as the “death chop.” “At this stage…

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Bitcoin volume hits lowest since early 2021 amid fear $25K may return

coiner

Bitcoin (BTC) stayed static at the July 31 Wall Street open as analysis warned that the net was closing in for bulls. BTC/USD 1-hour chart. Source: TradingView $28,300 “last line of defence” for BTC price Data from Cointelegraph Markets Pro and TradingView followed the BTC price as it greeted the last trading day of July with more sideways behavior. Much like the weekend and the week prior, nothing seemed able to effect a major trend change, while a brief spurt above $29,500 after the weekly close provided the most interesting…

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