Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Analysis As Asia begins its trading day, Tron DAO’s TRX token…
Bitwise Asset Management’s European research arm argues that the sharp sell-off that followed last week’s military escalation between Iran and Israel is likely to give way to a powerful relief rally in Bitcoin, echoing the cryptocurrency’s behaviour after earlier geopolitical shocks. In its 16 June weekly newsletter Bitwise Europe points to a “Chart of the…
An analyst has explained how Dogecoin might have to hold strong above this level, if the memecoin has to avoid a 30% price drop. Dogecoin Is Currently Trading Inside A Symmetrical Triangle In a new post on X, analyst Ali Martinez has shared a chart that shows where Dogecoin currently stands from a technical analysis…
As Bitcoin (BTC) reels amidst escalating geopolitical tensions between Israel and Iran – dropping from $110,530 on June 9 to just above $106,900 today – concerns are mounting that BTC’s upward momentum may have stalled. However, on-chain data suggests that both Bitcoin whales and retail investors still anticipate further upside for the leading cryptocurrency. Bitcoin…
A recent analysis by a crypto market expert has reignited interest in XRP’s potential utility, especially in the context of Ripple capturing a portion of SWIFT’s global transaction volume. According to the expert, if Ripple secures just 14% of SWIFT’s market share, the implications for XRP’s supply and potential could be significant. XRP’s Potential If…
Crypto markets pushed higher on Monday as traders have shifted focus from geopolitical anxieties to crypto-related institutional developments ahead of the upcoming Federal Open Market Committee’s meeting. Bitcoin BTC has risen 3.1% in the last 24 hours and is now trading for $108,600, only a couple of thousand dollars below its all-time record. It certainly…
Companies around the globe made 60 Bitcoin announcements in five days, signaling a surge in corporate interest. Between June 9 and 13, companies added thousands of BTC to their balance sheets and revealed plans for billions more. This week’s activity shows that more businesses are treating Bitcoin like any other financial asset. Six New Bitcoin…
Bitcoin Magazine H100 Group Receives 144.8 BTC in Convertible Loan Deal H100 Group, Swedish health-tech firm, has received 144.8 BTC as part of a settlement tied to its convertible loan agreement, according to a company press release issued Monday. With this latest transaction, the Stockholm-based firm now holds a total of 169.2 BTC on its…
The escalating conflict between Israel and Iran has heightened fears of a potential World War III, injecting uncertainty into global markets. Both nations have exchanged missile strikes and retaliatory attacks, drawing global attention to how the Middle East tensions might impact the world economy. This geopolitical turmoil has contributed to increased volatility in the stock…
New on-chain data indicates that XRP’s ledger is experiencing significant growth, with large holders increasingly accumulating the asset. For the first time in XRP’s 12-year history, 2,708 unique wallets now hold 1 million or more XRP, which is valued at roughly $525,000 or more at current market prices, according to data from Santiment shared on…
