Nearly $2.5 billion in Bitcoin and Ethereum options expire today, setting up a potentially volatile end to the month as traders juggle upside bets with deep downside insurance. On the surface, positioning appears constructive. But beneath the call-heavy skew lies a striking anomaly: one of the largest open interest clusters in Bitcoin sits far below…
Bitcoin’s collapse has prompted some retail investors in Hong Kong to snap up the world’s largest cryptocurrency after its value fell by more than half from its peak. According to crypto asset data tracker CoinGecko, the price of bitcoin slumped to almost US$60,000 on Friday morning, Hong Kong time, less than half its historical high…
Bitcoin slid to US$74,541 on Monday morning, its lowest level in 10 months, extending a decline of about 40 per cent from its record high above US$126,000. That peak had been fuelled in part by expectations of a more crypto-friendly stance from the Trump administration. Other major tokens also weakened, with Ethereum down more than…
‘This is absolutely INSANE.” While the comment came from a social media post, the painful knee-jerk reaction is likely reverberating across the board for anyone even remotely interested in crypto, as bitcoin just plunged to near $77,000 on Saturday and has held there since. The price of the largest digital asset didn’t just stumble; it…
Shares of HashKey Holdings, operator of Hong Kong’s largest licensed cryptocurrency exchange, fluctuated on their trading debut, as investors shunned risk amid a downturn in both equity and digital asset markets. Trading under the stock code 3887, HashKey shares first changed hands on Wednesday at HK$6.70, or 0.3 per cent above the offer price of…
Key Insights: BTC price fell 5%, and in latest Bitcoin news, China’s mining crackdown have fueled concerns. Recent Chinese regulations on Bitcoin mining have affected approximately 400,000 miners, temporarily reducing network hashrate and revenue. The CCP has taken measures that effectively limit Bitcoin and crypto activity in the country. The past few months have been…
The People’s Bank of China just logged its thirteenth straight month of gold purchases, extending one of the most deliberate reserve-management campaigns of the post-crisis era. These purchases signal that the world’s second-largest economy is shifting deeper into sovereign-controlled, seizure-resistant assets. Against this backdrop, crypto analysts see the PBoC’s buying streak not as a bullish…
When Alvin Kwock, co-founder of digital insurer OneDegree, took part in the inaugural Hong Kong FinTech Week in November 2016, it was held at a venue suitable for only a few hundred people. “As it was the first ever fintech event in Hong Kong, only fintech start-ups were interested, no big financial institutions paid attention,”…
Nvidia’s blockbuster earnings late Wednesday set up the stock market for a ferocious rebound as the chipmaker appeared to ease fears that an AI bubble was about to pop. Thursday began with a massive rally with the Dow Jones Industrial Average up 700 points, regaining some ground after an earlier AI-related selloff. Upbeat results from…
Thursday was a bizarre day in the stock market. Investors are still scratching their heads over what caused a sudden and dramatic reversal around midday after a morning of solid gains, but there might be some clues in the latest bout of bitcoin selling. The Dow was up as much as 700 points in Thursday’s…