Day: January 29, 2024

Large Chinese fund files for spot Bitcoin ETF in Hong Kong

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Harvest Fund Management’s Hong Kong branch has reportedly filed for a spot Bitcoin exchange-traded fund (ETF) with the Securities and Futures Commission. According to a Tencent News report, Harvest Fund Hong Kong has filed for a spot Bitcoin ETF with the Hong Kong Securities Regulatory Commission (SFC), as the local authorities have signaled their willingness to greenlight spot crypto ETFs. As of press time, Harvest Fund made no public statements on the matter. The report suggests that the SFC is leaning towards approving the ETF for listing on the Hong…

Solana Breakout Looms – Will SOL Retake $100 Before Start Of February?

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Solana, the high-performance blockchain darling, spent today grappling with the $100 mark. Having rallied to within spitting distance earlier, the native token (SOL) retreated slightly but held onto most recent gains, hovering primarily above $97. This price point has emerged as a key battleground, analysts say, with significant selling pressure poised at the century mark. Solana’s 2023 Surge And Challenges 2023 was a stellar year for Solana, a stark contrast to its previous rollercoaster ride. Fuelled by factors including network upgrades and booming DeFi projects, SOL soared to a record…

Re-Engage in Bitcoin (BTC) Long Positions Above $43K, Analyst Says

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Bitcoin ETFs in and Around Asia After U.S. Approvals? Analysts Are Optimistic About Momentum

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DOT Price (Polkadot) Uptrend To Continue? These Could Be The Factors To Watch

Polkadot (DOT) is gaining pace above the $6.80 resistance against the US Dollar. The price could gain bullish momentum if it clears the $7.28 resistance. DOT is trading in a positive zone from the $6.00 support against the US Dollar. The price is trading near the $7.00 zone and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $6.50 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could continue to rise unless the…

Ethereum Price Recovery Faces Major Barrier, Can Bulls Overcome Bears?

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Ethereum price is attempting a recovery wave above the $2,240 zone. ETH could gain bullish momentum if it clears the $2,300 resistance zone. Ethereum started an upside correction above the $2,200 zone. The price is trading above $2,240 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,265 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a steady increase if it clears the $2,300 resistance zone. Ethereum Price Regains Strength Ethereum price formed a…

Bitcoin Price Restarts Increase – Can BTC Pump To $45K Again?

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Bitcoin price is recovering higher above the $42,000 resistance. BTC must clear $42,800 and $43,500 to start an increase toward the $45,000 resistance. Bitcoin price is moving higher above the $42,000 resistance zone. The price is trading above $41,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $41,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if it clears the $42,800 and $43,500 resistance levels. Bitcoin Price Aims Higher…