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Bitcoin climbs toward 64k as chip stocks tumble
Bitcoin is showing resilience, rising 1% despite a major sell-off in the South Korean chip market. Shares of SK Hynix plunged 17% after the company missed profit expectations, even though earnings grew significantly.
Investors are now looking ahead to the Federal Reserve’s upcoming interest rate decision later today.
Why it matters: Crypto markets are currently decoupling from traditional tech stock volatility as traders await key macroeconomic updates.
Source: CoinDesk
Bitcoin is showing resilience, rising 1% despite a major sell-off in the South Korean chip market. Shares of SK Hynix plunged 17% after the company missed profit expectations, even though earnings grew significantly.
Investors are now looking ahead to the Federal Reserve’s upcoming interest rate decision later today.
Why it matters: Crypto markets are currently decoupling from traditional tech stock volatility as traders await key macroeconomic updates.
Source: CoinDesk
Coldcard hack triggers massive BTC exodus
Nearly 40,000 Bitcoin have been moved in small transactions following the ongoing Coldcard security breach. CryptoQuant reports this is the largest volume of sub-1 BTC movements recorded since the collapse of the FTX exchange.
Security researchers have issued urgent warnings, confirming that the exploit is still active and potentially impacting user funds.
Why it matters: This mass movement of Bitcoin signals widespread panic and potential user flight due to the ongoing vulnerability.
Not financial advice. DYOR.
Source: Cointelegraph
Nearly 40,000 Bitcoin have been moved in small transactions following the ongoing Coldcard security breach. CryptoQuant reports this is the largest volume of sub-1 BTC movements recorded since the collapse of the FTX exchange.
Security researchers have issued urgent warnings, confirming that the exploit is still active and potentially impacting user funds.
Why it matters: This mass movement of Bitcoin signals widespread panic and potential user flight due to the ongoing vulnerability.
Not financial advice. DYOR.
Source: Cointelegraph
Trump Media offloads more Bitcoin
Trump Media has continued its selling streak by transferring another 2,628 BTC to the exchange Crypto.com. This latest move brings the company's total sales to 7,281 BTC over the past seven months.
Following this transfer, the company's remaining Bitcoin holdings have dropped to 4,261 BTC.
Why it matters: Significant, ongoing liquidations from major corporate holders can impact market sentiment and influence broader price trends.
Not financial advice. DYOR.
Source: Cointelegraph
Trump Media has continued its selling streak by transferring another 2,628 BTC to the exchange Crypto.com. This latest move brings the company's total sales to 7,281 BTC over the past seven months.
Following this transfer, the company's remaining Bitcoin holdings have dropped to 4,261 BTC.
Why it matters: Significant, ongoing liquidations from major corporate holders can impact market sentiment and influence broader price trends.
Not financial advice. DYOR.
Source: Cointelegraph
Caleb and Brown enters UK market
Boutique crypto brokerage Caleb and Brown is expanding its operations into the United Kingdom. The firm aims to tap into growing demand by specifically targeting high-net-worth clients instead of fighting retail exchanges for mass-market users.
Why it matters: This strategic move highlights an increasing focus on personalized wealth management services for wealthy crypto investors in the UK.
Not financial advice. DYOR.
Source: Cointelegraph
Boutique crypto brokerage Caleb and Brown is expanding its operations into the United Kingdom. The firm aims to tap into growing demand by specifically targeting high-net-worth clients instead of fighting retail exchanges for mass-market users.
Why it matters: This strategic move highlights an increasing focus on personalized wealth management services for wealthy crypto investors in the UK.
Not financial advice. DYOR.
Source: Cointelegraph