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The new year has offered no relief for Chinese assets, which continue to decline in a meltdown that could further fuel the ongoing bitcoin (BTC) bull run. The Chinese yuan (CNY) fell to 3.22 per U.S. dollar early Tuesday, reaching the lowest level since September 2023, according to data source TradingView. The Chinese unit has […]

FTX EU, the European arm of Sam Bankman Fried’s now-bankrupt cryptocurrency trading empire, has been sold to Backpack Exchange, a crypto trading company founded by former Alameda Research and FTX employees. FTX EU, which held a MiFID II-license under the Cyprus Securities and Exchange Commission (CySEC), cost Backpack $32.7 million, the exchange said. Backpack’s new

A return to markets after the holidays and anticipation of Donald Trump’s inauguration as U.S. president is building bullish sentiment for bitcoin and the broader crypto market. The asset is up 10% in the past week, retaking the $102,000 level late Monday and reversing nearly all losses from early December. It fell from a peak

Bitcoin (BTC), the leading cryptocurrency by market value, surged 121% last year to cross the six-figure mark, outshining traditional assets. However, this performance falls short in comparison to Pythagoras Investment Management’s Alpha Long Biased Strategy, which pushed the envelope even further. The fund, which combines a BTC base position with two uncorrelated strategies, achieved an

Bitcoin (<a href=”https://www.coindesk.com/price/bitcoin?_gl=1*16vsd1c*_up*MQ..*_ga*MTA1ODY0MTAzMy4xNzMyODIwOTk0*_ga_VM3STRYVN8*MTczMjgyMDk5NC4xLjAuMTczMjgyMDk5NC4wLjAuMTk0NjQyMDA3Ng..” target=”_blank”>BTC</a>) has slumped back to $95,000 after coming within a few hundred dollars of passing the symbolic $100,000 price level. But the largest cryptocurrency is only catching its breath before surging to newer heights, according to investment management firm ARK Invest. “We’re more or less anticipating $104,000 to $124,000 price targets by