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The FXGT Blog
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Bitcoin
21 May 2024
Technical overview – Bitcoin's Bullish Reversal
Following the last couple of months of downward pressure, Bitcoin's price is now showing signs of recovery, increasing almost 10% over the past week. The $60,000 level, t...
21 May 2024
Crypto News Catchup – Upcoming Ethereum ETF Decision and Bitcoin Volume Spike
The U.S. Securities and Exchange Commission is expected to decide on Ethereum ETF applications this week. This highly anticipated decision follows delays and reflects the...
Cryptocurrency
Advanced
16 May 2024
The BTCUSD Relationship: Factors That Influence the Pair
The BTCUSD relationship represents one of the most fascinating and dynamic interactions in the financial markets today. At its core, this pair symbolizes the trade value ...
14 May 2024
Technical overview – Bitcoin’s Surge Faces Critical Test at $65,500 Resistance Level
Bitcoin’s Recent Performance: Bitcoin has seen a notable rebound this week, climbing 11% from the previous week's low of $56,700. Since the beginning of May, the cryptocu...
14 May 2024
Crypto News Catchup - Crypto Exchanges See First Decline in Trading Volume Since September
Spot trading volumes on centralized crypto exchanges fell to $1.6 trillion in April, the first month-to-month decline since September 2023. This drop coincided with a sig...
30 April 2024
Bitcoin Technical overview – Sideways consolidation continues
Downward Momentum: Over the past week, Bitcoin has experienced a 5% decline, marking a structured downtrend on the hourly chart. Despite the short-term trend, the daily t...
30 April 2024
Crypto News Catchup - Bitcoin's daily transactions reach new peak
For the first time since its launch in January, BlackRock's Bitcoin ETF, IBIT, recorded zero daily inflows on April 24. This marks a significant shift as other U.S.-regis...
23 April 2024
Bitcoin Technical overview – 60,000$ Support Level Maintains Uptrend
Historical Patterns After Halving: Bitcoin typically shows a consolidation period post-halving before beginning a significant rally. This pattern has been consistent in p...
23 April 2024
Crypto News Catchup - Bitcoin has successfully completed its fourth halving event, reducing miner rewards from 6.25 to 3.125 BTC per block
Bitcoin has successfully completed its fourth halving event, reducing miner rewards from 6.25 to 3.125 BTC per block, as Bitcoin reached its 840,000th block. This event, ...
16 April 2024
Technical overview – Bitcoin Halving Ahead
Bitcoin experienced a sharp 10% decline over the past week, with escalating tensions in the Middle East during the weekend contributing to market unease. Additionally, an...
16 April 2024
Crypto News Catchup - Hong Kong has approved its first spot Bitcoin and Ethereum ETFs
Hong Kong has approved its first spot Bitcoin and Ethereum ETFs, marking a significant move towards adopting cryptocurrencies as mainstream investment tools. These ETFs, ...
9 April 2024
Technical overview - Bitcoin's Week of Gains
Bitcoin’s Week of Gains: Bitcoin surged by more than 7% over the past week, demonstrating renewed bullish momentum. The upward trend was catalyzed by a significant ...
9 April 2024
Crypto News Roundup - The trading volume for spot Bitcoin ETFs surged to $111 billion in March
BlackRock has updated its Bitcoin ETF, adding five notable Wall Street firms as new authorized participants. These additions include ABN AMRO, Citadel Securities, Citigro...
3 April 2024
Technical overview - Bitcoin’s Price Stagnation
Bitcoin's price largely remained stable last week, struggling to surpass the $72,000 mark to challenge all-time highs. A drop below $68,000 early this week has tempered t...
27 March 2024
Bitcoin Technical Overview
Bitcoin has experienced a significant surge, increasing by almost 14% over the past week. This upward trend marks a significant turnaround following the recent correction...
27 March 2024
Crypto News Catchup
The Securities and Exchange Commission has deferred its decision on the approval of Grayscale's Ethereum Futures Exchange-Traded Fund (ETF) until the end of May