Hong Kong introduces 0% capital gains tax on Bitcoin, but the full picture is more nuanced

The sustained outflows from Bitcoin ETFs highlight shifting investor sentiment, potentially signaling broader market caution and volatility ahead. The post BlackRock clients sell $192.3M worth of Bitcoin as IBIT outflows extend to eight straight days appeared first on Crypto Briefing.

Bitcoin’s price tumbled to nearly $75,000 earlier, marking a decline of about 2% for the day. The move was sudden, which raised more than a few eyebrows. Analysts have started speculating about what caused the cascading red candles, and many are pointing to the involvement of BlackRock’s spot BTC ETF, IBIT. Largest Dark Pool Block […]

Galaxy Digital’s Alex Thorn says a $1.3 billion sale of BlackRock’s Bitcoin ETF was the largest he has seen on a dark pool, or private trading platform.

Ran Neuner says Bitcoin’s chart structure is starting to resemble the breakdown pattern that preceded the 2022 capitulation, with one key difference: this time, he argues, Michael Saylor’s Strategy may be the market’s most important marginal buyer. Speaking with Scott Melker in a May 24 interview, Neuner said Bitcoin is sitting inside a “very scary structure,” pointing to what he described as a bear flag that has failed to resolve higher. His concern is not only technical. It is also tied to whether Strategy can keep raising capital through STRC, a preferred-stock instrument that Neuner believes has become central to Saylor’s ability to buy more Bitcoin. “If history repeats, right, then we should break down or could break down below this,” Neuner said, referring to Bitcoin’s current chart pattern. “I hate saying it because look, I don’t even want to admit it to myself, but I mean definitely it’s going down to the $40ks or $50ks if it happens.” The argument rests on a comparison with 20

MicroStrategy's $14B Bitcoin acquisition could stabilize its financial strategy, influencing market confidence and long-term cryptocurrency value. The post Strategy to acquire $14B in Bitcoin, impacting market dynamics appeared first on Crypto Briefing.

CME launches AVAX and SUI futures, giving institutional traders new crypto tools for hedging, risk management, and diversification. CME launches AVAX and SUI futures for trading, expanding its crypto derivatives range beyond Bitcoin, Ethereum, and Solana. The new contracts are designed for institutional and professional traders seeking listed tools to manage crypto exposure, hedge risk, […] The post CME Launches AVAX And SUI Futures As Crypto Derivatives Offering Expands appeared first on Live Bitcoin News.

Bitcoin price started a downside correction from the $77,800 zone. BTC is showing bearish signs and might continue lower below $75,500. Bitcoin failed to stay above $77,000 and extended losses. The price is trading below $76,800 and the 100 hourly simple moving average. There was a break below a declining channel with support at $76,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $76,200 and $76,500 levels. Bitcoin Price Dips Further Bitcoin price failed to clear the $77,500 resistance zone. BTC started a downside correction and declined below the key support at $76,500 to enter a bearish zone. There was a move below the 50% Fib retracement level of the upward move from the $74,210 swing low to the $77,810 high. Besides, there was a break below a declining channel with support at $76,250 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $76,500 and the 100 hourly simple moving average. If the pr