Latest news with #BTSE
Yahoo
04-08-2025
- Business
- Yahoo
XRP Leads Market Gains, Bitcoin Nears $115K as Trump Tariffs Sour Bullish Crypto Mood
Crypto started the week steady with bitcoin (BTC) and ether (ETH) stabilizing after volatile selloffs on Friday and Saturday driven by the worst spot ETF outflows in months. Bitcoin ETFs saw nearly $1 billion in outflows across Thursday and Friday, causing the asset to drop to around $114,000 before a modest recovery. Ether followed with $152 million in outflows on Friday, snapping a nearly month-long streak of daily inflows and putting pressure on its rally. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA This came as U.S. President Donald Trump levying fresh tariffs across Asia and Europe dampened the mood in the global market, with risky bets suffering. 'The dip was driven by concerns over Trump's tariff stance and the Fed's signal that it's not keen to cut rates soon. But opportunistic buyers are already stepping in before U.S. markets open, indicating the fear may be overdone,' said Jeff Mei, COO at BTSE, in a Monday note to CoinDesk. That opportunistic pattern is apparent in some charts. Bitcoin is holding near $114,500 in early Asia trading, while ether was sitting above $3,550 — both still within short-term support zones. Retail favorites XRP (XRP) and dogecoin (DOGE) rose as much as 5% to lead market gains on Monday, with Cardano's ADA (ADA), BNB (BNB) and Solana's SOL (SOL) rising over 3%. Institutional depth also appears to be cushioning volatility, some opine. 'The rising presence of professional desks has brought deeper secondary liquidity,' said Augustine Fan, Head of Insights at SignalPlus. 'This would've been a far messier unwind in the pre-ETF era. Q4 will be an important quarter with the Fed fully back in play and the tariff-inflation spillover to start showing in the real economy, so we believe it's an opportune time to dial down risk exposure in expectation of a busy September and year-end,' Fan added. Still, ETF buyers remain absent for now, and that's keeping broader sentiment tentative. Bitcoin still sat below the critical $118,000 breakout zone, and ether needs to jump above $3,500 to avoid triggering further systematic selling. Outside crypto, the macro setup is providing a soft floor. U.S. equity futures are green, up 0.4%, after Friday's weak jobs report lifted expectations for a Fed MSCI Asia Pacific Index erased early losses, Hong Kong tech stocks broke a 7-day losing streak, and Treasury yields inched up, with 10-year paper at 4.24%. Oil drifted lower after OPEC plus wrapped up a wave of production hikes, while the dollar weakened in to access your portfolio
Business Insider
29-07-2025
- Business
- Business Insider
BTSE Sponsors Major Blockchain Conferences in Vietnam, Reinforcing Commitment to Southeast Asian Market
Ho Chi Minh City, Vietnam, July 29th, 2025, Chainwire BTSE, a leading digital asset technology company, today announced its sponsorship of two prominent blockchain conferences in Vietnam: GM Vietnam 2025 and Conviction 2025. This strategic move underscores BTSE's dedication to expanding its presence in the rapidly growing Southeast Asian market. Vietnam's crypto market is rapidly emerging as a major force in the global digital asset landscape, driven by a youthful, tech-savvy population and strong community growth. With an estimated 21–27% of the population — nearly 16 million users — actively engaged in cryptocurrency by 2025, Vietnam ranks among the world's top countries for crypto adoption. Government initiatives, including a national blockchain development strategy underscore Vietnam's commitment to supporting the sector's continued expansion. These dynamics position Vietnam as a key regional hub and innovative leader in both cryptocurrency adoption and blockchain technology implementation. BTSE's participation in GM Vietnam 2025 and Conviction 2025 will provide invaluable opportunities to connect with industry leaders, innovators, and the vibrant Vietnamese blockchain community. These events are crucial platforms for sharing insights, discussing emerging trends, and showcasing BTSE's commitment to providing secure and innovative solutions. "We are thrilled to be a Silver Sponsor of both GM Vietnam 2025 and Conviction 2025," said Jeff Mei, Chief Operating Officer at BTSE. "Vietnam is a dynamic and exciting market for blockchain technology, and these flagship industry conferences are vital for driving further adoption and collaboration. Our commitment to this region is steadfast, and we look forward to contributing to the growth and development of its thriving crypto ecosystem." GM Vietnam 2025, scheduled for August 1-2 in Hanoi, will bring together thousands of blockchain enthusiasts, developers, and entrepreneurs for a series of workshops, keynotes, and networking events. Conviction 2025, set for August 9-10 in Ho Chi Minh City, will focus on innovation and the integration of AI with blockchain technology. BTSE will have a prominent presence at both events, featuring sponsorship of key afterparties and side events. This sponsorship is a testament to BTSE's belief in the long-term potential of the Vietnamese market and its role in shaping the future of decentralized technologies. About BTSE BTSE Group is a global blockchain technology and fintech company founded in 2018, offering cryptocurrency infrastructure solutions such as exchange services, payments, and enterprise tools. BTSE operates a robust platform supporting over 200 cryptocurrencies and access to perpetual futures markets in select jurisdictions. With a monthly trading volume exceeding $30 billion globally, BTSE also offers enterprise solutions, enabling businesses to create custom white-label exchanges, wallets, and payment gateways. BTSE serves both retail and institutional clients worldwide. For more information:
Yahoo
22-07-2025
- Business
- Yahoo
What Are Traders Saying as Solana Reclaims Spotlight? ETH, DOGE, ADA See Profit-Taking
Ether (ETH) extended its climb over the weekend, jumping past $3,770 as capital shifted from bitcoin (BTC) to major tokens. The move continues a trend that has defined July trading, with slow, steady gains for BTC alongside large breakouts across Layer 1s and decentralized finance (DeFi) tokens. Bitcoin held firm above $117,400, gaining a little over 1% in the past 24 hours. XRP (XRP), BNB (BNB), dogecoin (DOGE) and Cardano's ADA (ADA) showed mixed movements as traders took profits, while Solana's SOL (SOL) surged 8% to $203, its highest price level since late February. The strength in SOL came as ecosystem player Jito introduced the Block Assembly Marketplace (BAM) in a move that some observers said boosted investor interest in SOL, as CoinDesk reported. DeFi bluechips like Uniswap and Aave have posted 20%–30% jumps in the past week. Jeff Mei, COO at BTSE, attributed this to a mix of strong ETF inflows and optimism over the GENIUS Act, a legislative proposal expected to clarify the regulatory path for DeFi platforms. 'Investors are rotating into Ethereum en masse, which explains its sustained rally over the weekend. Bitcoin still remains strong at $117,000, but it's clear that momentum has shifted towards Ethereum - the Ethereum ETFs are seeing record inflows,' Mei said in a note to CoinDesk. 'This makes sense as Ethereum is still trading well below its all-time highs and traders believe it will close the gap in the coming months,' Mei added. At current prices, ETH is still nearly 25% below its record high from 2021, providing swing traders with a defined target to aim for. As bitcoin cools near its recent highs, some fund managers are already rotating capital into ether, betting that it's next in line for a breakout. Part of that optimism stems from the growing role of ETH in institutional portfolios, especially as U.S. spot ETFs see accelerating inflows. 'We expect that Ethereum will climb back higher against BTC due to institutional support of new reserve strategies while investors fear missing out on an ETH surge similar to Bitcoin's rush to $120,000 this year,' said Nassar Al Achkar, chief strategy officer at CoinW, in a Tuesday note. Meanwhile, some say that global markets are flashing early signs of a renewed inflationary cycle. Long-dated yields are holding firm at elevated levels across major economies, while inflation breakevens — a key measure of future price pressures — have quietly climbed back to multi-year highs. 'Inflation expectations have creeped back in with long-dated yields staying elevated globally, while inflation breakevens have climbed back to the highest level in years as financial conditions stay loose,' Augustine Fan, head of insights at SignalPlus, said in a Telegram message. 'Crypto has certainly not shied away from our own FOMO moment. It certainly feels like that the good days are back until further notice,' Fan in to access your portfolio
West Australian
14-07-2025
- Business
- West Australian
Bitcoin hits new record high: Crypto coin soars in value to over $180,000 fuelled by ETFs
Bitcoin extended a rally to rise to a new record above $US120,000 ($182,000) Monday, fuelled by a rally in bitcoin ETFs. The price of the largest cryptocurrency by market capitalisation briefly topped $US121,249.90, according to data from Coin Metrics. The rally has seen bitcoin reach new highs amid more inflows into bitcoin ETFs. On Thursday, bitcoin ETFs had logged their biggest day of inflows in 2025 at $US1.18 billion. 'We believe that Bitcoin's surge is driven by longer-term institutional buyers and this will propel it to $1US25k in the next month or two,' Jeff Mei, chief operating officer at cryptocurrency exchange BTSE, said in a statement sent to CNBC. 'Trump's trade disputes with the likes of the EU, Mexico, and other trading partners could cause dips in the week ahead, but it's likely that Bitcoin's institutional buyers are discounting this risk and maintaining their positions that Bitcoin will still appreciate in the long run,' he added. Investors have been anticipating bitcoin to hit new records this year as corporate treasuries accelerate their bitcoin buying sprees and US Congress nears the passing of new crypto legislation. The US House of Representatives will begin deliberating on a series of crypto bills on Monday aimed at providing a clearer regulatory framework for the digital asset industry. The policy had been long sought by the industry, and is supported by US President Donald Trump, who has branded himself as a pro-crypto President and is involved in several crypto ventures.
Yahoo
07-07-2025
- Business
- Yahoo
Dogecoin Pops 6% to Lead Majors Gains as Bitcoin Nears $110K on Fresh Rate-Cut Optimism
Dogecoin (DOGE) surged over 6% in the past 24 hours to lead gains among major cryptocurrencies, as bitcoin (BTC) bounced toward the $110,000 mark on renewed rate-cut hopes and easing fears around looming U.S. tariffs. The rally came after U.S. officials clarified that President Trump's long-anticipated tariff hikes would not go into effect immediately, giving countries more time to negotiate. The initial July 9 deadline sparked concerns over a sharp deterioration in global trade, but Treasury Secretary Scott Bessent said on Sunday that nations without a deal would likely receive a three-week extension to reach agreements before the new levies take effect on August 1. 'Markets are rallying after it was revealed countries will have more time to negotiate before tariffs take effect,' said Jeff Mei, COO at BTSE, in a Telegram message. 'If we see a soft CPI print on Tuesday, that could open the door for a Fed rate cut later this year.' The clarification helped stabilize risk sentiment heading into a crucial week. Traders are now watching Wednesday's U.S. inflation data for signals that could support a dovish pivot from the Federal Reserve. A lower-than-expected CPI print could boost the case for a rate cut as early as September, helping crypto and risk assets extend their rebound. Bitcoin gained 1.1% over 24 hours to trade above $109,000, while ether (ETH) added 2.5% to reach $2,570. Other majors, including Solana's SOL (SOL), XRP (XRP), Cardano' ADA (ADA), and Tron's TRX (TRX) posted 2%-4% gains, supported by strong inflows and improving sentiment. 'The BTC bounce and ETH inflows show traders are rotating into long-term value assets,' said Eugene Cheung, Chief Commercial Officer at OSL, said in a Telegram message. 'We expect more investors to seek shelter in crypto as macro volatility builds.' 'We're optimistic that more investors will look to Bitcoin and Ethereum to escape macro volatility and potential inflation increases as the Fed signals high potential to cut interest rates this year,' Cheung added. Dogecoin's outperformance marks a sharp return of retail enthusiasm, with trading volumes crossing $1.5 billion in the past 24 hours (relatively high for a weekend after an otherwise flat week), as known-backer Elon Musk unveiled plans for an 'America Party.'Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
