01499 OKG TECH
- 0.200
- +0.004+2.04%
OKG TECH News
Digital currency miners have felt the pressure to “halve”. The next step is to throw away Bitcoin to decompress?
According to research firm Kaiko, the cryptocurrency market may face greater selling pressure as the income of Bitcoin miners with large digital currency assets falls sharply. “If miners are forced to sell even a small portion of their assets next month, it will have a negative impact on the market. During the summer months, trading activity usually slows down, and liquidity is insufficient.”
Standard Chartered is bullish on Bitcoin: it will rush to $150,000 by the end of the year, Trump's victory is a positive factor
① Geoff Kendrick, head of foreign exchange research and digital asset research at Standard Chartered Bank, believes that Bitcoin will reach 150,000 US dollars by the end of the year; ② He believes that if Trump wins the November presidential election, it will be positive for Bitcoin; ③ he also pointed out that as investors seek alternative assets, digital assets will receive more support.
Over 3.6 trillion dollars of market capitalization evaporated! Bitcoin may face the longest continuous decline in the year
On May 10, 2024, Coinmarketcap data showed that since the Bitcoin price hit an all-time high of 7,3798 US dollars in mid-March, its price trend has continued to fluctuate and decline for 2 months. Currently, the price is hovering around 62,000 US dollars.
Changes in Hong Kong stocks | OSL Group (00863) fell nearly 5%, leading the decline in virtual currency stocks, the US SEC postponed making a decision on spot Ethereum ETF
The Zhitong Finance App learned that virtual currency stocks fell sharply. As of press release, OSL Group (00863) fell 4.64% to HK$7.4; Oke Cloud Chain (01499) fell 2.39% to HK$0.204; and Meitu (01357) fell 1.71% to HK$3.44. According to the news, the US SEC has delayed making a decision on the proposed Invesco Galaxy spot Ethereum ETF. The SEC has set the next deadline for approving or rejecting the proposed spot Ethereum ETF as July 5, 2024. Over the past few months, the SEC has approved such
Bitcoin returns above 64,000: from fear to greed in just one weekend
Just as fast as the Bitcoin market returned, investor confidence seemed to quickly recover over the weekend.
Bitcoin Faces Its Worst Month Since FTX Crash! Is the price pullback an opportunity or a trap?
Bitcoin is experiencing its worst month since Sam Bankman-Fried's FTX empire collapsed as the US exchange-traded fund (ETF) frenzy over the biggest digital asset subsides. Bitcoin fell nearly 14% in April, the biggest monthly decline since falling 16 in November 2022.
Officially announced the listing transaction at the end of April! Harvest, Huaxia Bitcoin ETF, and Ether ETF officially approved
It is expected to be officially listed and traded at the end of April.
The words are amazing! US presidential candidate: The national budget will list blockchain to allow 300 million people to jointly monitor and inspect
US presidential candidate JFK Jr. said that the national budget will be listed on the blockchain so that Americans can check it 24 hours a day.
“Halving” reduces the supply of new tokens, and Bitcoin mining companies may face loss of revenue
As the Bitcoin system update, known as the “halving,” has been completed, companies that make money by ensuring the smooth and safe operation of the digital currency's functions may experience a potential impact.
Bitcoin has been “halved” every four years! Komo warns: this will be the beginning of a sharp decline...
① Bitcoin's “halving” was finally completed last Saturday. J.P. Morgan analysts expect Bitcoin's price to fall after the halving due to the early pricing in the market. ② Analysts pointed out that the Bitcoin market is currently overbought, venture capital financing is sluggish, mining companies are facing declining revenue and may seek relocation or mergers. Although the market is optimistic about Bitcoin's price increase before the end of the year, there are downside risks in the short term.
The latest announcement from the United Kingdom and the US! The global market experienced a huge shock, and 10,000 people instantly burst out of positions
News of Israel's attack on Iran has caused global assets to “buzz”, and stock markets such as Japan, South Korea, the Philippines, and Vietnam, which are currently trading, fall rapidly.
Less than 24 hours until Bitcoin is cut in half! Komo and Deutsche Bank both “pour cold water”
Komo and Deutsche Bank do not agree that the price of Bitcoin will rise sharply after being halved.
Changes in Hong Kong stocks | Meitu (01357) fell more than 5% to lead the decline, Bitcoin concept Bitcoin once fell below $60,000, the big bank said the impact of the halving had already been reflected
Bitcoin concept stocks were collectively lower. As of press release, Meitu (01357) fell 4.95% to HK$2.88; Ouke Cloud Chain (01499) fell 3.7% to HK$0.26; OSL Group (00863) fell 3.13% to HK$9.3; and Blue Port Interactive (08267) fell 1.54% to HK$0.64.
Will the price of Bitcoin rise sharply after being halved? Komo and Deutsche Bank disagree
J.P. Morgan Chase and Deutsche Bank believe that the positive impact of Bitcoin's upcoming “halving” of software updates every four years is already largely reflected in the price.
Bitcoin fell below $60,000! Can the halving incident still cause the market to “rise” again?
① Bitcoin once fell to $59,900 on Wednesday, down more than 15% from its all-time high; ② analysts pointed out that this round of pullback may not be over until further upward signals are seen; ③ The Bitcoin halving event is expected to occur around April 20, but the market doubts that the increase driven by this halving may not be too obvious.
On the eve of the fourth “halving”, Bitcoin once fell below the $60,000 mark
Bitcoin may be on the eve of its fourth “halving” this Friday. It once fell below 60,000 US dollars in the intraday session on Wednesday, a new low since March 6, and fell by about 4% during the day.
Bitcoin halved, probably on Friday! The impact is not limited to currency prices
Analysts believe that “halving” may be one of the drivers of the rise in the crypto market this year. “Halving” also directly affects miners' income, which is bad for miners' stock prices.
Two technical maps of Elliott Wave: Bitcoin has “bottomed out” as expected, flashing 98,000 potential bull flags!
Analysts said that since the Bitcoin price peaked, it has bottomed out as expected, and has flashed a signal of a potential bull market of 98,000 dollars.
The Big Three Fund Officially Announced! Bitcoin ETF application approved!
The number of publicly funded companies setting up Bitcoin business in Hong Kong has increased to 4.
Bitcoin ETF's ability to suck in gold is full! Pushing Bitcoin's share in the crypto sector to a new high since 2021
Bitcoin, a cryptocurrency, accounts for more than half of the $2.4 trillion crypto market. To a certain extent, this reflects the market's demand for Bitcoin spot ETFs approved by the US SEC and the decline in the market value of smaller tokens.
Analysis
Price Target
No Data
