Ethereum News by Thebittimes.Com

After Bitcoin (BTC) last week initiated a bullish streak that has led it to surpass an important psychological price level at $48,000, further, stronger gains could be in store as the flagship decentralized finance (DeFi) asset has entered a ‘Boom’ phase . Specifically, Bitcoin has left the “Green Triangle at the ‘Get Ready’ phase” and started its movement in the ‘Boom’ phase, which could send it to $130,000 and beyond this year, according to the analysis shared by pseudonymous cryptocurrency expert Trader Tardigrade in an X post on February 12. Bitcoin price action analysis. Source: Trader Tardigrade As it happens, this move is taking place as Bitcoin’s weekly candle close has made a new high (in the $48,000 area) for the first time in over two years , or since December 2021, as the crypto trading analyst observed earlier, and illustrated in the accompanying chart patterns.  Bitcoin weekly candle close. Source: Trader Tardigrade At the same time, renowned crypto analyst Ali Ma...

Author：Lily Editor：Colin Wu 1. A large number of Chinese crypto entrepreneurs have relocated to Singapore link A large number of crypto entrepreneurs from China have relocated to Singapore in the past year. Although Hong Kong is attracting them back, some people still think that Hong Kong policy is difficult to separate from Beijing, and is not attractive. 2. Matrixport’s weekly summary 2.1 Crypto billionaire Wu cuts jobs at one firm, loses CEO at other link Matrixport, a Singapore-based crypto financial services company owned by Jihan Wu, announced it would cut 10 percent of its workforce and is reshuffling the leadership of its Asset Management company, with the departure of Matrix Asset Management CEO Damien Loh and others. 2.2 Matrixport: bitcoin’s recent rally may be driven primarily by U.S. institutions link Matrixport analysis notes that almost all of Bitcoin’s 40% year-to-date gains have occurred during U.S. market trading hours; while Aptos has seen strong gains during both...