Huobi Co-Founder: We’re at Early Stage of Bitcoin Bear Market, Next Bull Run ...
The co-founder of crypto exchange Huobi has shared his view about the current state of the bitcoin market and when the next bull run will be. “We are now at the early stage of a bear market,” he said, expecting the next bitcoin bull market to be around the end of 2024 or the beginning of 2025. Huobi’s Executive on the Next Bitcoin Bull Market Du Jun, co-founder of cryptocurrency exchange Huobi, discussed when the next bitcoin bull market might be in an interview with CNBC, published Sunday. The exchange executive explained that bitcoin bull....
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Huobi Group, one of the largest blockchain companies in the world, announced earlier this week that it would launch Huobi Ventures, a new subsidiary that will focus on Huobi’s investment portfolio in the blockchain space. With a $100 million portfolio, the Chinese subsidiary group will look to invest in early-stage blockchain and decentralized finance (DeFi) […]
Rui Ma is an early-stage investor in technology companies with the global accelerator program and seed fund 500 Startups. Residing in Beijing, she is an active member of China's bitcoin community. Some bitcoiners might still remember when BTC China was the dominant bitcoin exchange in China. Well, those days are long gone. These days, newer exchanges Huobi and OKcoin regularly top the charts for trading volume. Monday, for example, their 24-hour volumes are at 106,942 and 126,973 respectively, third-place CHBTC is at 35,349, while BTC China lags far behind at 4,344. Huobi, in particular,....
The Bitcoin rally is still at an early stage, according to one key metric, despite the overnight pullback. The price of Bitcoin (BTC) saw a minor correction on the day as the global stock market pulled back. The top cryptocurrency dropped by nearly 8% in the last 24 hours, retracing most of the gains it recorded during yesterday's rally on March 3.Bitcoin bull run is still at an early to mid stageAccording to William Clemente, a cryptocurrency analyst, Glassnode's Reserve Risk indicator shows that Bitcoin's rally is still in the early to middle stage.As Clemente explains, the Reserve Risk....
The crypto market has taken a beating recently and Cardano has been one of the worst-hit digital assets. This has sparked fear across the market where investors are lamenting that the crypto space is finally headed into another bull market. Cardano Founder Charles Hoskinson has taken to addressing these bear market concerns, or rather, confirming […]
Following up on the weekend look at Bitcoin’s long term price chart, we will look again today at the long term (8 day candle) chart of BTC, per Kraken. Over the weekend we looked at a Bull Setup. As we saw, that setup suggests a bull move that will likely last several more months. But of course, it goes without saying that there are both bulls and bears in the market at pretty much any given moment. I expect that is well understood by everyone reading this article. So, it is not enough to just look at a bull setup as we did in my last article. We want to gauge bear strength also. So let’s....