Bitcoin is showing an inverse head-and-shoulder pattern as Fed rate cuts approach.
All asset classes feel the influence of the Federal Reserve, particularly during a rate-cut cycle. This includes cryptocurrencies, with Bitcoin being the standout, as it’s both the largest and the most closely watched. Now, you might wonder why Bitcoin matters, especially for those not actively trading it. Well, it’s become quite significant and, some might […]
Hong Kong to launch Asia’s first inverse Bitcoin ETF – Cointelegraph
On July 23, the CSOP Bitcoin Futures Daily (-1x) Inverse product (7376.HK), Asia’s first Bitcoin futures inverse product, will be launched in Hong Kong. A new exchange-traded fund (ETF) from CSOP Asset Management, one of China’s largest asset managers, aims to give investors a way to profit from falling Bitcoin (BTC) prices. The development follows […]