Crypto is Having a Great Week!

[jemmanuel]

This week, the crypto market has been buzzing with energy and optimism! Here's a quick snapshot of what’s been going on:

Crypto Weekly Summary

Here’s a quick recap of the crypto highlights based on the headlines:

1. Hong Kong’s Crypto Growth: Venture capitalists like Edith Yeung foresee big opportunities for crypto in Hong Kong, with building liquidity being a key focus for the region to become a crypto hub.

2. Bitcoin Gains and Risks:

• Bitcoin buyers saw an average of 40% gains last year.
• Bitcoin’s computing power is climbing, potentially hitting a major milestone ahead of its next halving.
• Analysts warn about the potential risks of Bitcoin’s “Shooting Star” pattern at record highs.

1. Cardano (ADA) Leads the Way: ADA surged by 12%, helping lift the crypto market index. Other coins like Internet Computer (ICP) also performed well.

2. Regulatory and Legal Updates:

• Do Kwon, a major figure in the crypto world, pleaded not guilty to fraud charges following extradition to the U.S.

1. Institutional Trends:

• BlackRock’s Bitcoin ETF recorded its largest outflow, signaling potential shifts in institutional investment sentiment.
  Broader Market Dynamics: SPX6900 reached record highs, though profit-taking was observed as investors weigh AI-driven market strategies.

Overall, it’s been a week of growth, caution, and significant global developments in the crypto space!

(My Hive Philippines Family)

Follow me on my social Media Accounts

• Facebook: Jaka Emmanuel Lumanao
• Twitter: @jemmanuel
• Instagram: @jakaemm
• Youtube: Jaka Vlogs
• Steem/Hive: @jemmanuel

Comments

[hivebuzz]

Congratulations @jemmanuel! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You distributed more than 34000 upvotes. Your next target is to reach 35000 upvotes.

_{You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP}

[hivebuzz]

Congratulations @jemmanuel! You received a personal badge!

Happy Hive Birthday! You are on the Hive blockchain for 7 years!

_{You can view your badges on your board and compare yourself to others in the Ranking}

Check out our last posts:

	Hive Power Up Day - February 1st 2025
	Distriator Infographic Contest - Win 300 HIVE and a badge!