Altcoins up, but Bitcoin ranging amid fears of pullback
Altcoins up, but Bitcoin ranging amid fears of pullback
In the latest edition of Bitfinex Alpha, it is reported that altcoins are up while Bitcoin remains ranging. There are fears of an extended pullback in the market. This comes after Bitcoin reached $38,000 last week, but caution is advised due to high market volatility.
We saw a positive week, with Bitcoin topping $38,000 🚀 But Bitfinex Alpha warns that a pullback could be on the cards! High market volatility is also adding to the mix, suggesting that caution would be prudent. Get the details now: go.bitfinex.com/Alpha80p7T
Institutional involvement in #Bitcoin is becoming increasingly evident while short-term HODLers are realising profits 💰 Get all the insights from this week’s Bitfinex Alpha now! 📩 go.bitfinex.com/Alpha78p3T
Bitfinex Alpha is out! #Bitcoin and Ether have been top performing crypto assets this year, outstripping traditional assets easily. Take a look at their remarkable resilience and growth that have significantly outpaced traditional investments! go.bitfinex.com/Alpha79p3T
Altcoins are up but $BTC is ranging, amid fears of an extended pullback 📊 Read all about the state of the markets in the latest edition of Bitfinex Alpha: go.bitfinex.com/Alpha81p3T
In Bitfinex Alpha, we look not only into the cryptocurrency markets, but also analyse the general markets and the latest news ✅ Stay informed and updated, sign up to get your Bitfinex Alpha every week! go.bitfinex.com/Alpha79p13T
Bitcoin Bounces Back as ETF Flows Turn Positive
Bitcoin recovered from $112K lows to $115.8K, driven by a shift from ETF outflows to $769M net inflows over 3 days. The recovery was supported by crypto treasury firms holding nearly $90B in assets. Key points: - Price broke above $119.5K resistance level - Previous week saw $1.1B in long liquidations - Market showing resilience despite recent volatility The bounce suggests institutional confidence remains strong despite recent market turbulence. However, traders should monitor if the price can maintain momentum above key resistance levels.
Bitfinex Hosts AMA with Polygon CEO to Discuss MATIC to POL Transition
Bitfinex announces an exclusive AMA session with Polygon CEO Sandeep Nailwal on August 8 at 6PM UTC via Telegram. Key Details: - Focus on Polygon's transition from MATIC to POL token - Hosted by BitFreedomGus on Bitfinex's Telegram channel - Community members can submit questions in advance The AMA will provide insights into Polygon's strategic rebrand and future developments. Join the discussion at [Bitfinex Telegram](https://t.me/bitfinex).
Liquid Network Launches Simplicity Smart Contract Language for Bitcoin
Blockstream's Liquid Network has introduced Simplicity, a new smart contract programming language designed specifically for Bitcoin. This development represents a significant step in expanding Bitcoin's smart contract capabilities. Key points: - Simplicity offers a secure and flexible alternative to Ethereum's Solidity - The language enhances Liquid Network's technical capabilities - Integration enables smart contract functionality while maintaining Bitcoin's security model Learn more about Simplicity's features and potential impact on the Bitcoin ecosystem in the [official announcement](https://blog.bitfinex.com/education/what-can-simplicity-bring-to-the-liquid-network/)
Latin American Institutions Eye Crypto Adoption Amid Regulatory Challenges
Latin American financial institutions show growing interest in digital assets, though regulatory uncertainty remains a key barrier to widespread adoption. - El Salvador's clear regulatory framework serves as a model for regional development - Colombia sees expansion in institutional participation, tokenization initiatives, and stablecoin usage - Bitfinex Business Day and CriptoLatinFest events highlight growing infrastructure development The region demonstrates strong potential for crypto integration, particularly in institutional settings, as regulatory frameworks continue to evolve. [Watch the full discussion](https://youtu.be/TPlCkp95vo8)
SEC Launches Project Crypto to Modernize US Digital Asset Regulation
SEC Chair Paul Atkins has announced Project Crypto, a comprehensive initiative to modernize U.S. securities regulation for the blockchain era. The project aims to address regulatory ambiguity that has pushed innovation offshore. Key components include: - Framework for tokenized securities and stablecoins - Support for compliant ICOs and airdrops - Updated custody rules affirming self-custody rights - Regulatory structure for crypto super-apps - Innovation exemptions for new technologies The initiative acknowledges growing institutional interest in tokenization from Wall Street firms and tech companies. Project Crypto seeks to position the U.S. as a leader in tokenized finance while maintaining appropriate regulatory oversight.