Bitcoin is once again in the spotlight as REX Shares launches a new ETF designed to provide investors with indirect exposure to the cryptocurrency. This innovative fund, known as the
Cryptocurrency enthusiasts must stay informed about pivotal market indicators. The latest insights delve into BNB and Solana , shedding light on their fair values amid current market shifts. This analysis promises a closer look at which of these coins might be poised for significant gains. Stay tuned for crucial information that could influence trading decisions. BNB Market Dynamics: Short-Term Dip and Gradual Six-Month Recovery BNB experienced a significant decline over the past month, with a drop of nearly 10% and a week-long decrease close to 3%. In the last six months, the coin has managed a modest rebound of around 4.6%, fluctuating primarily between $486.77 and $711.17. These fluctuations highlight a market characterized by volatility and mixed investor sentiment. Currently, BNB is hovering just above support near $385.23 while testing resistance around $834.03. Short-term bears appear to have the upper hand as technical indicators lean slightly negative, and no clear trend has emerged. Traders should keep an eye on potential bounces from support or a breakout above resistance as signals for renewed bullish momentum. Solana Market Dynamics: Past Movements and Key Levels Solana experienced a sharp decline over the last month with a 36.69% drop and a 12.61% loss in just one week. Over the past six months, the coin saw a milder downturn of 8.74%, reflecting a contrast between recent volatility and a steadier longer-term performance. The price has fluctuated between $104 and $213, revealing notable swings that have characterized its recent history. Current levels show support at $60.77 and resistance at $277.85, with a second resistance point at $386.39. Negative readings from momentum and oscillators, alongside an RSI at 37.17, indicate bearish pressure dominates the market without a clear trend. Trading ideas include watching for a rebound near support or a decisive break above resistance. Conclusion BNB and SOL show stable performance under current conditions. BNB's position remains strong with its use in trading fees and DeFi projects. SOL continues to gain traction due to its speed and lower costs. Both coins have potential for growth despite market shifts. These assets offer steady value based on their current use cases and demand. Tracking their progress will be key for understanding their future valuation. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitcoin and other cryptocurrencies have remained in a strong downtrend this year, shedding over $1 trillion in value. Bitcoin ( BTC ) has crashed from the year-to-date high of $109,300 to $82,000, while popular altcoins like Ethereum ( ETH ), Ripple ( XRP ), and Cardano ( ADA ) have had deeper dives. Crypto prices have fallen due to rising fear in the financial markets. The crypto fear and greed index has dropped to the extreme fear zone of 19. Similarly, the fear gauge tracked by CNN Money has dropped to 20. The main catalyst for this sell-off is growing concern that the United States is heading toward a self-inflicted recession due to Donald Trump’s tariffs . These fears have outweighed positive news in the crypto industry. For example, the Securities and Exchange Commission has ended numerous lawsuits affecting companies like Uniswap, Kraken, and Coinbase. Further, Donald Trump has signed an executive order to create a strategic Bitcoin reserve and digital coins stockpile. Also, more institutional investors like Citadel, Blackrock, Rumble, and Trump Media have started to acquire Bitcoin. You might also like: Rumble makes $17.1m purchase of 188 Bitcoin Bitcoin and altcoins could face further declines if the S&P 500 index forms a death cross pattern — a technical formation that occurs when the 50-day and 200-day moving averages cross each other. This pattern often signals the start of a prolonged bear market. The spread between the 50-day and 200-day weighted moving averages (WMA) of the S&P 500 index has continued to narrow. The 50-day WMA is at $5,900, while the 200-day WMA is at $5,857. A crossover would likely lead to further downside, as the index dropped 23% the last time it formed this pattern in 2022. S&P 500 index chart | Source: TradingView The S&P 500 index is often seen as a reliable indicator for the crypto market since both are considered risky assets and tend to move in correlation. Bitcoin price has already formed a death cross BTC price chart | Source: crypto.news Meanwhile, Bitcoin’s price has already formed a death cross, with the 50-day and 200-day moving averages crossing each other. This cross happened after Bitcoin dropped below key support at $89,000 — the neckline of the double-top pattern at $108,500. A double top is one of the most bearish patterns in technical analysis. Therefore, the most likely scenario is that Bitcoin drops to either $73,722 or $68,960 before bouncing back. The initial target is the highest swing in March last year, while the second is the highest point in November 2021. A potential catalyst that may prevent further S&P 500 and crypto market crash is the upcoming Federal Reserve interest rate decision next week. A more dovish tone as the US dollar index and the bond market suggests would likely lead to a rebound. You might also like: Sei price bottoms as DeFi TVL hits ATH despite the crypto crash
Bitcoin (BTC) in stealth bear market, and Peter Schiff proves why
Bitcoin’s attempts at a bullish divergence have drawn mixed reactions, particularly as gold emerges as a beacon of stability amidst market volatility. Despite Bitcoin’s recent price movements, gold has surged
Bitcoin ( BTC ) circled $83,000 at the March 14 Wall Street open as traders set out requirements to flip bullish. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price RSI teases key “bullish divergence” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining up to 5% on the day before consolidating. A characteristic lack of momentum at the start of the US trading session persisted, with risk assets still wary of macroeconomic and geopolitical surprises, notably in the form of US trade tariffs. Assessing the current status quo on the daily BTC/USD chart, popular trader and analyst Rekt Capital reported increasing odds of a bullish divergence playing out on the relative strength index ( RSI ) metric. Here, RSI should make higher lows as the price forms lower lows to indicate waning seller dominance. “Promising early-stage signs of a Bullish Divergence developing,” he wrote in one of the day’s posts on X. “Reclaiming the previous lows of $84k could set price up to further build out this Bull Div.” BTC/USD 1-day chart with RSI data. Source: Rekt Capital/X Another post flagged a key horizontal resistance line currently under attack from bulls. “Bitcoin continues to Daily Close below the blue resistance. However, each rejection from this resistance appears to be weakening in terms of follow-through to the downside,” Rekt Capital commented. “If this weakening in the resistance persists... This should open up the opportunity for BTC to finally Daily Close above this $84k resistance, reclaim it as support, and finally trend continue to the upside.” BTC/USD 1-day chart with RSI data. Source: Rekt Capital/X Keith Alan, co-founder of trading resource Material Indicators, meanwhile focused on the 21-day and 200-day simple moving averages (SMAs). At the time of writing, these stood at $83,740 and $86,800, respectively. “BTC is poised to make another run at reclaiming the 200-Day MA, but it will only count if we get a sustained close above it, AND it is closely followed by an R/S Flip at the 21-Day MA,” an X post on the topic read. BTC/USD 1-day chart with 21, 200SMA. Source: Cointelegraph/TradingView Alan referenced one of Material Indicators’ proprietary trading tools, calling for an increase in “bullish momentum.” “Notice how Trend Precognition's A1 Slope line is showing a developing momentum shift,” he commented alongside a corresponding chart. “Reverting from downward momentum is step 1. We need to see an increase in bullish momentum from here, with bids moving higher to stage a sustainable rally.” BTC/USD 1-day chart. Source: Keith Alan/X Gold leaves Bitcoin in the dust Elsewhere, the S&P 500 saw some welcome relief at the open after dropping 10% from its latest all-time highs to officially begin a technical correction. Related: Bitcoin panic selling costs new investors $100M in 6 weeks — Research Meanwhile, gold set new record highs of over $3,000 per ounce as investors sought shelter from turbulent macro conditions. As Cointelegraph reported , Bitcoin broke a key long-term trendline against gold as its relative underperformance in 2025 became all the more visible. XAU/USD 1-day chart. Source: Cointelegraph/TradingView This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
REX Shares, an exchange-traded fund (ETF) provider with over $6 billion in assets under management (AUM), launched its Bitcoin ( BTC ) Corporate Treasury Convertible Bond (BMAX) ETF that invests in the convertible bonds of companies with a BTC corporate reserve strategy. According to the March 14 announcement, the ETF will purchase the convertible notes of companies such as Strategy . Convertible notes are commercial paper that can be converted into equity at a predetermined rate if an investor chooses. Typically, these convertible bonds are purchased by institutional investors, including pension funds, some of which specialize in convertible note investing. Greg King, CEO of REX Financial, said: “Until now, these bonds have been difficult for individual investors to reach. BMAX removes those barriers, making it easier to invest in the strategy pioneered by Michael Saylor — leveraging corporate debt to acquire Bitcoin as a treasury asset.” Investing in convertible bonds, ETFs and the equity of companies such as Strategy, MARA and Metaplanet provides investors with indirect exposure to Bitcoin that removes the technical barrier to entry and self-custodial risks of holding BTC directly. Strategy co-founder Michael Saylor, who popularized corporate Bitcoin treasuries, speaks about the merits of BTC. Source: Cointelegraph Related: Michael Saylor’s Strategy to raise up to $21B to purchase more Bitcoin Strategy a proxy Bitcoin bet for institutional investors Institutional investors may lack the technical sophistication to hold BTC directly or have legal or fiduciary constraints preventing them from investing in digital assets. At least 12 US states currently hold Strategy stock as part of their state pension funds and treasuries. Collectively, these states hold over $271 million in Strategy stock using current market prices. The list comprises Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah and Wisconsin. California’s State Teachers’ Retirement Fund and its Public Employees Retirement System hold $67.2 million and $62.8 million in Strategy stock, respectively. Strategy’s Bitcoin purchases in 2025. Source: SaylorTracker According to SaylorTracker , Strategy currently holds 499,096 BTC, valued at over $41.4 billion, making the company one of the largest corporate BTC holders in the world — eclipsing the US government’s estimated 198,000 BTC. Strategy’s most recent Bitcoin purchase occurred on Feb. 24, when the company acquired 20,356 BTC for nearly $2 billion. Magazine: ‘China’s MicroStrategy’ Meitu sells all its Bitcoin and Ethereum: Asia Express
REX Shares has launched a first-of-its-kind convertible-bonds exchange-traded fund (ETF), allowing investors exposure to the convertible debt issued by corporates to add bitcoin to their balance sheet. Called the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), the fund is necessarily mostly made up of convertible paper issued by Michael Saylor's Strategy (MSTR), by far the largest issuer of such debt. Other top 10 holdings include the convertible notes of bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT). “Until now, these bonds have been difficult for individual investors to reach,” said Greg King, CEO of Rex Financial, in a statement . “BMAX removes those barriers, making it easier to invest in the strategy pioneered by Michael Saylor — leveraging corporate debt to acquire Bitcoin as a treasury asset.” The fund officially launched today, and trades on the Nasdaq. It has a gross expense ratio of 0.85% and was seeded with $25 million in assets. Shares of the ETF are higher in early trading as bitcoin has rallied from an overnight low of around $80,000 to above $84,000.
Hong Kong ‘s blockchain application and software sector has experienced a substantial 250% increase since 2022, according to a recent report published by InvestHK and partner organizations. This surge underscores the city’s growing prominence as a hub for fintech and digital asset development in Asia. Blockchain Sector Leads Hong Kong’s Fintech Expansion The report, which analyzed 1,100 fintech companies operating in Hong Kong in July 2024, shows significant growth across various fintech sub-sectors. With 175 blockchain companies now operating in Hong Kong, the sector has seen significant growth, particularly among application/software firms, which have expanded by 250% in the last two years. The digital asset and cryptocurrency sector also saw a nearly 30% increase, reflecting the impact of Hong Kong’s progressive policies on digital assets and Web3 , which were initiated in October 2022. Hong Kong’s blockchain sector, with 175 companies, grew 250% in two years. Source: The Hong Kong Fintech Ecosystem Report 2025 Massive Growth Projected for Hong Kong’s Fintech Market Hong Kong has established itself as a leading financial center, ranking first in Asia Pacific and third globally in the Global Financial Centers Index (GFCI) 36 report. Since 2015, the Hong Kong government has invested significantly in fostering the fintech sector. Projections indicate the Hong Kong fintech market’s revenue could reach $606 billion by 2032, with an anticipated annual growth rate of 28.5% from 2024 to 2032. According to the report, Hong Kong currently holds the highest number of fintech companies in wealthtech, blockchain, digital asset and cryptocurrency, and payment and remittance, as well as in other fintech enterprise solutions. The survey also highlighted the prevalence of artificial intelligence (AI) within the fintech landscape, with over 73% of participating companies operating in this sub-sector. Additionally, nearly 45% are involved in accelerator and innovation labs and 41.5% in the digital asset and cryptocurrency space. AI dominates Hong Kong’s fintech, with over 73% of companies involved. Source: The Hong Kong Fintech Ecosystem Report 2025 Hong Kong’s Regulatory Steps Hong Kong’s proactive approach to blockchain and innovation is evident in its regulatory framework and initiatives. In October 2022, the Financial Services and the Treasury Bureau (FSTB) issued a policy statement recognizing the potential of virtual assets and distributed ledger technologies (DLT). A new licensing regime for virtual asset trading platforms (VATPs), operating under the principle of “same activity, same risks, same regulation,” took effect on June 1, 2023. As of February 2025, Hong Kong has 10 SFC-licensed VATPs , with 8 more applications pending. Further demonstrating its commitment to digital asset development, Hong Kong listed the first Bitcoin ( BTC ) and Ether ( ETH ) futures exchange-traded funds (ETFs) in Asia in December 2022, and issued the world’s first government tokenized green bonds in February 2023, with a second issuance in February 2024 . In April 2024, Hong Kong launched the first spot Bitcoin and Ether ETFs in Asia. The Securities and Futures Commission (SFC) has also streamlined the licensing process for VATPs, announcing a revamped second-phase assessment in January 2025 . In February 2025, Hong Kong’s SFC unveiled “ASPIRe,” a 12-point roadmap to solidify the city’s position as a global virtual asset hub. This plan focuses on boosting security, innovation, and growth by refining regulations, expanding services, and enhancing investor protection. The post Hong Kong Blockchain Sector Surges 250% Since 2022: Report appeared first on Cryptonews .