| Mobile Web

Search results for Feb. 17

Crypto

Bitcoin nears $80,000 rally on spot buying, rising futures open interest

Bitcoin is increasing the likelihood of retaking $80,000, supported by stronger spot buying, expanding futures open interest and improved institutional flows. It rose 2.52 percent after retesting its 100-day exponential moving average, trading above $78,800. Spot cumulative volume delta climbed to 11,500 BTC, the highest since Feb. 17. Futures open interest rose 6.64 percent to 257,000 BTC. April bitcoin ETF inflows totaled $1.97 billion.

People

Korea Fintech Industry Association elects Kim Jong-hyun as sixth chairman

The Korea Fintech Industry Association said on Tuesday it elected Kucorn CEO Kim Jong-hyun as its sixth chairman at its regular general meeting held at the Korea Federation of Banks building. Kim was chosen through an on-site vote, winning 70.09 percent of ballots cast by member companies. His two-year term runs through Feb. 17, 2028. The association also elected other executives for its sixth board, including vice chair, directors and an auditor.

Crypto

Bitcoin at $10,000 or $500,000? Bears and bulls remain locked in standoff

Bitcoin has become the focus of market debate as projections split between a surge to $500,000 and a slide to $10,000. Bitcoin advocate Andrew Parrish calls recent declines an opportunity, citing extreme fear readings and ETF outflows as a chance to accumulate. Investor Rick Edelman also sees a path to $500,000 by 2030 through broader global allocation. Bloomberg Intelligence strategist Mike McGlone warns of an 85% drop.