The Bitcoin (BTC) price is consolidating in the mid-$57,000s, down roughly 5% on the day, though up around 1.5% or $1,000 from earlier session lows as traders weigh the outlook for Fed rate cuts this year in wake of the latest policy announcement from the US central bank. As anticipated, the Fed left interest rates...
During the Asian session, Bitcoin (BTC/USD) trades at $57,520, reflecting a 1.25% decrease. This movement is positioned below the pivotal $59,328 mark and suggests a cautious, bearish outlook for the cryptocurrency. This price prediction hinges on key resistance and support levels that could dictate Bitcoin price prediction. Tax Fraud Allegations Against Roger Ver, Formerly Known...
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits remained flat in the week ended April 27th. The report said initial jobless claims came in 208,000, unchanged from the previous week\'s upwardly revised level. Economists had expected jobless claims to...
Analysts at cryptocurrency exchange Bitfinex predict the price of Bitcoin could consolidate for up to two months post-halving. The latest edition of the Bitfinex Alpha market report released on April 29 noted that Bitcoin could continue to be the price action benchmark for the crypto market in May and the leading indicator for the entire...
The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce Department on Thursday. The Commerce Department said the trade deficit narrowed to $69.4 billion in March from a revised $69.5 billion in February Economists had expected the trade deficit to inch up to $69.1 billion...
As the meme coin market shows signs of revival, Bitcoin also displayed robust market activity, trading at approximately $59,140 with a 24-hour trading volume of about $35 billion. The cryptocurrency has increased by around 3.25% in the last day, mirroring the gains seen in the recovering meme coin market. With its market capitalization holding steady...
The services sector in Australia continued to expand in April, albeit at a slower rate, the latest survey from Judo Bank revealed on Friday with a services PMI score of 53.6. That\'s down from 54.4 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Central to the sustained...
The FBI arrested New York resident Idin Dalpour for defrauding investors of $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation. On May 1st, the Federal Bureau of Investigation (FBI), alongside a New York court, charged Dalpour. According to a press release from the Manhattan District...
US Senator and highly vocal crypto critic, Elizabeth Warren, has claimed that Iranian crypto miners have terrorist ties including Hamas. In an open letter dated May 1, Sen. Warren and Sen. Angus King Jr. have together warned that this “ongoing activity by the Iranian government threatens our national security.” The lawmakers have called the Biden...
The Malaysia stock market bounced higher again on Thursday, one session after ending the two-day winning streak in which it had advanced almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau and it may add to its winnings on Friday. The global forecast for the Asian...