Bitcoin (BTC) is currently trading around $67,850 and hitting an intraday low of $66,123. The strength of the US dollar, which has increased due to strong economic data, is a major factor in this bearish trend. Investors are reducing their expectations for an imminent Federal Reserve interest rate cut in September, bolstered by a strong...
Bitcoin (BTC/USD) is currently trading at $69,615, with analysts closely watching the upcoming release of the US Core Inflation Rate. This economic indicator is pivotal for shaping market expectations and could significantly influence Bitcoin’s trajectory. Investors are keen to understand how the inflation data will impact Federal Reserve policies, which in turn will affect the...
The UK’s National Health Service chief, Amanda Pritchard, raised concerns Wednesday about the rising number of young men seeking treatment for addiction to Bitcoin trading. She has urged action to regulate crypto platforms to prevent further harm. Pritchard laid out her concerns about crypto markets during a speech on June 12. Unregulated crypto platforms, she...
Bitcoin mining stocks experienced significant gains on Wednesday, following a promise by United States presidential candidate Donald Trump to boost mining operations within the country. In a post on June 12, Trump expressed his desire for all remaining Bitcoin to be produced in the United States, emphasizing the potential for the country to become energy...
The re-election team of the US President Joe Biden is reportedly considering accepting crypto donations for the election campaign. According to a report from the Block, sources close to the election campaign team noted that discussions are ongoing with crypto businesses regarding accepting crypto donations via Coinbase Commerce. One source who works with politicians told...
Bitcoin (BTC), the world’s leading cryptocurrency, recently failed to maintain its upward momentum and has turned bearish. After reaching an intra-day high of $69,977, BTC quickly fell to $67,039, and its current price stands at $67,600.32 with a 24-hour trading volume of $35.93 billion. This shift in trend was influenced by a surprising drop in...
On the 4-hour timeframe, both the 50-day EMA, currently at $68,400, and the RSI, at 43, suggest a neutral to bearish bias. A sell position could be considered below $67,750, with a potential target of $65,200 upon a break below $66,000. However, a break above $67,750 could fuel further bullish. You might also like Bitcoin...
Bitcoin has the potential to reach $1 million by 2033, with a projected cycle-high of $200,000 by 2025, according to analysts at Bernstein. The prediction comes as Bernstein initiated coverage of MicroStrategy, a software developer and the largest corporate holder of Bitcoin. The research report assigned an outperform rating to MicroStrategy, which currently possesses 1.1%...
UwU Lend, a decentralized finance (DeFi) protocol, has announced a $5 million bounty in Ether (ETH) for anyone who can identify and locate the attacker responsible for its recent exploits. The bounty was announced on June 13 in an on-chain message after the hacker failed to return the stolen funds by the negotiated deadline of...
Bitcoin price peaks and dips, new Ether ETFs, and whale accumulations—what could these mean for Bitcoin’s future? Find out in our report. Key takeaways: Bitcoin saw notable volatility in May, starting below $60,000 and peaking at $71,470 on May 20 on optimism around spot ETF inflows. However, it struggled to maintain momentum and ended the...