[ad_1] Bitcoin (BTC), the largest cryptocurrency in the market, recently touched the crucial $70,000 level, proving to be a significant hurdle for its price consolidation in recent months. Despite surpassing its previous high and reaching a record all-time high (ATH) of $73,700 in March, BTC experienced a 20% price correction to around $56,500 at the beginning of May. However, this correction marked the start of a renewed bullish momentum, with BTC currently trading at approximately $69,300. While Bitcoin’s price has seen some volatility and a lack of sustained bullish action, venture capitalist and market expert Chamath Palihapitiya has provided optimistic…
Author: dfrancis36
[ad_1] Coinbase’s recent $25 million donation to political action committees (PACs) has propelled the crypto industry’s campaign fund to approximately $161 million, making it one of the most significant players in U.S. campaign finance. This substantial cash injection positions the crypto industry as a formidable force in influencing the political landscape, with the potential to allocate over $300,000 for each congressional seat up for grabs in the upcoming elections. Coinbase joins Ripple and Andreessen Horowitz (a16z) in contributing to the Fairshake PAC and its affiliate PACs, which aim to support congressional candidates with pro-crypto stances. By targeting state primaries and…
[ad_1] U.S. spot bitcoin ETFs continue their hot streak, recording $107.91 million in inflows on Thursday for their 9th straight day of gains. This marks the longest inflows since mid-March, when the products saw 10 consecutive positive days.The appetite for spot bitcoin ETFs reflects their massive success since launching earlier this year. The SEC approved the first spot bitcoin ETFs in January, and products from heavyweights like BlackRock, Fidelity, and others quickly garnered billions in assets.BlackRock’s iShares Bitcoin Trust (IBIT) led inflows on Thursday with $89 million. Next was Fidelity’s Wise Origin Bitcoin Trust (FBTC) at $19 million, followed by…
[ad_1] Widely followed trader Inmortal says this year will see massive rallies for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and one additional altcoin. The pseudonymous trader tells his 214,000 followers on the social media platform X that API3 (API3), a decentralized data oracle network that aims to connect traditional APIs with blockchain applications, is ready to “get sent” after a long consolidation period. Inmortal mentions API3’s recent strategic funding round led by digital asset investment firm DWF labs and the bullish technicals on the altcoin’s chart. “API3 about to get sent. API3 has successfully concluded a strategic funding round, allocating…
[ad_1] Although Bitcoin has yet to reclaim its peak of over $73,000 from March, it achieved a 24-hour high of $70,188. This performance is part of a gradual increase, with Bitcoin rising 1.2% over the past week and 2% in the last 24 hours, bringing its current price to $69,211. Amid this price performance, the crypto has shown promising fluctuations that suggest a possible upswing in its market value, with developments in trading patterns and analyst forecasts painting a bullish future. Related Reading Breaking Resistance: BTC Eyes Major Breakout In the current market environment, Bitcoin is nearing a critical resistance…
[ad_1] Robinhood (NASDAQ:HOOD) imposed buying restrictions on GameStop (NYSE:GME) shares late Sunday after the meme stock’s value surged following speculation that Keith Gill, known as “Roaring Kitty,” might hold a substantial position in the company. The brokerage stated that Blue Ocean ATS, the platform facilitating overnight trades, would only accept orders within 20% above or below a reference price of $22.99. Thus, orders to buy GME above $27.59 or sell below $18.39 during the night would likely be rejected. Despite this, some Robinhood users reported being completely blocked from purchasing GME overnight. Robinhood did not respond to Cryptonews’ request for…
[ad_1] Starting June 30, 2024, the European Economic Area (EEA)will enforce new regulations under the Markets in Crypto-Assets (MiCA) framework, specifically targeting stablecoins. Binance, one of the world’s largest cryptocurrency exchanges, plans to roll out comprehensive changes to ensure compliance, impacting everything from trading to rewards. Only regulated companies can issue and offer stablecoins, termed regulated stablecoins. Many existing stablecoins will not meet these criteria and will be designated as unauthorized stablecoins, facing various restrictions on Binance’s platform, the cryptocurrency exchange said in a statement on its website. From June 30, the unauthorized stablecoins will switch to a “sell-only” mode…
[ad_1] Fold recently released its Direct to Bitcoin feature as part of a set of features that the team at Fold calls its Bitcoin Checking Account. Fold Users can now auto-convert anywhere from 1% to 100% of their fiat deposits to bitcoin from a checking account through which they can also make payments.This new feature is the first of many that the company plans to release in the coming months that will help its users more easily live on a bitcoin standard.You can now transition to a bitcoin standard in two taps using @fold_app.Earn in bitcoin and maintain access to…
[ad_1] A widely followed analyst and trader is revealing his top four altcoin picks for the next six months. The analyst pseudonymously known as The Flow Horse tells his 217,900 followers on the social media platform X that Ethereum (ETH) is one of the main plays to look at from now until late this year. His other picks include memecoin Pepe (PEPE), MAGA (TRUMP), a memecoin inspired by presidential candidate Donald Trump and Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs). “ETH, Pepe, Trump, Ondo. Don’t want a fifth, just throw it in the king (Bitcoin). Six…
[ad_1] Despite the Bitcoin decline below the $70,000 price mark, a crypto analyst still maintains an optimistic outlook for the pioneer cryptocurrency, predicting that the price of Bitcoin could reach its top soon. Analyst Says Bitcoin’s Top Is $150,000 On June 2, crypto analyst, Peter Brandt released a blog post predicting Bitcoin’s top in the current bull cycle. According to Brandt, the price of Bitcoin is expected to witness an exponential surge between the range of $130,000 to $150,000. Related Reading Brandt foresees Bitcoin’s peak to occur in 2025 between late August and early September. The analyst has based his…