Bitcoin receives support from Fed rate pause as BTC targets $106K short squeeze
Key Points: A recent analysis suggests that Bitcoin might see a bullish trend following the Fed’s decision to maintain interest rates, referencing historical patterns. Potential upward momentum for BTC/USD could increase if Binance experiences a drop in open interest. The analysis highlights order book liquidity, predicting shorter timeframes to reach $106,000. According to the report, […]
XRP Update: SEC Postpones ETF Reviews Amid Ongoing Legal Issues; BTC Reaches $106k
Bitcoin Gains as Genius Act Progresses While XRP faced selling pressure, Bitcoin (BTC) experienced a rise on May 20 as investors reacted positively to the potential passing of the Genius Act in Congress. The Senate approved the act on May 19, with support from 16 Democrats. Reportedly, it could change their voting direction in favor […]
Bitcoin Surges Above $106K as BTC Reserve Hopes Grow Under Trump – Decrypt
Will America Under President Donald Trump Get Strategic Bitcoin Reserves? It's not yet clear, but heightened expectations for the proposal appear to have helped drive gains in assets on Thursday. Sen. Cynthia Lummis, a prominent Bitcoin advocate and sponsor of the “Strengthening Innovation, Technology, and Competitiveness through the Optimized Investments Nationwide Act'' (also known as […]