Traders say Bitcoin price fights “last resistance” at $69K before new all-time highs – Cointelegraph
Bitcoin is on the verge of entering a price discovery phase if it breaks through the key resistance at $69,000, its all-time high, according to crypto analysts. Bitcoin (BTC) peaked at around $69,000 during the bull run of 2021. This level was tested again on March 5 after a spot Bitcoin exchange-traded fund (ETF) was […]
Bitcoin dips 2% as Mt. Gox wallets move over $5B to unknown wallet – Cointelegraph
Bitcoin (BTC) fell 2% on May 28 after a wallet purporting to belong to the collapsed crypto exchange Mt. Gox transferred 107,547 BTC, valued at $7.3 billion, to an unknown wallet. Trading is increasing hourly. The move comes ahead of the dissolved crypto exchange’s plans to return its BTC holdings to creditors by October. Blockchain […]
Aptos hits all-time high in user transactions – Cointelegraph
Aptos, a Layer-1 blockchain platform developed by ex-Facebook employees, has reached a new milestone in blockchain transactions, recording 115.4 million daily transactions on May 25, surpassing Solana’s 31.7 million. of undulation The transaction volume set a new benchmark, surpassing the previous L1 record of over 65 million transactions held by Sui Network by a significant […]
Donald Trump declares US must not settle for 'second place' in crypto industry – Cointelegraph
Former US President Donald Trump said the US should not be satisfied with anything less than a top position in the cryptocurrency industry. “We must be a leader in this, not second,” President Trump declared in a May 25 speech. post On Truth Social, a social media platform owned by Trump Media and Technology Group […]
FIT21 crypto bill passes US House: Here's what could happen next – Cointelegraph
A bill that would clarify the role of the U.S. securities and commodities regulator in policing cryptocurrencies is heading toward an unknown future as it makes its way to the Senate before reaching U.S. President Joe Biden’s desk. The Republican-led 21st Century Financial Innovation and Technology Act (FIT21) (HR 4763) passed the House of Representatives […]
Grayscale CEO Michael Sonnenshein steps down – Cointelegraph
Michael Sonnenshein is stepping down from his position as CEO of Grayscale Investments LLC. Barry Silbert, founder and CEO of Digital Currency Group, Grayscale’s parent company, said Sonnenschein will be succeeded by a former Goldman Sachs employee on Aug. 15. Executive Peter Mintzberg will assume the position. Silbert I have written X Posted on May […]
Bitcoin clings to $67K but analysis warns of 10% BTC price drop next – Cointelegraph
Bitcoin (BTC) orbited $67,000 on May 19th as liquidity around the spot price strengthened towards the weekly close. BTC/USD 4-hour chart. Source: TradingView Bitcoin resistance level crystallizes around $70,000 Cointelegraph Markets Pro and TradingView It shows that the bulls are holding on to this week’s upside, with month-to-date gains now exceeding 10%. Popular trader Daan […]
Bitcoin's $66.9K price holds strong casting doubts on a 'deep correction' – Cointelegraph
Bitcoin (BTC) price has consolidated just above a major support level at $65,000, and crypto traders believe the formation is solid. Some have questioned predictions of a major adjustment in the near future. “Bitcoin is holding its price very strongly, so I don’t think there will be a major correction,” said Yodda, a crypto trader […]
Biden may rethink SAB 121 vote veto due to political support for crypto – Cointelegraph
On May 16, 2024, a majority of the U.S. Senate passed the Congressional Review Act (CRA) to review Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 121 (SAB 121). Passed by US Senate H.J.Res. 109 The vote was 60-38, an unprecedented turnout for a U.S. Congress. In addition to the excellent support of HJRes. […]
Ethereum price rallies above $3.1K after unexpected regulatory victory – Cointelegraph
Ether (ETH) price rose 5.5% on May 17, approaching $3,100 for the first time in 10 days. Analysts said the rise was due to a drop in demand for fixed-income products following sluggish U.S. retail sales in April. The data raised market expectations that the U.S. Federal Reserve might cut interest rates in an effort […]