Cryptocurrency

Bitcoin experienced a slight decline on Thursday, remaining within its established trading range as investors awaited crucial U.S. economic data that could influence the outlook for interest rates. While easing concerns about a potential sell-off by defunct exchange Mt Gox provided some relief, the strengthening dollar, driven by anticipation of …

The FIT21 Bill is frequently cited by analysts as a critical step towards cryptocurrency regulation. A big bill that is presently passing the US House of Representatives is called the Financial Innovation and Technology for the 21st Century Act (FIT21). Why it matters is as follows:Regulatory Framework for Digital Assets:In …

Bitcoin price has rallied to the $70,000 mark, indicating a potential bull market. Analysts believe that the majority of on-chain indicators point to a nascent bull market, despite some showing topping patterns. The recent support bounce near $60,000 has sparked increased interest, with Farside Investors reporting approximately $950 million in …

Bitcoin prices dipped slightly on Friday, erasing some of the gains seen in the past two days as caution prevailed following warnings from Federal Reserve officials about the possibility of interest rate cuts this year. The world’s largest cryptocurrency remained firmly within a tight trading range of $60,000 to $70,000 …

On May 15, 2024, Bitcoin was trading at approximately $62,775, up 1.8% in the last 24 hours. The US Consumer Price Index inflation data was the big event on the day, with expectations of a 3.4% year-on-year increase (slower than March’s 3.5%). Analysts speculated that a softer-than-expected CPI reading could …

Bitcoin’s DownturnBitcoin experienced a slight decline on Wednesday, failing to capitalize on a weakened dollar as traders adopted a cautious stance ahead of key U.S. consumer inflation data. The world’s largest cryptocurrency dipped by 0.9% to $61,974.9, signaling subdued market sentiment. Fed’s Cautionary RemarksBitcoin’s lackluster performance persisted despite the dollar’s …

The cryptocurrency market is consolidating, and Bitcoin appears to be on the rise. With the price dropping and now trading at $63,085, there may be a change in the market structure that favours bulls. The trend line that links the all-time high of $73,949 and ensuing lesser highs should be …

Bitcoin’s price dipped on Monday, once again testing crucial support levels as sentiment towards cryptocurrencies struggled to improve amid anticipation of U.S. inflation data that could influence interest rates. While the dollar stabilized after last week’s losses, it added to the downward pressure on crypto markets. Traders maintained a bias …

The U.S. Last week, the U.S. stock market continued its upward trajectory, inching closer to record highs amid light trading volumes. The S&P 500 Index notched its third consecutive week of gains, nearing its all-time peak. While the broader market advanced, the spotlight was on value stocks, which outpaced growth …

The previous few weeks have seen a turbulent ride for cryptocurrencies, with unexpected lows and tremendous highs. Nevertheless, new information indicates that Ethereum and Bitcoin may be quietly making a comeback, even though their ascent may not be as high as initially anticipated. Bitcoin Price Performance in a month to …