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US Inflation Data Indicates Slight Cooling in April; Gold, Silver, and Cryptos Climb
15.5.2024
The latest report from the U.S. Labor Department’s Bureau of Labor Statistics reveals that the consumer price index (CPI) for April climbed by 0.3%. Over the last 12 months, the CPI increased by 3.4%, primarily driven by higher costs for shelter and gasoline. Relief Rally in Financial...
Historical cycle data suggests Bitcoin has left the ‘danger zone’ — Analyst
14.5.2024
Following a 23% correction, Bitcoin may have just entered a post-halving reaccumulation zone, according to one analyst
Ethereum Technical Analysis: ETH Bulls Press Forward Hinting at Possible Reversal
13.5.2024
As of May 13, 2024, ethereum presents a complex landscape for traders, characterized by fluctuating prices and diverse market signals. Despite a slight 1% uptick over the past day, the broader perspective shows a week marked by a 6.1% decline, setting a cautious tone for ether traders. Ethereum...
Bitcoin Technical Analysis: Bulls Set Sights on a Glimmer of Recovery
13.5.2024
As of May 13, 2024, bitcoin exhibits mixed signals across various time frames and technical indicators, presenting a complex landscape for traders. The leading crypto asset’s price currently stands at $62,792, reflecting a slight increase within the 24-hour range from $60,776 to $63,156....
Bitcoin Price Prediction: Trades at $61,000 Amid Hawkish Fed Outlook; What’s Next?
13.5.2024
As Bitcoin hovers around $61,000, traders speculate on the impact of Fed's hawkish stance on the future trajectory of cryptocurrency prices.
The post Bitcoin Price Prediction: Trades at $61,000 Amid Hawkish Fed Outlook; What’s Next? appeared first on Cryptonews
Peter Schiff: Gold, Silver ‘Ready to Explode Higher’ — Sees ‘Biggest Precious Metals Bull Market in History’
11.5.2024
Gold advocate and economist Peter Schiff has predicted an explosive rise in gold and silver prices. While encouraging investors to “Take advantage of what could be the biggest precious metals bull market in history,” Schiff calls bitcoin “dead money,” expecting outflows from...
NFT Sales See Week-Over-Week Decline as Market Continues to Cool
11.5.2024
Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip...
Bitcoin Technical Analysis: Bulls Seek to Regain Upward Momentum
10.5.2024
As of May 10, 2024, bitcoin exhibits a promising recovery trajectory, albeit amidst mixed market signals across various technical frameworks. Following an intraday fluctuation ranging from $60,954 to $63,388, at present, bitcoin is coasting along values between $62,861 to $63,272 per unit...
BTC Price Down 2%, Triggering Liquidation of Over $34M in Bitcoin Longs in Derivatives Shake-Up
9.5.2024
On May 9, 2024, bitcoin’s value faced a decline, hitting an intraday low of $60,634 at approximately 7 a.m. EDT. The latest downturn has led to the liquidation of about $34.79 million in bitcoin long positions across various derivatives markets. As Bitcoin’s Value Declines, Heavy...
TRUMP and BODEN Coins Soar Following Trump’s Crypto Endorsement and Critique of Biden
9.5.2024
Following the recent crypto endorsement by former U.S. President Donald Trump, and his criticism of current President Joe Biden, the value of the two meme coins linked to these political figures — TRUMP and BODEN — have significantly increased over the past day. TRUMP Coin Jumps 35%, BODEN Up...
Is DogWifHat on the Brink? WIF Price Dips 5% as Focus Turns to This Other Solana Meme Coin
9.5.2024
Popular Solana meme coin DogWifHat ($WIF) is taking a tumble today as falling crypto prices across the board drag many coin prices down. In the last 24 hours, WIF has fallen 4.8% and currently trades at $2.80. That makes it the biggest intraday loser among the top seven meme coins by market...
Standard Chartered: Second Trump Term Would Be ‘Broadly Positive’ for Crypto
9.5.2024
Standard Chartered Bank predicts that a second term for the Trump administration would create a favorable regulatory landscape, leading to a positive outlook for the crypto sector. The bank has revised its forecast citing improved market sentiment after cautioning that bitcoin’s price could...
Bitcoin Technical Analysis: BTC Faces Growing Uncertainty Amidst Market Fluctuations
8.5.2024
As of May 8, 2024, bitcoin’s price is coasting along at $62,378, experiencing a 24-hour intraday range from $62,096 to $64,413, with a trading volume of $17.91 billion and a market capitalization of $1.22 trillion. Despite a decline of 2.1% over the past 24 hours, bitcoin has gained 9.3%...
Warhammer's About To Get A Bit More Expensive
7.5.2024
Money is imaginary, and yet we imagine the worst possible version. As we all agree to pretend that swapping numbers on a computer, or paper and metal in person, makes sense as a transaction for goods, we also for some reason pretend that said goods get more expensive. As a result of this, Games...
Analysts Stand Firm on $150K Bitcoin Price Forecast Citing ‘a Healthy Cycle’
7.5.2024
Global asset management firm Alliance Bernstein’s analysts have reaffirmed their bullish outlook on bitcoin, predicting a rise to $150,000 by 2025. They view the recent price correction as a healthy cleanup of market excesses. Additionally, they highlighted the market’s strength...
This Week’s Crypto Gainers: Worldcoin Leads Surge, ZBC and SEI See Largest Declines
6.5.2024
Although last week saw some progress compared to the previous one, bitcoin has only experienced a slight 2% increase, whereas ethereum has incurred a 1.6% loss during the same period. Among alternative cryptocurrencies, worldcoin (WLD) emerged as the standout performer, surging by 32.4% against...
Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and Uncertainty
6.5.2024
As ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality with a mix of bullish signals, while moving averages indicate a balance of both positive and negative signals across different time frames. Ethereum Ethereum’s...
Bitcoin Technical Analysis: Bulls Challenge Upper Resistance
6.5.2024
Bitcoin’s price movement on May 6, 2024, showcases a complex dance of volatility and potential, captured vividly across various time frames and technical indicators. With an intraday range swinging from $63,657 to $65,489, traders grapple with a trading landscape rife with both uncertainty...
Analysts: Gold Rush In China Is Propping Prices Up
6.5.2024
The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up in international markets. Several analysts believe that the loss of confidence in traditional investment options in China, and the geopolitical factors and U.S....
Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds
6.5.2024
As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency Wealth Adds ‘Meaningful Implications for the Real...