Bitcoin price is correcting gains from $116,500. BTC is now consolidating and might start a fresh decline if it stays below the $116,500 resistance zone. Bitcoin started a fresh increase above the $115,000 zone. The price is trading below $115,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine the mystery of El Salvador’s alleged bitcoin purchases and why the government is due to issue an official clarification. Latam Insights Encore: El Salvador’s Bitcoin Purchases Are Still a
Pantera Capital founder Dan Morehead has predicted the price of Bitcoin in the next four or five years, sharing why it would attain the milestone. The hedge fund manager shared his thoughts on the price targets for Bitcoin on Monday’s CNBC Squawk Box interview. He predicted that Bitcoin would continue to see higher prices, as
US President Donald Trump has taken important steps regarding Bitcoin and cryptocurrencies since his official inauguration. These moves include Trump signing an executive order on the US strategic Bitcoin reserve and Senator Cynthia Lummis’ Bitcoin reserve bill. While expectations for the BTC reserve continue, an important meeting will be held in Washington today in the
Contrary to claims from the U.S. banking industry, stablecoins do not pose a risk to the financial system, according to the chief policy officer at crypto exchange Coinbase (COIN), Faryar Shirzad. Banks’ claims that they do are are myths crafted to defend their revenues, he wrote in a Tueday blog post. “The central claim —
The U.S. SEC has made a pretty big move in the world of crypto. As reported by CryptoRover, the SEC has approved Bitcoin exchange-traded funds (ETFs) to be listed on big U.S. exchanges. This includes NASDAQ and the New York Stock Exchange (NYSE). This move is a huge step in joining digital assets and the
Key Takeaways Industry leaders, including Michael Saylor and Fred Thiel, will attend a Capitol Hill roundtable to support the BITCOIN Act. The BITCOIN Act, reintroduced by Sen. Cynthia Lummis, proposes the US government acquire 1 million Bitcoin over five years. Strategy co-founder Michael Saylor, Marathon Digital CEO Fred Thiel, and other industry leaders will attend
Bitcoin price today is trading near $115,930, holding steady after a strong rebound from the $111,000 zone. The market now faces a pivotal test, with resistance clustering between $116,000 and $118,000 while traders brace for the Federal Reserve’s rate cut decision in two days. Bitcoin Price Holds Fib Support But Meets Resistance BTC price action
The United Nations Development Programme (UNDP) is set to launch a “Government Blockchain Academy” to teach the public sector about crypto and other emerging tech. The agency said on Monday that it would partner with the blockchain and artificial intelligence advocacy not-for-profit Exponential Science Foundation to launch the academy next year. “The Academy will provide