The price of Bitcoin has seen a positive movement, rising by 2.9% on Friday to trade above $67,000 for the first time since April 24. This increase has been attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data. However, it is important to note that Bitcoin is subject to
Bitcoin
The cryptocurrency market has been showing signs of bullish momentum in recent days, with major assets like Bitcoin experiencing substantial gains. One of the key highlights of this period is the surge in the price of Bitcoin from $61,000 to over $67,000, marking a significant milestone after nearly a month of consolidation. This price movement
Dogecoin has garnered significant attention and credibility due to Elon Musk’s public endorsement and support. The Tesla and SpaceX leader’s tweets and actions have had a positive impact on Dogecoin’s value and popularity, leading to substantial gains for investors. In contrast, Ripple lacks a similar influential figure to champion its cause, which could hinder its
After closely examining the report from Coinbase Institutional Research Analyst David Han, it is evident that the chances of the SEC approving spot Ethereum ETFs by the end of the month are estimated between 30% to 40%. The correlation between CME futures product and spot exchange rates, which was a significant factor in the approval
Oklahoma has made history by becoming the first state in the United States to legally protect the right to self-custody Bitcoin through the passing of a groundbreaking bill. This new legislation signed by Republican Governor Kevin Stitt, known as the ‘Bitcoin Rights’ bill (HB3594), solidifies the ability of residents to possess, control, and utilize digital
In the ever-evolving world of cryptocurrency markets, the dynamics of supply and demand play a crucial role in determining the price action of digital assets. According to Ali Martinez, a renowned cryptocurrency expert, the fluctuations in the price of Bitcoin can be analyzed through the lens of basic economic theory. It is important to recognize
Recently, crypto analyst Crypto Jebb highlighted an inverse heads and shoulders pattern on the Bitcoin chart, suggesting a potential rally for the cryptocurrency. This bullish pattern could potentially push the price of Bitcoin to $100,000, according to Jebb’s analysis. He emphasized the significance of this pattern and its potential to lead to substantial price movements
Recently, the Donald Trump-themed meme coin Doland Tremp (TREMP) made headlines as it reached a new all-time high after positive news about the billionaire’s presidential campaign. The former political leader’s softened stance on digital assets has garnered attention, with him now describing himself as the candidate of the pro-crypto voters. The cryptocurrency market as a
More than 19 months after Ethereum’s historic Merge upgrade, the data is clear: the network’s native asset, Ether (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio tapped another three-year low on Thursday at 0.044, with Ether last experiencing less market dominance against Bitcoin in May of 2021. The trend has been
Bitcoin recently saw a surge in its price, surpassing $66,000 for the first time since April. This sudden increase in value has been attributed to a variety of factors, one of which includes the release of the Consumer Price Index (CPI) inflation data. The CPI data, announced on May 15, came in lower than expected,