Crypto

Triggered by the latest U.S. inflation data indicating a deceleration in price increases, Bitcoin has crossed the $66,000 threshold, signaling a robust response to favorable economic conditions. The unexpected slowdown in inflation has uplifted market spirits, catalyzing substantial gains across a wide array of major cryptocurrencies, reflecting a broader optimism in the digital asset space. Following recent U.S. economic reports indicating softer-than-expected inflation and sluggish retail sales, Bitcoin has soared past $66,000, reaching its highest level since late April. This…

Bitcoin price is in rebound mode after slightly impressive US Inflation – CPI data. Impact of general market trend and Bitcoin halving on miners explored by analysts. The selling pressure for Bitcoin (BTC) is projected to ease following the release of April’s Consumer Price Index (CPI). At the same time, prominent crypto analysts highlight a potential consolidation phase for Bitcoin miner revenue. Bitcoin’s Reaction to CPI Data Following information from the United States Bureau of Labor Statistics (BLS) showing that…

The cryptocurrency market has a long list of innovations that could take weeks to exhaust. Three innovative projects have recently made news headlines: Stacks (STX), Internet Computer (ICP), and Algotech (ALGT). All three have interesting value propositions, but this week, one takes the crown: Algotech (ALGT). Let’s take a closer look at each project and why Algotech stands out. Stacks (STX): Expanding Bitcoin’s Utility The price of STX has been climbing recently because of its ambition to bring Decentralized Finance…

The post Crypto Market Records A Significant Inflow With The Price Of Bitcoin Recording A 24-Hour High Of $66,667.89! appeared first on Coinpedia Fintech News Following the release of the US CPI report yesterday, inflation eased to 3.4% in April, meeting expectations. This resulted in the crypto market recording a positive price action with the global market cap recording a jump of 5.52% and a trading volume of $99.05 Billion (+37.02%). Furthermore, the market leader, BTC price, added 6.67% to…

The post Pine Ridge’s $205M Crypto Investment: FBTC, IBIT, and BITB Lead the Way appeared first on Coinpedia Fintech News Pine Ridge Investors, a New York-based Registered Investment Advisor (RIA), has invested over $205 million in IBIT, BITB, and FBTC, which accounts for 23% of their total assets under management. This move underscores the increasing involvement of traditional financial institutions and RIAs in the crypto markets. FBTC attracted the largest stake, with an investment worth $93.38 million. BlackRock’s IBIT accounted…

Ethereum price recovered above the $2,920 resistance. ETH is trailing Bitcoin and might struggle to continue higher above the $3,050 resistance. Ethereum started a recovery wave and even climbed above $3,000. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could now struggle to clear the $3,040 and $3,050 resistance levels.…

Bitcoin price is up nearly 8% and it broke many hurdles. BTC is now consolidating gains and might correct in the short term toward $65,000. Bitcoin started a strong increase and cleared the $63,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct gains…

The crypto community created over one million tokens across all chains in the past month, with Solana and Ethereum leading the crypto token frenzy. According to Coinbase’s director, these numbers doubled the tokens created in Ethereum between 2015 and 2023. Over 22,000 New Crypto Tokens Created Daily Coinbase’s director Connor Grogan shared on X that 1 million tokens have been launched since April 1, 2024. The tokens created in the Ethereum Network account for 36% of the total number, with…

Crypto analysts continue to be super bullish on the future of the XRP price despite its poor performance in the past. However, while some analysts have predicted price targets that, to many, seem unrealistic, others have set more conservative targets. This is the case of crypto analyst Alan Santana, who just unveiled his 6-month prediction for the XRP price. XRP Price Is Ready For A Bullish Wave Alan Santana took to the TradingView website to share his latest analysis on…