Bitcoin’s price plunged under the psychologically significant support level of $30,000 over the past week, reaching a close of $28,874 today. The Federal Reserve’s decision to increase the rate by 25 bps on July 26 seems to have been largely shrugged off by Bitcoin, however. As Bitcoin continues to consolidate, what are the best cryptos…
Read more
Mark Yusko, the principal of Morgan Creek Capital Management, a fund management organization with $1.6 billion in its custody, shared some thought-provoking predictions about the future value of Bitcoin today. He sees the most prominent cryptocurrency achieving a value of $300,000 by the end of 2028, raising some eyes in the crypto space today as…
Read more
In a move to combat ongoing inflationary pressures in the U.S. economy, the Federal Reserve announced a 0.25% hike in its key interest rate today, pushing it to a high of 5.5%—a level unseen in 22 years. Despite witnessing a decline in consumer prices for a consecutive 12-month period, June marked a rise with a…
Read more
Prime Minister Fumio Kishida of Japan made a resolute statement today that could be a boon to crypto markets, reiterating the country’s ambition to be at the forefront of Web3 innovation. His remarks coincided with news that leading cryptocurrency exchange Binance plans to launch operations in Japan beginning August 2023. This provides a new on-ramp…
Read more
Bitcoin and the broader cryptocurrency market are experiencing a slump today, adding further pressure to an already tense market sentiment. Despite reaching a 13-month high of almost $31,700 last week, Bitcoin’s momentum has been dwindling since, with its price consistently falling below the 20-day Exponential Moving Average (EMA) this week. The indicator could now be…
Read more
Following an impressive 90% surge yesterday, TruthGPT (TRUTH) is currently undergoing a significant correction. TRUTH is experiencing a 23% price decrease so far today, with its current price at $0.001635, having dipped below the Fib 0.5 level of $0.001754. The 4-hour 20 EMA stands at $0.001561, a price level that was retested earlier in the…
Read more
As crypto markets hold relatively steady today after recent gains the United States Securities and Exchange Commission (SEC) has commenced a process inviting the public to share their perspectives on Bitcoin Exchange Traded Funds (ETFs). This development surfaces just ahead of the July 2023 assembly of the Federal Open Market Committee (FOMC) set on July…
Read more
Conservative Republicans are opposing the bipartisan agreement to raise the U.S. debt ceiling, which could result in a U.S. default if it doesn’t pass its first test in Congress. Both President Joe Biden, a Democrat, and the leading Republican figure in Congress, House Speaker Kevin McCarthy, anticipate the requisite votes to enact the bill before…
Read more
Image by Fareed Mindalano / Playground AI After experiencing a notable 4.49% uptick yesterday, Bitcoin (BTC) is currently retracing and trading at $27,665, down 1.48% in the past day. According to crypto analytics firm Glassnode’s recent report, however, on-chain data shows Bitcoin could break $28,000 soon. In the past 24 hours, Bitcoin reached $28,462.73 but…
Read more
