After days of consolidation near the local high, Bitcoin is trying to breakout and challenge the $30,000 level. Bitcoin’s (BTC) tight consolidation near its local top suggests that traders are waiting for a catalyst to start the next trending move. The Consumer Price Index data on April 12 and the producer price index data on…
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Over the weekend, the cryptocurrency market experienced low volatility as Bitcoin continued to trade around $28,000. With prices moving sideways and trading volume increasingly declining, heightened volatility may be on the horizon. Hence, people looking to invest in the cryptocurrency market should closely monitor upcoming events and key indicators that could affect the selection of…
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Dogecoin was consolidating in today’s session, following a volatile few days of trading last week. The meme coin rose by nearly 30% last Monday, before losing these gains as the week matured. Shiba inu was largely unchanged. Dogecoin (DOGE) Dogecoin (DOGE) moved marginally higher on Monday, as prices began to settle following recent volatility. Last…
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The United States dollar has been a hot topic in recent weeks, with multiple reported developments occurring globally which could signal significant moves toward de-dollarization in large economies. Former U.S. congressman Ron Paul also noted this week that if the USD’s influence as a reserve currency is undermined, it might happen later than some expect.…
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This week’s Crypto Biz explores Canada’s new crypto conglomerate, the recent premature passing of the Cash App creator in San Francisco, as well as DOGE news, and U.K. crypto challenges. Twitter CEO Elon Musk has made another marketing move to bridge the social media platform with the crypto community by switching its logo icon to…
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Shiba Inu (SHIB), the world’s second-largest dog-inspired meme coin with a market capitalization of close to $6.5 billion, was last changing hands close to $0.000011 per token, broadly flat on the day. Trade in cryptocurrency markets on Friday has been subdued with most traditional financial markets in Europe and the Americas closed for Good Friday….…
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In the week ahead, investors will confront new inflation data and the beginning of earnings season, while also keeping an eye on the Federal Reserve’s potential plans for interest rates at their early May meeting. How might this affect the selection of the best cryptos to buy now? This coming week, the focus turns to…
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Bitcoin’s failure to clear the overhead resistance at $30,000 is attracting profit-booking in select altcoins. Bitcoin (BTC) has been trading below $29,000 for the past several days. The analyst community remains divided on the near-term prospects of Bitcoin. While some believe that Bitcoin could rise to $30,000, others are of the opinion that a local…
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Dogecoin was once again in the red on Friday, as Twitter finally removed the doge icon as its logo. The meme coin raced to a four-month high earlier in the week, after the social media giant unexpectedly added a cartoon image of doge on its website. Overall, crypto markets were mostly lower, with xrp a…
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U.S. stocks took a downward turn earlier today, with investors focusing on disappointing labor market data. They are also anticipating Friday’s jobs report as a potential indicator of the Federal Reserve’s tightening policy pushing the economy toward a recession. In this ambiguous economic climate, what are the best cryptos to buy now? The S&P 500…
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