BTC.X Bitcoin
579,800
$65,875.06
$4,298.07
(6.98%)
| Watchers | 579,800 |
| 52-Wk Low | $0.00 |
| 52-Wk High | $0.00 |
Jack Dorsey’s Payment Platform Eyes African Markets With Chipper Cashcoingape • about 1 hour ago
Jack Dorsey’s backed digital payment firm TBD has announced a partnership with Chipper Cash, to boost cross-border trades in Africa. In a recent announcement, the company sought to grow its presence in the continent to 40 countries. TBD is a subsidiary of Block, a company co-founded by former Twitter CEO Jack Dorsey. The firm’s new The post Jack Dorsey’s Payment Platform Eyes African Markets With Chipper Cash appeared first on CoinGape .
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The Bureau of Labour Statistics has released the Consumer Price Index (CPI) report this week, indicating that inflation is easing again in the US. According to the data, inflation grew slower in April, rising by 0.3% compared to 0.4% in the previous month, beating economists’ expectations of a 0.4% month-over-month growth. Bitcoin price, which hovered The post Bitcoin Price: Will Softer CPI Send BTC To $70,000 In May? appeared first on CoinGape .
MicroStrategy Incorporated will shortly be part of a major global equity index due to the striking rally in its shares. The business intelligence and software firm has its stock value, which has been increasing Year-to-Date (YTD); thus, the growth has outperformed Bitcoin’s (BTC) growth, and as a result, the MSCI World Stock Index included it.
With the announcement of El Salvador's Bitcoin addresses, the amount of BTC it obtained with volcano energy became clear. Continue Reading: How Many Bitcoins El Salvador Extracted With Volcano Energy, In Which It Invested Millions Of Dollars?
Bitcoin prices have been trending lower in the past couple of weeks and generally remain within a bearish formation. Although momentum appears to be picking up, bulls are not out of the woods just yet. Analysts are not losing hope and remain overly upbeat, expecting a surge that would take the world’s most valuable coin to new levels. Bitcoin Forms A “Cup And Handle” Formation In The Weekly Chart In a post on X, one of them, MikybullCrypto, said Bitcoin has formed a “cup and handle” reversal pattern, suggesting an imminent surge towards new all-time highs. This formation is a glimmer of hope for optimistic traders, especially now that prices have been moving lower and sideways, erasing gains posted in March. The “cup and handle” formation is a technical pattern chartists use to identify potential reversals and confirm trend continuations. In the current setup, as identified by the trader on the weekly chart, the “handle” was formed after the recent price drop from all-time highs. The “cup” follows the price decline in 2022 and the subsequent recovery in 2023. Related Reading: Crypto Analyst Shares Top AI Altcoin Investments This Month Historically, if there is a breakout above the handle and the rim of the cup, prices tend to rally to new levels. For this reason, the analyst says that if buyers press on from spot rates, the breakout above the current range and all-time highs of $73,800 will be “explosive.” For now, prices remain in a descending channel with clear resistance levels marked out in the immediate term at around $66,000 and $72,000. A breakout, reading from the candlestick formation in the daily chart, above these liquidation levels could spark demand, lifting the coin to new levels. Will Miners Dump BTC And Force Prices Lower? However, lurking beneath the optimistic outlook is a potential storm cloud: declining on-chain activity. After the brief spike in on-chain activity on Halving Day due to the launch of the Runes protocol, transaction fees have been declining. According to YCharts, it is currently at $3.206, down from over $128 on April 20. This contraction means miners are getting less revenue, heaping more pressure now that there is more pressure on margins post-Halving. Related Reading: XRP To Nearly $600? Analyst Makes Bold Claim, But Can It Overcome Legal Hurdles? Now that miners are feeling the pinch of slashed block rewards and declining transaction fees, it is likely that they might liquidate some of their BTC to stay afloat. Their participation, especially in the secondary market, would heap more pressure on BTC, forcing prices lower. Feature image from Shutterstock, chart from TradingView
The post Pepe Price Struggles After Breaking ATH: Is A Pullback On The Horizon For Pepecoin? appeared first on Coinpedia Fintech News The meme coin market has seen a strong revival due to increased buying demand in the cryptocurrency market. As Bitcoin’s price aims to rise above $65,000, Pepecoin is trending sharply toward its previous all-time high. However, with the rally slowing down, analysts are beginning to worry about the possibility of a pullback. Pepe’s Whale Interest …
Minneapolis Federal Reserve Bank President Neel Kashkari is yet to warm up to Bitcoin
The price of Bitcoin has jumped above the $63,700 mark amid the release of US CPI data that shows dovish inflation data The post Bitcoin Surges to $63.7K Despite U.S. CPI Falling 0.3% Short in April appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .
New York City-based institutional investment firm Boothbay Fund Management becomes the largest holder in BlackRock iShares Bitcoin ETF (IBIT), Fidelity Wise Origin Bitcoin ETF (FBTC), and Bitwise Bitcoin ETF (BITB), as per a filing with the U.S. Securities and Exchange Commission (SEC) on May 15. The fund also became one of the largest holders in The post Breaking: NYC Firm Becomes Top Holder In BlackRock, Fidelity, Bitwise, GBTC Bitcoin ETF appeared first on CoinGape .
Bitcoin critic Peter Schiff sneered at the economic data that was released earlier, calling it a “stagflation trifecta.” CPI Data Has Not Impacted Market Outlook By this statement, Schiff strongly believes that the economic data has not had any impact on the general outlook of the market. In other words, the market is still at The post Peter Schiff Names CPI Data “Stagflation Trifecta,” Time To Buy Bitcoin? appeared first on CoinGape .