Bitcoin recently saw a 2.9% increase in its price on Friday, reaching above $67,000 for the first time since April 24. This rise has been attributed to the low levels of inflation reported in the latest Consumer Price Index (CPI) data. It is important to note that Bitcoin, as a digital asset, is influenced by
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The cryptocurrency market has been experiencing a surge in the past few days, with Bitcoin leading the way by bouncing back from around $61,000 to above $67,000. This significant price movement has sparked speculation and discussions among investors and analysts alike. Popular blockchain analytics firm CryptoQuant has shed light on the catalyst behind Bitcoin’s latest
The ICO for 2024‘s new store of value altcoin, Mollars (MOLLARS), is gaining momentum with each passing day. The project’s initial coin offering has already reached 72% completion, leaving only 28% of the tokens available for purchase during the presale. This surge in interest can be attributed to Mollars being positioned as the next big
Crypto exchange Coinbase has recently released a report predicting the likelihood of the Securities and Exchange Commission (SEC) approving spot Ethereum exchange-traded funds (ETFs) by the end of this month. According to Coinbase Institutional Research Analyst David Han, the chances of approval stand between 30% to 40%. Han believes that the correlation between CME futures
In the latest cryptocurrency market development, ETF token has experienced an impressive surge of +207% within just 24 hours. This significant increase in value has sparked considerable interest in the realm of crypto ETFs, prompting investors to closely monitor the current price trends of ETF token. As of the latest update, ETF token is trading
Crypto analyst Michaël van de Poppe has expressed bullish sentiments regarding Polkadot (DOT), foreseeing a potential rise in its value to as high as $25 during the current bull run. Van de Poppe highlighted the recent correction that Polkadot underwent, followed by its resurgence to pre-rally levels, indicating its strength. He attributed the bottoming out
Oklahoma made history by becoming the first US state to enact legislation that legally protects the right to self-custody Bitcoin. This groundbreaking bill, known as HB3594 and signed into law by Governor Kevin Stitt, ensures that residents are able to hold, control, and utilize digital assets without interference from the state. The passage of this
Understanding the intricacies of cryptocurrency markets is crucial for both analysts and investors. Ali Martinez, a renowned cryptocurrency expert, has recently shed light on the price fluctuations of Bitcoin by applying basic economic principles of supply and demand. It is important to note that the price movements of any asset, including cryptocurrencies, are driven by
Reddit’s stock surged by 13.5% following the announcement of a data-sharing agreement with OpenAI, the creator of the AI chatbot ChatGPT. This partnership allows OpenAI to access Reddit’s data API in order to provide real-time content from platform posts. The goal of this collaboration is to enhance the Reddit experience with AI-powered features and create
Dogecoin recently experienced a correction in gains, testing the $0.150 zone against the US Dollar. Despite this correction, DOGE is now forming a base and may potentially initiate a fresh increase above $0.1520. The price surged towards $0.160 before correcting gains and is currently trading above the $0.150 level and the 100-hourly simple moving average.