Tag: Bitcoin

  • Moody’s Downgrade of U.S. Credit Rating Sends Crypto and Stocks Lower

    Moody’s Downgrade of U.S. Credit Rating Sends Crypto and Stocks Lower

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    Issac Lane

    Major cryptocurrencies dip as market sentiment turns risk-averse Crypto Markets React to U.S. Credit Rating Downgrade The cryptocurrency market saw a broad pullback over the weekend after Moody’s Investors Service downgraded the United States’ sovereign credit rating. Key digital assets such as Ether (ETH), XRP, and Dogecoin (DOGE) dropped by around 3%, reflecting a wider…

  • Bitcoin Breakout Odds Rise Amid All-Time Highs and $90K Pullback Concerns

    Bitcoin Breakout Odds Rise Amid All-Time Highs and $90K Pullback Concerns

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    Issac Lane

    Bitcoin Consolidates Near Record Levels as Traders Eye Breakout Bitcoin remains locked in a tight range as traders brace for a significant price move, with speculation building over whether the cryptocurrency will surge to new all-time highs or face a sharp correction toward $90,000. At the Wall Street open on May 16, BTC/USD hovered between…

  • Coinbase Shares Slide 7% Amid SEC Probe and Cyberattack

    Coinbase Shares Slide 7% Amid SEC Probe and Cyberattack

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    Issac Lane

    Coinbase, one of the world’s largest cryptocurrency exchanges, saw its stock tumble 7% in after-hours trading to $244 on 15 May, following reports of a significant cyberattack and a revived US Securities and Exchange Commission (SEC) investigation into its user metrics. SEC Questions 2021 ‘Verified Users’ Claim The SEC is investigating whether Coinbase misrepresented the…

  • Controversial Public Figure Leaked 50% of the Meme Token TIKTOK Emission

    Controversial Public Figure Leaked 50% of the Meme Token TIKTOK Emission

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    V Sinclair

    On January 19, Fournier proposed the idea of the meme token Official TIKTOK COIN (TIKTOK). User X under the nickname Asta created the coin on Pump.fun and sent the public figure half of the emission. The token quickly skyrocketed in value, reaching a market capitalization of more than $90 million. However, on the evening of…

  • Wyoming pushes Bitcoin Bill to diversify State investments

    Wyoming pushes Bitcoin Bill to diversify State investments

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    V Sinclair

    ‘House Bill 0201 (HB0201)’, a legislative proposal that seeks to permit the state to allocate a portion of its public funds to Bitcoin investments.  The bill sets a cap of 3% on BTC investments from eligible state funds, including the general fund, the permanent mineral trust fund, and the permanent land fund. It authorizes the…

  • Top South Korean Presidential Candidates Support Legalising Bitcoin ETFs

    Top South Korean Presidential Candidates Support Legalising Bitcoin ETFs

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    Issac Lane

    South Korea may soon join the growing list of countries embracing cryptocurrency-based financial products, as the nation’s top presidential hopefuls have expressed support for legalising spot Bitcoin exchange-traded funds (ETFs). While the pledges have sparked optimism among investors and the crypto community, industry experts remain cautious, citing past delays and unmet promises. Presidential Hopefuls Signal…

  • Bitcoin Nears $100K: Signs Point to New Bull Cycle and Major Price Breakout

    Bitcoin Nears $100K: Signs Point to New Bull Cycle and Major Price Breakout

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    Issac Lane

    Bitcoin is inching closer to the much-anticipated $100,000 mark, with recent data and market analysis signalling the potential start of a powerful bull cycle. Experts suggest that the cryptocurrency’s latest price movement, supported by consistent capital inflows and record-breaking on-chain metrics, could pave the way for a significant price surge. Realised Cap Hits All-Time High…

  • VanEck Makes Bold Move with First Spot BNB ETF Filing in the US

    VanEck Makes Bold Move with First Spot BNB ETF Filing in the US

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    Issac Lane

    As altcoin ETF applications surge, VanEck’s filing marks a turning point for BNB and broader market sentiment. VanEck has officially filed for a spot BNB ETF in the United States — a historic first for the Binance native token. This development comes amid a growing wave of altcoin-based ETF filings, signalling rising confidence in crypto’s…

  • Litecoin Eyes Breakout as ETF Decision Looms

    Litecoin Eyes Breakout as ETF Decision Looms

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    Issac Lane

    Bullish signals and rising sentiment drive LTC upward while traders await the SEC’s crucial ETF ruling. Litecoin (LTC), often dubbed the “digital silver,” is showing signs of a bullish reversal just as the U.S. Securities and Exchange Commission (SEC) prepares to rule on a potential spot ETF. After dipping below $70 in early April, LTC…

  • Bitcoin Rally Splits Market: Miners Accumulate, Traders Hedge

    Bitcoin Rally Splits Market: Miners Accumulate, Traders Hedge

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    Oscar

    Bitcoin (BTC) recently surpassed the pivotal $95,000 mark, sparking mixed reactions across the market. While miners exhibit growing confidence, traders remain cautious, with derivatives data hinting at bearish sentiment. This divergence between key market participants raises questions about the coin’s next move. Miners Accumulate as Reserves Hit Turning Point Bitcoin’s decisive break above $95,000 has…