Bitcoin battles key resistance as trader flags $100K BTC price ‘magnet’
[Jun 3, 2024 8:05 AM] BTC price momentum is building as Bitcoin bulls attempt to cement $69,000 as support this month.
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Fold Adds New Feature And Team Member To Better Bank Bitcoiners
[Jun 3, 2024 8:01 AM] Fold recently released its Direct to Bitcoin feature as part of a set of features that the team at Fold calls its Bitcoin Checking Account. Fold Users can now auto-convert anywhere from 1% to 100% of their fiat deposits to bitcoin from a checking…
MicroStrategy and Michael Saylor settle tax case for $40M
[Jun 3, 2024 7:21 AM] In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia.
Bitcoin Blockchain Records $3.82 Billion in NFT Sales, Secures Fourth-Largest Spot
[Jun 3, 2024 7:12 AM] Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest…
First Mover Americas: Crypto Prices Tick Upward as Meme Coin Season Receives Fresh Impetus
[Jun 3, 2024 6:16 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for June 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Technical Analysis: Bulls Poised for Next Leg up, Targeting $70K
[Jun 3, 2024 5:37 AM] Over the past hour, bitcoin’s price has ranged from $68,915 to $69,121, with an intraday spread between $67,440 and $69,305. The 24-hour trading volume for bitcoin (BTC) is $23.02 billion, indicating robust market activity. The market…
A BTC price breakout 'never seen before' — 5 things to know in Bitcoin this week
[Jun 3, 2024 3:38 AM] Bitcoin market commentators are increasingly confident that BTC price action is building a breakout, which will make history.
Is This The Biggest Bitcoin Bull Run Ever? Analyst Says Yes!
[Jun 3, 2024 1:50 AM] Crypto analyst TechDev (@TechDev_52) recently shared a detailed chart analysis suggesting that Bitcoin might be on the cusp of its most significant breakout to date. This analysis, backed by historical patterns and technical indicators, points to a…
Mexican Billionaire Ricardo Salinas Urges Followers to Buy Bitcoin as Nigerian Naira Falls Under a Satoshi
[Jun 2, 2024 10:34 PM] Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as a hedge against the devaluation of fiat currencies. Salinas Pliego recommended purchasing bitcoin in response to a social media…
Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams
[Jun 2, 2024 8:23 PM] Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant…
Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin
[Jun 2, 2024 7:31 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials…
Bitcoin Price Slips Lower: Slow Descent or Opportunity Ahead?
[Jun 2, 2024 7:29 PM] Bitcoin price extended losses and declined below the $67,200 level. BTC found support near $66,650 and now consolidating in a range. Bitcoin spiked below $67,000 but the bulls are still in action. The price is trading above $68,000 and the 100…
Hong Kong Reveals 17 Crypto Trading Platform Applicants as New Regulations Take Effect
[Jun 2, 2024 6:20 PM] Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating…
Bitcoin post-halving run may reach $130K by September 2025
[Jun 2, 2024 6:08 PM] Trader Peter Brandt says Bitcoin’s bull run is following similar past post-halving cycles, and if it holds it could reach $130,000 by late next year.
Coinbase’s Legal Chief: SEC Is Bent on Choking the Digital Asset Industry
Banking Associations Support Resolution to Overturn SEC’s Controversial Crypto Rules
[Jun 2, 2024 12:35 PM] The American Bankers Association, Bank Policy Institute, Financial Services Forum, and Securities Industry and Financial Markets Association sent a letter to President Joe Biden on May 31, urging him to sign the resolution passed by Congress to…
BNB, AR, XMR, and TIA set to rally — Will Bitcoin's $70K breakout be the trigger?
[Jun 2, 2024 11:05 AM] Bitcoin price action could remain sideways for longer, but BNB, AR, XMR, and TIA may see some short-term gains.
Pro-Bitcoin President Bukele Begins Second Term in El Salvador
[Jun 2, 2024 10:46 AM] The pro-bitcoin president of El Salvador, Nayib Bukele, commenced his second term on June 1 at the National Palace in San Salvador, with his family and a large crowd in attendance. Despite rising economic concerns, Bukele’s popularity remains…
Bitcoin bull flag joins MACD to tease new BTC price all-time high next
[Jun 2, 2024 10:23 AM] Bitcoin traders remain bullish over a BTC price breakout despite months of consolidation — and on-chain data supports them.
Musk vs. Nakamoto: A 210% Bitcoin Surge Could Change the World’s Wealth Rankings
Sleepy Crypto Market ‘May Get Caught Offside’: QCP Capital Eyes Bullish Shift in Ethereum
[Jun 2, 2024 8:46 AM] This weekend, the Singaporean cryptocurrency firm QCP Capital reported a significant drop in market volatility after the approval of spot ethereum (ETH) exchange-traded funds (ETFs), despite ongoing catalysts. QCP highlighted that bitcoin is under…
Nigeria’s interest in Bitcoin unfazed by regulatory restrictions
[Jun 2, 2024 7:01 AM] Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin.
Bitcoin In ‘Euphoria Wave’ – How Long Until The Bull Run Ends?
[Jun 2, 2024 4:50 AM] The price of Bitcoin appears to have returned to a choppy market condition, quashing any hopes of a breakout to new highs soon. However, the good news is that the current bull cycle may still not be over, even though it is taking a while for the…
Ex-Banker Sentenced to 41 Months in US Prison for Crypto Fraud Scheme
[Jun 1, 2024 8:32 PM] Rashawn Russell, a former investment banker, was sentenced on Thursday to 41 months in prison for a cryptocurrency fraud scheme that caused $1.5 million in investor losses. From November 2020 to August 2022, Russell deceived multiple victims by…
Trump Becomes First President To Accept Bitcoin Lightning Payments For Campaign Donations
[Jun 1, 2024 7:52 PM] In a historic move, Donald Trump has become the first American President to accept Bitcoin Lightning Network payments for campaign donations. The announcement marks a significant step in the integration of Bitcoin into mainstream politics…
Donald Trump’s Crypto Portfolio Tops $14M Post-Conviction — Meme Coin Holdings Soar, Says Arkham
JPMorgan Predicts ‘Negative’ Initial Reaction for Ethereum ETFs — Expects Lower Demand Than Bitcoin ETFs
[Jun 1, 2024 5:20 PM] JPMorgan has predicted an initial negative market reaction for spot ethereum exchange-traded funds (ETFs), expecting lower demand compared to bitcoin ETFs. The global investment bank also cautions that approximately $1 billion may exit the…
Bankruptcy Court Backs Bittrex in Cryptocurrency Freeze Dispute
[Jun 1, 2024 4:14 PM] The bankruptcy proceedings of Bittrex Inc. involved a legal dispute over claims filed by Azim Ghader, who sought recovery for lost profits and damages after his cryptocurrency was frozen on the Bittrex exchange in 2017. The United States Bankruptcy…
Worrying Signs For XRP: Price Tumbles As Demand Dries Up
[Jun 1, 2024 3:30 PM] Crypto investors are keeping a close eye on Ripple (XRP) as technical indicators paint a concerning picture for the altcoin’s price. After closing below its 20-day exponential moving average (EMA) for four consecutive days, XRP has entered…
Cathie Wood’s Ark Invest Halts Spot Ethereum ETF Plans
[Jun 1, 2024 3:23 PM] Cathie Wood’s Ark Investment Management has withdrawn from the race to launch a spot ether exchange-traded fund (ETF), as its name was removed from the application filed with 21shares. The ETF, now renamed 21shares Core Ethereum ETF, reflects…