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CATEGORY: price watch

Bitcoin daily close above $65,000 is pivotal to start an upward movement Kraken
Author: Gino Matos
United States
Source: CryptoSlate
Sep 27, 2024 01:10

Bitcoin daily close above $65,000 is pivotal to start an upward movement Kraken

Bitcoin (BTC) is currently testing a key resistance level at $65,000 that is pivotal to market sentiment, according to a recent report published by Kraken on Sept. 26. The report noted that Bitcoin has reclaimed all its major moving averages, which could lead to continued bullish momentum in the coming days. It added that recent […]

The post Bitcoin daily close above $65,000 is pivotal to start an upward movement Kraken appeared first on CryptoSlate.

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Franklin Templeton, Citigroup turn to Solana for next-gen financial services
Author: Assad Jafri
United States
Source: CryptoSlate
Sep 21, 2024 01:10

Franklin Templeton, Citigroup turn to Solana for next-gen financial services

Global financial giants Franklin Templeton and Citigroup have announced have announced plans to adopt the Solana blockchain for their upcoming financial services. Franklin Templeton, a $1.4 trillion asset manager, plans to launch a mutual fund natively on Solana, while Wallstreet giant Citi is exploring the blockchain’s capabilities for smart contracts and cross-border money transfers. The […]

The post Franklin Templeton, Citigroup turn to Solana for next-gen financial services appeared first on CryptoSlate.

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Bitcoin ETFs record $150 million inflow amid price rebound
Author: Oluwapelumi Adejumo
United States
Source: CryptoSlate
Sep 21, 2024 01:10

Bitcoin ETFs record $150 million inflow amid price rebound

Bitcoin price dipped to a daily low of $62,586 after briefly touching the $64,000 mark for the first time this month. According to CryptoSlate data, the flagship digital asset has since recovered the dip and was trading at $63,127 as of press time. Nevertheless, the current price reflects a notable recovery from its dip to […]

The post Bitcoin ETFs record $150 million inflow amid price rebound appeared first on CryptoSlate.

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Bitcoin holds above $60k amid heavy volatility after FOMC confirms 50bp rate cut
Author: Assad Jafri
United States
Source: CryptoSlate
Sep 19, 2024 01:10

Bitcoin holds above $60k amid heavy volatility after FOMC confirms 50bp rate cut

Bitcoin (BTC) experienced heavy volatility on Sept. 19 following the Fed’s FOMC meeting but maintained its position above the $60,000 threshold. Fed chair Jerome Powell confirmed weeks of speculation by announcing a 50 basis point rate cut after four years of restrictive monetary policy. According to the press release: “The Committee has gained greater confidence […]

The post Bitcoin holds above $60k amid heavy volatility after FOMC confirms 50bp rate cut appeared first on CryptoSlate.

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Bitcoin rebounds past $61,000 amid Fed rate cut speculation
Author: Assad Jafri
United States
Source: CryptoSlate
Sep 18, 2024 01:10

Bitcoin rebounds past $61,000 amid Fed rate cut speculation

Bitcoin surged almost 6% to above $61,000 before losing momentum as anticipation builds ahead of the Federal Reserve’s key interest rate decision on Sept. 18. This marks the end of a brief three-day dip, where Bitcoin slid from its recent two-week high before rebounding. The latest rally positions the world’s most valuable crypto back above […]

The post Bitcoin rebounds past $61,000 amid Fed rate cut speculation appeared first on CryptoSlate.

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Institutional investors bought the dip despite Bitcoins steep crash below $50,000
Author: Assad Jafri
United States
Source: CryptoSlate
Aug 09, 2024 01:10

Institutional investors bought the dip despite Bitcoins steep crash below $50,000

Crypto traders have quickly resumed placing optimistic bets on Bitcoin in the options market despite the recent market crash, which resulted in billions of dollars in liquidations, Bloomberg News reported, citing market experts. Bitcoin fell to a low of $48,818 on Aug. 5, its lowest since February, amid mounting fears of a recession and potential […]

The post Institutional investors bought the dip despite Bitcoin’s steep crash below $50,000 appeared first on CryptoSlate.

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Judge ends Ripple, SEC lawsuit with $125 million fine, XRP surges 18%
Author: Gino Matos
United States
Source: CryptoSlate
Aug 08, 2024 01:10

Judge ends Ripple, SEC lawsuit with $125 million fine, XRP surges 18%

The court has levied a $125 million fine on Ripple in the lawsuit filed by the US Securities and Exchange Commission (SEC), ending the four-year-long dispute. XRP’s price leaped 18% in minutes after the news broke and was trading at $0.61 as of press time, based on CryptoSlate data. District Judge Analisa Torres from the […]

The post Judge ends Ripple, SEC lawsuit with $125 million fine, XRP surges 18% appeared first on CryptoSlate.

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Ethereum ETFs register two consecutive days of inflows
Author: Gino Matos
United States
Source: CryptoSlate
Aug 08, 2024 01:10

Ethereum ETFs register two consecutive days of inflows

Spot Ethereum (ETH) exchange-traded funds (ETFs) registered $98.4 million in inflows on Aug. 6, the second largest inflow since the funds began trading in July, based on Farside Investors’ data. Notably, this was the second consecutive day of inflows for spot Ethereum ETFs traded in the US, amounting to $147.2 million. BlackRocks ETHA assets under […]

The post Ethereum ETFs register two consecutive days of inflows appeared first on CryptoSlate.

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Ethereum price struggles as large holders continue offloading
Author: Gino Matos
United States
Source: CryptoSlate
Aug 06, 2024 01:10

Ethereum price struggles as large holders continue offloading

Ethereum (ETH) price is still under heavy sell pressure after the weekend’s market crash, with major holders continuing to offload despite bulls attempting a recovery. According to X (formerly Twitter) user Lookonchain, a whale and asset manager Metalpha dumped nearly $73 million in ETH in the latter hours of trading on Aug. 5. Onchain data […]

The post Ethereum price struggles as large holders continue offloading appeared first on CryptoSlate.

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Bitcoin falls to $57k as market bleeds amid fears of recession, war
Author: Assad Jafri
United States
Source: CryptoSlate
Aug 05, 2024 01:10

Bitcoin falls to $57k as market bleeds amid fears of recession, war

Bitcoin (BTC) fell below key support levels as markets continued to bleed over the weekend due to fears of an impending global recession and escalating tensions in the Middle East. The flagship crypto has fallen more than 8% since the start of the weekend to $57,040   the lowest price recorded in almost three weeks. […]

The post Bitcoin falls to $57k as market bleeds amid fears of recession, war appeared first on CryptoSlate.

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Telegram founder Pavel Durov arrested in France, TON price drops 16%
Author: News Desk
United States
Source: CryptoSlate
Aug 26, 2024 01:10

Telegram founder Pavel Durov arrested in France, TON price drops 16%

Pavel Durov, the 39-year-old founder and CEO of the encrypted messaging app Telegram, was arrested around 8 PM on Saturday at Le Bourget airport in France. Durov, a French-Russian national, was detained by the Air Transport Gendarmerie (GTA) upon disembarking from his private jet. He was accompanied by a bodyguard and a woman. Durov’s arrest […]

The post Telegram founder Pavel Durov arrested in France, TON price drops 16% appeared first on CryptoSlate.

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Bitcoin surges past $63k as Robert F. Kennedy Jr. withdraws and endorses Trump
Author: Gino Matos
United States
Source: CryptoSlate
Aug 24, 2024 01:10

Bitcoin surges past $63k as Robert F. Kennedy Jr. withdraws and endorses Trump

US presidential candidate Robert F. Kennedy Jr. announced his decision to withdraw from the 2024 presidential race and endorse former President Donald Trump during a press conference in Arizona on Aug. 23. The announcement, combined with Fed chair Jerome Powell’s bullish speech earlier in the day, caused Bitcoin (BTC) to surge 2.5% in the past […]

The post Bitcoin surges past $63k as Robert F. Kennedy Jr. withdraws and endorses Trump appeared first on CryptoSlate.

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Bitcoin climbs to $61.7k as Fed minutes hint at rate cut in September
Author: Gino Matos
United States
Source: CryptoSlate
Aug 22, 2024 01:10

Bitcoin climbs to $61.7k as Fed minutes hint at rate cut in September

Bitcoin (BTC) is back above $61,000 after leaping 3.5% in the past 24 hours, fueled by the release of bullish Fed minutes related to the July meeting on Aug. 21. Ethereum (ETH) followed with 1.5% growth in the same period, while Solana (SOL) remained in the red for the day down 0.6% as of […]

The post Bitcoin climbs to $61.7k as Fed minutes hint at rate cut in September appeared first on CryptoSlate.

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Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k
Author: Assad Jafri
United States
Source: CryptoSlate
Aug 21, 2024 01:10

Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k

Bitcoin experienced a sharp decline on Aug. 20, falling below the $59,000 mark as selling pressure intensified, leading to significant liquidations in the crypto market. The flagship crypto slid over 3% in an hour, giving up almost all of its gains over the previous trading day after touching a weekly high of $61,400. Bitcoin was […]

The post Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k appeared first on CryptoSlate.

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Trump touts Bitcoins potential to wipe out US national debt, says its a very big thing
Author: Assad Jafri
United States
Source: CryptoSlate
Aug 03, 2024 01:10

Trump touts Bitcoins potential to wipe out US national debt, says its a very big thing

Former President Donald Trump has suggested that Bitcoin could be a key tool in addressing the United States’ burgeoning national debt, which has officially hit $35 trillion as of July 31. In an interview on Fox News on Aug. 2, Trump proposed an unconventional approach, hinting at the possibility of utilizing the flagship crypto to […]

The post Trump touts Bitcoins potential to wipe out US national debt, says its ‘a very big thing’ appeared first on CryptoSlate.

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VanEck CEO foresees Bitcoin hitting $350k as regulators begin quantitative easing
Author: Assad Jafri
United States
Source: CryptoSlate
Aug 03, 2024 01:10

VanEck CEO foresees Bitcoin hitting $350k as regulators begin quantitative easing

Jan Van Eck, CEO of the $107 billion asset manager VanEck, has predicted that Bitcoin could rally to $350,000 per coin as central banks embark on quantitative easing. In a recent interview with Fox Business, Van Eck expressed his bullish outlook, suggesting that Bitcoin’s market cap could reach half that of gold. He said: Eventually, […]

The post VanEck CEO foresees Bitcoin hitting $350k as regulators begin quantitative easing appeared first on CryptoSlate.

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Crypto adoption jumps 6.4% in H124 on the back of Bitcoin, Ethereum milestones
Author: Assad Jafri
United States
Source: CryptoSlate
Aug 20, 2024 01:10

Crypto adoption jumps 6.4% in H124 on the back of Bitcoin, Ethereum milestones

The global cryptocurrency market experienced a significant increase in ownership during the first half of the year, according to Crypto.com’s latest market sizing report. The number of owners rose 6.4% to 617 million by June from 580 million at the end of 2023. The growth was mainly driven by key developments in the Bitcoin and […]

The post Crypto adoption jumps 6.4% in H1’24 on the back of Bitcoin, Ethereum milestones appeared first on CryptoSlate.

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Bitcoin holds $56k support amid heightened volatility as options expiry looms
Author: Assad Jafri
United States
Source: CryptoSlate
Aug 16, 2024 01:10

Bitcoin holds $56k support amid heightened volatility as options expiry looms

Bitcoin briefly fell below $56,000 on Aug. 15 before marking a slight recovery above $57,000 amid heavy volatility in anticipation of the expiry of a large volume of options contracts. The looming expiry could trigger significant volatility, with traders closely watching whether the crucial support level will hold. In the past 12 hours, Bitcoin has […]

The post Bitcoin holds $56k support amid heightened volatility as options expiry looms appeared first on CryptoSlate.

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US government transfers 10,000 Silk Road BTC to Coinbase Prime, Bitcoin price holds steady
Author: Gino Matos
United States
Source: CryptoSlate
Aug 15, 2024 01:10

US government transfers 10,000 Silk Road BTC to Coinbase Prime, Bitcoin price holds steady

A Bitcoin (BTC) address that received 10,000 BTC from a US government wallet two weeks ago moved the entire stash to a Coinbase Prime deposit wallet today, according to on-chain data. The BTC moved in the transaction is part of the crypto seized from the now-defunct dark web market Silk Road. The amount is equivalent to […]

The post US government transfers 10,000 Silk Road BTC to Coinbase Prime, Bitcoin price holds steady appeared first on CryptoSlate.

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Bitcoin climbs almost 5% to $61.5k as market reacts positively to Mt. Gox distributions
Author: Assad Jafri
United States
Source: CryptoSlate
Aug 14, 2024 01:10

Bitcoin climbs almost 5% to $61.5k as market reacts positively to Mt. Gox distributions

Bitcoin’s price climbed to $61,500 on Aug. 13 following the movement of $2 billion in Bitcoin tied to the long-defunct Mt. Gox exchange. The rally, which saw the leading crypto jump by nearly 5% in just one hour, has ignited renewed optimism in the market. Bitcoin gave up some of the day’s gains after a […]

The post Bitcoin climbs almost 5% to $61.5k as market reacts positively to Mt. Gox distributions appeared first on CryptoSlate.

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