Month: May 2023

BTC, ETH Rebound on Wednesday, as Fed Meeting Looms – Market Updates Bitcoin News

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Bitcoin rebounded from Tuesday’s losses, as all focus in the market turned to today’s United States Federal Reserve rate decision. It is widely expected that the Fed will hike rates by 25 basis points in May’s meeting. Ethereum also moved higher, nearing $1,900 in the process. Bitcoin Bitcoin (BTC) rebounded on Wednesday, as all focus in the market turned to today’s Federal Reserve rate decision . Following a low of $27,935.73 on Tuesday, BTC/USD surged to an intraday high of $28,881.30 earlier in the day. This came as after bitcoin…

Bitcoin mainstream adoption on the rise, data shows 

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Data show that bitcoin (BTC) daily transactions have hit a new all-time high, while the number of addresses sending to exchanges has reached a 6-month low. Bitcoin’s bullish momentum continues to drive the cryptocurrency market forward as daily transaction volume reaches an all-time high of 682,000. This news is a strong indicator of growing mainstream adoption for Bitcoin and signals a positive trend for the entire cryptocurrency industry. Historically, daily transactions have been a leading indicator…

Litecoin price poised for 700% gains vs. Bitcoin, says Charlie Lee

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Litecoin (LTC) can make some big gains versus Bitcoin (BTC), particularly as the August halving event gets closer, according to Litecoin’s creator Charlie Lee. Litecoin up 85% since record lows versus Bitcoin Lee argues that LTC/BTC could rally to 0.025 BTC, or over 700%, in the next bull cycle, with Litecoin having “higher throughput by design, scalability with extension blocks, better fungibility, and privacy from MWEB.” Lee: “I can see an upside target of 10% (0.025 LTC/BTC). In the next bull market, 5% (0.0125) shouldn’t be too hard to achieve. I honestly…

Michael Saylor decodes bitcoin’s enigmatic future

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent CNBC interview, MicroStrategy CEO Michael Saylor unveils his bullish outlook on bitcoin (BTC). As he deciphers the digital asset’s complex trajectory, Saylor emphasizes the company’s unwavering conviction, bitcoin’s remarkable resilience, and the significance of a long-term perspective in navigating market volatility. Saylor made several revelations during his recent interview with CNBC, offering a treasure trove of facts and his bullish insights for bitcoin.  Despite suffering significant losses during the 2022 bear market when…

Coinbase going international sparks community reactions: ‘Crypto is global’

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Amid the regulatory struggles in the United States, crypto exchange Coinbase has decided to bring its business abroad with a global platform. Following this, members of the crypto community expressed their opinions, with some criticizing the Securities and Exchange Commission (SEC) and others expressing confidence in crypto’s future.  On May 2, the exchange announced the launch of Coinbase International Exchange (CIE), which is a crypto derivatives platform catering to institutional investors. Trading in the exchange will be offered to institutional clients in eligible jurisdictions outside of the U.S. It’s official!…