The CoinDesk Bitcoin Index XBX, which gathers pricing data from multiple exchanges, rose from below $42,000 earlier in the day to hit a session high of $43,868. It’s shed some of the gains since, retreating to around $43,500, still up nearly 5% over the past 24 hours. Original
Bitcoin (BTC) clipped $44,000 later on Dec. 5 as the Wall Street trading session delivered more snap BTC price gains. BTC/USD 1-hour chart. Source: TradingView Bitcoin applies more pressure to bears Data from Cointelegraph Markets Pro and TradingView followed a fresh round of upside for Bitcoin as it outpaced altcoins to reach $44,011 on Bitstamp. Taking week-to-date gains to 10%, this marked its highest levels since early April 2022 and represented a key challenge to significant resistance. As noted by popular trader and analyst Rekt Capital, $44,000 constitutes the high…
Representative Patrick McHenry, chair of the United States House Financial Services Committee and a proponent of many pieces of crypto-focused legislation, will be retiring from Congress. In a Dec. 5 statement, McHenry said he would not seek reelection to the U.S. House of Representatives and is expected to leave Congress in January 2025. He will have served for 20 years as a representative at the time of his departure, having been sworn in in January 2005. “This is not a decision I come to lightly, but I believe there is…
“IBM’s confidential computing division has been a reliable partner throughout the years, and we are pleased to complement Metaco’s catalog of institutional cold storage solutions with the unique air-gapped cold storage that OSO enables, especially as cold storage requirements are increasingly being stipulated by regulators in markets such as Singapore, Hong Kong and Japan,” said Metaco CEO Adrien Treccani in a statement. Source
An analyst has explained how Solana may be at risk of a correction based on the data of two SOL technical indicators. Solana Has Recently Observed The Formation Of Two Bearish Signals In a new post on X, analyst Ali has discussed why SOL could be at risk of seeing a retracement shortly. The analyst has referred to two technical indicators for the coin: the TD Sequential and RSI. The first of these, the Tom Demark (TD) Sequential, is a metric generally used for spotting probable reversal points in any asset’s…
Gold, oft-mentioned in the same breath as bitcoin for its properties as a hedge against easy (or overly easy) central bank monetary policy, has been on the move as well, rising more than 10% since the start of October, and touching a new all-time high above $2,100 per ounce earlier this week. Original
According to Floki, DWF Labs has helped the ecosystem in many ways, including assisting in listing the token on crypto exchanges to make FLOKI accessible to users from around the world. Crypto market-maker (MM) DWF Labs has acquired an additional $1.25 million worth of FLOKI tokens to support the advancement of the ecosystem. According to a blog post on December 5, the memecoin project Floki Inu announced that the liquidity provider had increased its portfolio with more tokens purchased from the Floki Treasury in early November. DWF Labs Partners FLOKI…
Although Bitcoin has outperformed XRP in 2023, there is the chance that XRP could follow in Bitcoin’s footsteps for a December bull run. Bitcoin has had a relatively good year, returning more than 144% to investors since January. The king coin has also climbed nearly 14% in the past month and about 10% since December 1st. Currently trading above $42,000 according to CoinMarketCap data, Bitcoin has gained almost 2% in the last 24 hours and seems to be on track to end the year impressively. The increase in Bitcoin’s price…
In a recent YouTube video, the analyst behind the NCashOfficial – Daily Crypto News channel shared his outlook on the crypto market and predicted Bitcoin could reach $100,000 ahead of its 2024 halving. While noting Bitcoin’s current price is above $40,000, the analyst said he remains bullish in the short term and believes the top cryptocurrency is mirroring price action from previous market cycles. Specifically, he pointed to analysis showing that 200 days before the last two Bitcoin halvings, its price was down 60-65% from its all-time high – similar…
As McHenry, the chairman of the House Financial Services Committee, continues to shepherd two significant pieces of digital assets legislation toward floor votes in the House of Representatives, his decision could set a clock on getting that task accomplished. Rep. French Hill (R-Ark.), the chair of that panel’s crypto-focused subcommittee, has already indicated that progress on the bills – one to regulate U.S. stablecoin issuers and one to establish rules for the wider crypto markets – will shift into the first months of next year. Source