Day: May 11, 2024

Why Bitcoin’s Post-Halving Rally Is Certain, Analyst Explains

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Bitcoin experienced a price decline of 3.06% on Friday, falling as low as $60,372.36 based on data from CoinMarketCap. With the crypto market leader now in a consolidation phase, a trading analyst with X username Titan of Crypto has expressed resilient faith in Bitcoin’s ability to produce a post-halving price rally. Related Reading Bitcoin Rise Inevitable, Analyst Pinpoints $150,000 Price Target In a series of X posts on Friday, Titan of Crypto shared some interesting bullish predictions on the Bitcoin market. Firstly, the analyst noted that amidst BTC’s price decline,…

IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in the recent shocks from the coronavirus pandemic, the geopolitical situation with Russia, and national security concerns. IMF Executive: Nations Examining Reliance on U.S. Dollar […] Source CryptoX Portal

Centralized Crypto Exchange Trading Volume Plummets in April After Six Months of Consecutive Gains: CCData

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New data reveals that the overall trading volume of centralized crypto exchanges (CEXs) plummeted in April after six consecutive months of gains. According to blockchain tracker CCData, the combined volume of spot market and derivatives trading on centralized exchange platforms fell by a staggering 43.8% to $6.58 trillion. The firm’s charts indicate that in March, the combined volume was about $11 trillion and in February, it was approximately $8 trillion. However, the chart also reveals that the overall volume in April 2024 is still higher than it was during any…

Blast From The Past? Analyst Identifies Pivotal Summer For VeChain With This Bullish Fractal

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Over the past few weeks, the price of VeChain (VET) has struggled to live up to the promise and vigor it showed at the start of the year. This has been the story with a significant portion of the cryptocurrency market, with several large-cap altcoins down by double-digits in the past month. However, the VeChain token has been a hot subject of discussion in the circle of cryptocurrency analysts and pundits. Popular crypto analyst Ali Martinez is amongst the latest to put forward future projections for the token. Can VeChain…

Bitcoin & Solana see light wobble following Rollblock’s ICO launch

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin and Solana correct after highs; Bitcoin’s halving anticipated to rally despite bearish pressure, while Rollblock presale gains traction as a potential 30x token by 2024. Bitcoin and Solana have both faced corrections over the last month; this follows a quarter of price increases during which Bitcoin hit an all-time high. With Bitcoin’s halving on the way, experts believe BTC will rally, though with increased bearish pressure, while Solana…

India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers

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Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the country’s anti-money laundering regulations. Kucoin and Binance Registered With FIU India The Financial Intelligence Unit – India […] Source

Stan Druckenmiller Slams Bidenomics — Advocates for Less Government to Boost Innovation

Renowned investor Stanley Druckenmiller has criticized Bidenomics, stating that he would give it an F if he was a professor. “Treasury is still acting like we’re in a depression,” he said, adding that “they’ve spent and spent and spent.” Moreover, Druckenmiller stressed: “Now, you’ve got blockchain, you’ve got AI, you’ve got the whole thing. All […] Source CryptoX Portal