Bitcoin’s price on June 14, 2024, stands at $67,046, with intraday prices ranging from $66,425 to $68,506. The leading crypto asset’s market capitalization is $1.31 trillion, and the 24-hour trading volume is $23.92 billion. Technical analysis across multiple time frames indicates a prevailing downtrend, highlighting critical support and resistance levels for traders. Bitcoin Bitcoin’s hourly […] Original
In an analysis released Thursday, leading global investment firm AllianceBernstein with assets under management worth $725 billion significantly elevated its price target for Bitcoin, predicting the premier cryptocurrency will reach $1 million by 2033. This bullish outlook is underscored by a new wave of adoption via US spot Bitcoin exchange-traded funds (ETFs) managed by heavyweight asset managers including BlackRock, Fidelity, and Franklin Templeton. Bitcoin’s Path To $1 Million In 2033 Analysts Gautam Chhugani and Mahika Sapra from Bernstein outline a detailed scenario where they expect the assets under management in…
The Ghanaian central bank recently collaborated with the Monetary Authority of Singapore (MAS) to demonstrate the use of digital credentials in international trade. The second phase of Project DESFT culminated in the execution of cross-border trade between the West African nation and Singapore in April 2024. Ghana’s CBDC to Streamline Cross-Border Trade The Bank of […] Source CryptoX Portal
A money laundering trial is still scheduled with Gambaryan and Nadeem Anjarwalla remaining on that case. The next hearing in this case is scheduled for June 19th “where the application for an order for the enforcement of fundamental rights will be heard,” the statement said. The trial is due to resume on June 20th. Gambaryan is still detained at Kuje prison. Source
“Looking at the technicals, both Bitcoin and Ethereum look bearish, but ETH looks worse than BTC,” Rachel Lin, CEO and co-founder of SynFutures, said in a Telegram message. Unless ETH reclaims the $3,700 level soon, we might see more downside in the coming days and weeks. Original
There’s a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report. Source
The body will aim to act as a bridge as the private sector and the government work together to supervise the industry. Its first task will be to formulate a self-regulation code that covers industry classification, listing and delisting, consumer protection, risk control, transaction monitoring and advertising solicitation, according to the blog post. Source
The Solana blockchain has revealed a sobering story, adding to the turbulence in the bubbly world of memecoins, such as BEER. The coin rose to prominence in recent weeks, experienced a dramatic price swing, and raising concerns about the inherent volatility and risks associated with these internet-driven tokens. Related Reading Whales And Rug Pulls: A Recipe For Disaster BEER’s wild ride began with a classic memecoin scenario: a surge in popularity fueled by online hype and community buzz. However, this exuberance masked a lurking danger – the outsized influence of…
The South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $1,350 to $54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South Africa account for the lion’s share of Pick n Pay’s crypto transactions. Retailer Sees More Crypto Transactions in […] Source CryptoX Portal
Bitcoin has declined 6% in one week even as Nasdaq rallies to fresh record highs. Original