Day: July 23, 2024

Is Another Pump on the Horizon?

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Bitcoin price remained below the $68,500 resistance zone. BTC is consolidating its gains and might aim for a fresh upward move in the near term. Bitcoin started a consolidation phase below the $68,500 resistance zone. The price is trading above $66,800 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $62,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains and trade above the $68,500 resistance zone. Bitcoin Price Holds Gains Above $67K…

Analysts Predict US Dollar Trends Amid Biden’s Withdrawal and Trump’s Lead

Analysts have commented on the U.S. dollar trend following President Joe Biden’s decision not to seek re-election, noting a slight decline in the dollar against a basket of currencies. Bank of America’s head of global foreign exchange research mentioned: “There is a growing consensus that the dollar will be stronger if Trump wins due to […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Will Bitcoin Reach A New All-Time High? Crypto Analyst Reveals Why $90,000 Is Possible

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Crypto analyst RLinda has made a bullish case for Bitcoin, suggesting that the flagship crypto could soon hit a new all-time high (ATH). She also provided reasons why Bitcoin could rise to as high as $90,000.  Why Bitcoin Could Rise To As High As $90,000 RLinda mentioned in a post on TradingView that fundamental and technical preconditions support further price growth for Bitcoin, which could send its price to as high as $90,000. On the Fundamental side, she noted that the market is waiting for the Spot Ethereum ETFs launch,…

Which Digital Asset Led the Charge?

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The global crypto investment market has witnessed a significant influx of capital, with recent reports indicating a continued positive trend in inflows. According to the latest data from CoinShares, digital asset investment products have seen an additional $1.35 billion in net inflows last week. This recent injection of funds has brought the total for the current positive streak to $3.2 billion. The fact that money has been flowing to this extent is a testament to the amount of steam behind recent market sentiment and confidence among investors regarding cryptocurrencies. According…

Ethereum ETFs get final approval to trade in the US

The U.S. SEC has granted the final go-ahead for the first spot ETH ETFs in the United States. Trading is set to begin tomorrow, July 23.  Today, July 22, the U.S. Securities and Exchange Commission accepted the securities filings of several spot Ethereum (ETH) exchange-traded funds, clearing them for trading starting on Tuesday, as scheduled. The SEC approved ETH ETF products from a total of eight issuers, including asset management giants Fidelity, Blackrock and VanEck, as well as 21Shares, Bitwise and others.  The SEC first approved applications for the above…

Trump’s Claims About El Salvador and President Bukele Debunked

Former U.S. President Donald Trump stated that El Salvador’s 70% drop in murders was due to criminals being sent to the U.S. However, PBS fact-checked and found this claim false, attributing the decline to Salvadoran President Nayib Bukele’s anti-crime measures. El Salvador’s prison population has surged, contradicting Trump’s statement. Notable bitcoin proponents like Max Keiser […] Source CryptoX Portal