Day: April 29, 2025

Betting markets’ Q1 US GDP forecast flips negative amid tariff turmoil

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Bettors on prediction platforms Polymarket and Kalshi are flipping bearish on the US economy. As of April 29, both platforms are predicting that the US will log an economic contraction during the first quarter of 2025 in an upcoming economic data release. The US has logged positive growth figures every quarter since 2022, and a reversal in that trend could mark the start of a recession. The pessimistic outlook marks a stark sentiment shift for prediction markets, which had recently anticipated a positive US growth report. On April 29, consensus…

Ethereum Price Completes Structure Break As Buyers Take Control, Why A Surge Above $4,400 Is Possible

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Technical analysis shows that Ethereum’s price action is currently completing a market structure that shows signs of revival. After weeks of struggling below key levels, Ethereum now appears to…

Ethereum Classic price prediction for 2025 and beyond

Bitcoin is trading over $95k and gunning for the $100k level again. Meanwhile, Ethereum has broken out of a big range and moved closer to the $2000 level. Following this, Ethereum Classic has also experienced bullish momentum. Let’s find out how high it can go in this Ethereum Classic price prediction. Since its launch, Ethereum Classic (ETC) has seen an all-time high of $167.09 back in May 2021, and since then, the price has seen a decline of 89.8%. At the time of writing, it is now trading at $17.05,…

Indian high court orders steps to block Proton Mail

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A court in India has ordered the encrypted email service Proton Mail blocked in the country for refusing to share information with authorities. In an April 29 hearing of the High Court of Karnataka, Justice M Nagaprasanna ordered the government to “block forthwith” domain names associated with Proton Mail, citing authority under the country’s Information Technology Act of 2008. The order stemmed from a complaint filed in January by a New Delhi-based design firm, alleging that some of its employees received offensive emails through the service.   It’s unclear whether the…

SEC punts decisions on XRP, DOGE ETFs

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The US Securities and Exchange Commission (SEC) has postponed deciding on whether to greenlight two proposed cryptocurrency exchange-traded funds (ETFs) holding Dogecoin and XRP, filings show.  The US regulator has delayed its deadline for ruling on the proposed ETF listings until June, according to two filings reviewed by Cointelegraph.  The filings were responses to March requests from US exchanges NYSE Arca and Cboe BZX Exchange to list Bitwise’s Dogecoin (DOGE) ETF and Franklin Templeton’s XRP (XRP) ETF, respectively.  They came on the same day that Nasdaq, another US exchange, asked…

Ethereum Consolidates Against Bitcoin – Dominance Shift On The Horizon?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is currently trading above the $1,800 mark, holding strong after weeks of volatility but struggling to reclaim the critical $2,000 resistance level. Bulls have managed to push prices…

Bitcoin Price (BTC) News: $96K in Sight

The crypto market experienced another relatively calm day on Tuesday despite widespread pessimism about the impact of the Trump administration’s tariffs on the economy. Bitcoin (BTC) is up 1% in the last 24 hours, trading at almost $95,400 and within sight of topping $96,000 for the first time since the second half of February. The CryptoX 20 — an index of the top 20 cryptocurrencies by market capitalization except for stablecoins, exchange coins and memecoins — rose 1.1%, with Bitcoin Cash (BCH) outshining the rest of the index by surging…

Trump’s 100-day speech could signal Bitcoin policy shift: analysts 

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Bitcoin markets are closely tracking upcoming political events, with Bitfinex analysts highlighting President Donald Trump’s 100-day address as a potential inflection point for crypto.  Investors are watching for any indication of alignment between U.S. policy and Bitcoin’s (BTC) future role in the economy. Bitfinex analysts wrote in a note shared with crypto.news that the market will be particularly attuned to mentions of a strategic crypto reserve, deregulatory measures aimed at unlocking capital into U.S.-based digital asset platforms, or rhetoric that frames Bitcoin as part of America’s financial infrastructure.  Even without…

Bitget, Avalanche form crypto partnership in India

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Bitget, a cryptocurrency exchange with 100 million users, has announced a partnership with Avalanche to support community initiatives across India, one of the fastest-growing areas for crypto and Web3 developers. The partnership will see at least $10 million doled out in mini-grants, scholarships, hackathons, and workshops to the Web3 community in the country. The initial focus will be in Delhi and Bangalore. Delhi is the most populous city in India, and Bangalore is known as the local “Silicon Valley.” Cryptocurrency activity in India has surged over the past two years.…