Day: May 2, 2025

Bitcoin hits new 10-week high as Trump demands rate cut on US jobs beat

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Key points: The US labor market is “still holding up” as nonfarm payrolls data comes in higher than expected. Bitcoin and stocks head higher as US President Donald Trump repeats calls for the Fed to lower interest rates. BTC price action may spark a “liquidity grab” above $97,000, a trader warns. Bitcoin (BTC) hit new multimonth highs after the May 2 Wall Street open as US nonfarm payrolls data beat expectations. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin meanders after nonfarm payrolls beat Data from Cointelegraph Markets Pro and TradingView showed…

SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus

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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. SUI is now trading at a pivotal level after confirming a bullish structure on the short-term chart. Following a strong recovery from its local lows in early April, the…

Bitcoin price prediction – BlackRock’s $700,000 target meets CryptoQuant’s reality check

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Has Bitcoin price prediction turned a corner, with real on-chain movement toward $175,000 — or are we skipping steps by already entertaining BlackRock’s $700,000 thesis? BTC nears $98K as bullish momentum reignites After weeks of sideways movement, Bitcoin (BTC) nearly touched $98,000 on May 2, reaching a high of $97,905. As of this writing, BTC is trading around $97,650, slightly below its peak but still holding most of its recent gains. BTC price chart | Source: crypto.news From a historical standpoint, Bitcoin has recovered more than 24% from its February…

Texas lawmaker pushes for crypto ATMs in federal buildings

Texas Representative Lance Gooden has formally asked the General Services Administration to consider installing cryptocurrency ATMs in federal buildings across the United States.  Gooden cited the need to modernize public infrastructure and support a growing segment of Americans engaging with digital assets. In a May 1 letter to Acting GSA Administrator Stephen Ehikian, Gooden urged the agency to begin evaluating the feasibility of the initiative, emphasizing that such a move would “signal to the public that the government is embracing innovation in a secure and responsible manner.” The proposal aligns…

Immutable (IMX) Turns Bullish as Volume Skyrockets 300%

Key Notes IMX is currently trading at $0.639 after a sharp 12% daily rally. The token has broken out of a downward channel that lasted since February. Long/short ratio at 1.004 indicates a shift toward bullish market positioning. Immutable’s native token IMX IMX $0.59 24h volatility: 5.2% Market cap: $1.08 B Vol. 24h: $49.98 M emerged as one of the best performers for today, surging nearly 12% in the past day. Currently trading at $0.639, IMX has managed to break out of a stubborn downward channel that had capped its…

Dogecoin Eyes $1.80 In Summer Rally, Predicts Crypto Analyst

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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. The Dogecoin monthly chart has begun to echo the rhythmic, momentum-laden structures that prefaced each of the meme-coin’s historical breakouts, according to independent market technician Kevin, better known on…

Free speech is at risk without decentralized, open-source technology

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Opinion by: Chris Jenkins, adviser to Pocket Network Tim Berners-Lee’s vision of the World Wide Web is dead. Instead of an open and accessible global information system, the web is controlled by centralized global data conglomerates, which don’t just restrict free speech but also monetize your data as a price of entry. Web2 firms have built walled gardens with massive information asymmetry between companies and users. Blockchain-based decentralized tech challenges the status quo, offering an alternative to Web2’s closed-source infrastructure.  It enables developers and engineers to build a censorship-resistant and…

Tether Launches New Stablecoin in U.S. Expansion Push

Key Notes Tether announced a new U.S.-based stablecoin at Token2049 Dubai. The stablecoin aims to meet U.S.regulatory standards and operate separately from USDT. CEO Paolo Ardoino is strengthening ties with U.S.lawmakers and regulators. . Stablecoin issuer Tether plans to launch a new dollar-pegged stablecoin based in the United States that will comply with domestic regulatory requirements. This new stablecoin is expected to operate independently from the existing USDT. Tether’s CEO, Paolo Ardoino, announced the development at Token2049 Dubai, revealing that the company is actively working with U.S. regulators to release…

Fold holds Opening Bell ceremony for the first Bitcoin financial services listing on Nasdaq

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Bitcoin rewards and payments platform Fold is the first publicly traded company of its kind on the Nasdaq. Bitcoin (BTC) is going more mainstream with each passing week. On Friday, May 2, Fold held an Opening Bell ceremony at the Nasdaq headquarters to celebrate its public listing. Trading under the ticker $FLD, it is the first publicly traded company focused specifically on Bitcoin financial services. “Ringing the bell at Nasdaq is a celebration of the journey from Bitcoin’s edges to the heart of global finance. We’re proud to represent the…

Crypto Daybook Americas: All Eyes on Jobs, Fed as Bitcoin Prepares for Breakout Rally

By Francisco Rodrigues (All times ET unless indicated otherwise) Markets seem bullish ahead of the jobs report due later Friday, with bitcoin (BTC) rising toward $97,000 after stocks rose for an eighth straight day on Thursday. That gave the S&P 500 its longest rally since August as investors grew more confident that trade tensions between Washington and Beijing are cooling. Still, the CryptoX 20 (CD20) index is little changed over the last 24 hours with the drop in first-quarter GDP pointing to economic strain from the trade war. While traders…