Day: May 6, 2025

Strategy Expands Bitcoin Investments With Latest Purchase, Now Holding 555,450 BTC In Total

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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. In a recent filing with the US Securities and Exchange Commission (SEC), Strategy (formerly Microstrategy), disclosed the purchase of an additional 6,556 Bitcoin (BTC) at an average price of…

Solana (SOL) Faces Continued Downside Risk—More Losses Likely

Solana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support. SOL price started a fresh decline below the $150 and $148 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a short-term rising channel or a continuation pattern forming with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears…

Bitcoin In The Middle Of A Decision Point, Analyst Says—Here’s Why

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An on-chain analyst has explained how Bitcoin could be in the middle of a decision point based on its supply cost basis distribution. Bitcoin Is Currently Retesting A Major Supply Cluster In a new post on X, analyst Checkmate has talked about how Bitcoin is looking based on its UTXO Realized Price Distribution (URPD). The URPD is an on-chain indicator that tells us about what part of the BTC supply was last purchased at the different price levels that the cryptocurrency has visited in its history. Below is the chart…

Latam Insights Encore: I’m Convinced: Bukele Outsmarted the IMF, Even if We Don’t Know How

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how President Nayib Bukele has continued to purchase bitcoin, complying with the IMF policies of non-bitcoin accumulation established in their credit facility deal. Latam Insights Encore: Bukele Outsmarted The IMF While […] Source CryptoX Portal

Florida takes strategic Bitcoin reserve bills off the table

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Two Florida crypto bills have been removed from the legislative process in the latest blow to American state-level strategic Bitcoin reserve ambitions.  Florida’s House Bill 487 and Senate Bill 550 have been “indefinitely postponed and withdrawn from consideration” on May 3, according to the Florida Senate.  Florida’s legislative session adjourned on May 2 without the passage of these two bills, which would have advanced legislation to establish a crypto reserve for the state. The Senate and House agreed to extend the session until June 6 to address budget plans.  Lawmakers…

U.S. Crypto Market Structure Bill Unveiled by House Lawmakers

Crypto’s big show in the U.S. Congress has been unveiled in the form of a discussion draft of legislation that would establish for the first time a comprehensive domestic regime for regulating digital assets. The House Financial Services Committee and House Agriculture Committee — both sharing responsibility for the jurisdiction-hoping assets — released a working draft of a bill on Monday that Representative French Hill, chairman of the financial-services panel, said can deliver “much-needed regulatory clarity.” “Today marks the first step in advancing a comprehensive framework that protects consumers, fosters…

Key Support Levels In Jeopardy

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

On-Chain Data Shows Over 51,000 Bitcoin Withdrawn From Binance Since Mid-April

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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. Bitcoin’s recent recovery has encountered resistance as the asset remains range-bound between $93,000 and $97,000. After briefly climbing late last month, Bitcoin has struggled to maintain upward momentum since…

Ethereum Price at Risk of Extended Decline as Bears Regain Control

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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 price started a downside correction below the $1,850 zone. ETH is now consolidating and might drop further below the $1,785 support zone. Ethereum started a fresh decline below…

Tron says DAO X hack cost victims $45K, Curve Finance also hit

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A hacker who took over the Tron DAO X account is estimated to have made around $45,000 in improperly solicited funds, according to a spokesperson from Tron.  Speaking to Cointelegraph, the Tron public relations team confirmed that on May 2, the Tron DAO account posted a contract address and sent direct messages to solicit payments in exchange for promotional advertising on the Tron account. “Our security team quickly identified the intrusion and cut off access to the hacker, but we ask the community to continue to be vigilant. We will…