Month: May 2025

BTC Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets

Bitcoin’s surge to a fresh all-time record on Wednesday ran into a brick wall just below $110,000. After hitting a record of $109,754, BTC quickly fell to about 3% to the $106,000 area. At press time, the top cryptocurrency was trading just above $107,000 according to CryptoX’s Bitcoin Price Index, modestly lower over the past 24 hours. Other cryptocurrencies took a hit as well, with ether and solana also slightly lower over the last day despite the early Wednesday run higher. The reason behind the price action may be as…

Bitcoin hits new highs in the absence of ‘unhealthy’ leverage use — Will the rally continue?

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Key takeaways: Spot Bitcoin ETF inflows and low leverage suggest the BTC rally has room to grow. US Federal Reserve liquidity and weak bond sales support a Bitcoin push beyond $110,000. Bitcoin (BTC) was unable to sustain its bullish momentum after reaching a new all-time high of $109,827 on May 21, which led traders to question whether derivatives markets mainly drove the rally. From a broad perspective, the $77 billion in Bitcoin futures open interest has undoubtedly played a role. However, a closer look at the data shows a more…

Texas approves Bitcoin reserve bill, awaits governor’s signature

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Texas is on the verge of becoming the third U.S. state to establish a state-managed Bitcoin.  The Texas Strategic Bitcoin Reserve and Investment Act, SB 21, was approved by the House of Representatives with a vote of 101-42. The bill now heads to Governor Greg Abbott’s desk for final approval. SB 21 would authorize the state comptroller to invest in Bitcoin and, potentially, other cryptocurrencies with a market cap exceeding $500 billion over the past 12 months.  Currently, Bitcoin is the only asset that qualifies. The legislation also directs the…

The Graph enables cross-chain transfer of GRT with Chainlink’s CCIP

The Graph, an indexing and query protocol, has integrated Chainlink’s interoperability standard to enable cross-chain transfer of its native token. The Graph (GRT) announced that this adoption of the Chainlink (LINK) interoperability standard will allow users to bridge GRT across multiple blockchains, including Solana, Arbitrum and Base. Tapping into Chainlink’s cross-chain interoperability protocol is a key step towards the expansion of GRT’s accessibility and utility, The Graph team noted in a blog post. GRT support for Solana is a major move that will boost not just the SOL ecosystem, but…

Litecoin Eyes $117.50 As Price Rebounds From Key Support – 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. Litecoin is holding steady at a critical level after a strong 69% surge in the past month, riding the wave of broader market momentum. As Bitcoin flirts with its…

6 month update on my Bitcoin mining container, mining $200 a day in BTC

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 6 month update on my Bitcoin mining container at the VoskCoin mining farm, mining about $200 a day in BTC with a digital shovel Minipod. Thanks to digital shovel for supplying us the Minipod, this is just a video update I wanted to make, I didn’t have to or get paid to do this lol but you can buy your own here with a discount if you want You can buy miners here #bitcoin #btc #voskcoin #miningfarm #passiveincome #miner #mining #drewvosk ▶…