Category: News

Bitcoin’s $80K fakeout wipes out shorts amid Iran headlines

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Bitcoin (BTC) saw a sharp price swing on Monday after reports said Iran had sent the U.S. a new proposal through Pakistani mediators.  Summary Bitcoin jumped near $79,500 before a sharp pullback erased gains within a short period Monday. Crypto liquidations reached about $275 million as leveraged traders reacted to fast-moving geopolitical headlines Monday. Short positions saw heavy losses after Bitcoin moved against bearish bets during the initial rally. The move pushed BTC close to $80,000 before the price quickly slipped lower. The rally lifted Bitcoin to a 12-week high…

BTC Touches $79,000 on Day One of the Bitcoin 2026 Conference in Las Vegas

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Key Takeaways: BTC touched $79,000 on April 27, coinciding with the opening day of the Bitcoin 2026 conference in Las Vegas. The rally builds on $824 million in spot bitcoin ETF net inflows for the week of April 20–24, the fourth straight week of gains. Speakers at the three-day conference include SEC Chair Paul Atkins, Senator Cynthia Lummis, Michael Saylor, and Arthur Hayes. Conference Opens as BTC Hits 11-Week High The move to $79,000 marks bitcoin’s highest level since early February and arrives as more than 40,000 participants gather at…

Bitcoin faces FOMC, GDP and PCE tests in busy market week

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Bitcoin (BTC) begins the week with traders watching several U.S. economic events that could shape risk appetite.  Summary Bitcoin traders are watching the Fed decision for clues on inflation, growth and future rate cuts. GDP and PCE inflation data could shape market expectations and trigger fresh Bitcoin price swings. Tech earnings and geopolitical headlines may add pressure as Bitcoin tracks broader risk sentiment. The focus has shifted from war headlines to the Federal Reserve, inflation data, GDP numbers and large technology earnings. The Federal Reserve will hold its two-day FOMC…

Western Union eyes May for its stablecoin USDPT rollout

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Western Union CEO Devin McGranahan said the company will focus on expanding adoption and embedding digital assets into its core money movement platform going forward. Financial services giant Western Union is targeting May for the rollout of its new stablecoin as part of a crypto plan that includes its digital asset network and US dollar stable card.  “Over the last few months, we’ve crossed an important threshold. It is no longer a question of if Western Union will be active in digital assets, it is now how fast can we…

Solana (SOL) Edges Up, Traders Watch For Sustained Upside Move

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…

XRP Price Eyes $1.45 Break Again, Can Bulls Force Upside Move?

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…

Aave Asks Arbitrum to Unfreeze Stolen Kelp DAO Funds

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Aave Labs has proposed that the decentralized autonomous organization behind Arbitrum unfreeze $73.5 million in Ether tied to the Kelp DAO attack and to direct those funds to “DeFi United,” a fund aimed at restoring rsETH and compensating its holders. Last week, the Arbitrum Security Council moved to freeze 30,765 Ether (ETH) held in a wallet connected to the $293 million Kelp exploit.  In a proposal posted Saturday on the Arbitrum governance forum, Aave Labs said directing those funds to a planned remediation effort would “restore normal conditions for Arbitrum…

Ethereum Price Climbs Gradually, Can Bulls Break $2,400 Barrier?

Ethereum price started a fresh increase and remained stable above $2,365. ETH is now consolidating and might aim for more gains if it clears $2,400. Ethereum started a steady increase above the $2,365 zone. The price is trading above $2,370 and the 100-hourly Simple Moving Average. There was a break above a contracting triangle with resistance at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $2,330 zone. Ethereum Price Aims for Fresh High Above $2,420…

Bitcoin Price Advances Toward $80K, Upside Break Now In Focus

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Bitcoin price started a fresh increase and cleared the $78,500 zone. BTC is consolidating and might aim for more gains above the $79,200 level. Bitcoin managed to stay above $76,000 and started a fresh increase. The price is trading above $78,000 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $78,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $78,250 and $77,500 levels. Bitcoin Price Eyes More Gains…

'Historical average' could push Bitcoin bottom at $57K level: Analyst

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Bitcoin was “rejected” from the $80,000 price level, which is its next resistance zone on the way to reclaiming the $100,000 psychological price level. The price of Bitcoin (BTC) could bottom out at the $57,000 level in October 2026, despite rallying by more than 29% since the low of about $60,000 in February, according to Bitcoin investor and author Michael Terpin. Terpin told Cointelegraph that his forecast is based on the “historical average” drawdown of about one year from a market cycle top, which was reached in October 2025 when…