Tag: Crypto

Fed inflation doubts leave crypto markets flat

While crypto prices stayed relatively flat after the FOMC minutes, U.S. stocks traded downwards on the slim likelihood of hawkish decisions due to inflation concerns. Despite positive consumer price index (CPI) reports from April, Federal Reserve officials remain skeptical that progress in beating inflation justifies cutting interest rates.  According to the latest Federal Open Market Committee (FOMC) Minutes, price levels have allowed this year’s inflation rates to remain substantially above the Fed’s 2% target.  Although some stakeholders at the policy meeting indicated consideration for rate hikes, officials like Chair Jerome…

Black Phoenix (BPX) Emerges As The Crypto King With Mind-Blowing 4,000,000% Growth In 24 Hours

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The crypto industry has been dominated by the recovery of major cryptocurrencies and regulatory developments, but one unexpected player has taken the market by storm. Black Phoenix, a payment system protocol, and its native token, BPX, have witnessed an astonishing surge in price, outperforming the entire market with historical performance. Notably, Black Phoenix’s BPX token reached an all-time high of $2.60 on May 22, propelled by a staggering 4,400,000% growth in the past 24 hours and over 6,500,000% in the past fourteen days. This unexpected victory has caught the attention…

U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support

“We need rules of the road,” said Rep. Josh Gottheimer (D-N.J.), one of the Democrats who bucked the opposition of the White House and the ranking Democrat on the House Financial Services Committee, Rep. Maxine Waters (D-Calif.). He called it “well-reasoned, thoughtful, bipartisan legislation” and argued before the vote that “it’s fit to become law if we work together.” Source

Shiba Inu Price Can’t Reach $0.01, Crypto Pundit Reveals Why

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Crypto analyst Oscar Ramos has outlined why he doesn’t believe the Shiba Inu price can go above $0.01 this cycle. He made this statement while alluding to the possibility of the meme coin reaching $0.5 at some point in the future.  Why Shiba Inu Can’t Go Above $0.01 Ramos mentioned in an X (formerly Twitter) post that Shiba Inu can’t go above $0.01 because of its current supply of over 589 trillion, according to data from CoinMarketCap. The crypto analyst made this remark while sharing a prediction chart from the…

SEC’s Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?

The SEC’s sister agency in policing the U.S. markets, the Commodity Futures and Trading Commission (CFTC), has taken a strong pro-legislation position, arguing that existing law leaves a hole in oversight of the crypto spot markets for non-securities, such as bitcoin (BTC). CFTC Chairman Rostin Behnam has told lawmakers that “Congress needs to act” on crypto legislation, and he’s said that if FIT21 passes, his agency can build a regulatory framework within 12 months. A CFTC spokesperson told CoinDesk on Tuesday that the agency would not comment on the bill.…

U.S. House Set to Vote for First Standalone Crypto Market Structure Bill

“The industry has superficially recovered this year, in part due to controversial approval of spot BTC ETPs by the Securities Exchange Commission,” the letter said. “Yet, the scams, hacks, theft, instability, reckless promotional activities, and regulatory evasion that were present during the last crypto bull market remain endemic in the industry today.” Source

Crypto Analyst Reveals Trigger For 17% Polygon (MATIC) Rally

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An analyst has explained how Polygon could see a rally of around 17% if the cryptocurrency’s price breaks above this level. Parallel Channel May Reveal What Could Be Next For Polygon In a post on X, analyst Ali has discussed about a parallel channel that Polygon has been consolidating inside during the last few weeks. The “parallel channel” here refers to a technical analysis (TA) pattern that’s drawn using two parallel trendlines. This pattern’s upper line joins successive tops in the asset while the lower one connects bottoms. While the…