Tag: Support

Galaxy Digital says 7 Democrats Key to Support CLARITY Act Markup

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Crypto investment firm Galaxy Digital said seven Democratic lawmakers on the US Senate Banking Committee could be key to advancing the Digital Asset Market Clarity Act when it goes to markup on Thursday, sending it to the Senate for a vote. In an X post on Sunday, Galaxy Digital labeled Democratic lawmakers Ruben Gallego and Angela Alsobrooks as “constructive/pro-framework” when it comes to crypto. Four other lawmakers are seen as “deal-makers,” while one lawmaker is seen as “mixed.”  “If Democrats vote for the bill in markup, likelihood of ultimate passage…

Bitcoin News Today: Why the $80K Support Is Under Threat Despite Institutional Momentum

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Bitcoin traded at $79,732 as of May 7, down 2% over 24 hours, after sharply rejecting a five-month high of $82,784 reached two sessions prior. This is not very bullish news for Bitcoin today. The reversal pulled BTC back below the $80,000 psychological threshold, a level it has now failed to structurally hold across three separate tests in four months. The analytical question is no longer whether Bitcoin can reach $80,000; it is whether the structural conditions exist to convert that level from a ceiling into a floor. On-chain data,…

HarrisX Poll Found 52% of Registered Voters Support the CLARITY Act

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Nearly half of US voters are willing to cross party lines to get clear crypto regulation off the ground, while public support for the CLARITY Act could bring an electoral benefit for politicians, according to a new survey from HarrisX. The poll included responses from 2,008 registered voters from May 1-4. It found that 52% of respondents support the CLARITY Act, with just 11% opposed.  About half, or 47%, said they would consider voting for a candidate outside their preferred party if that candidate backed the bill and their own…

XRP Price Slides Back To Range Support After Failed Upside Push

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…

Bitcoin Found Support Where Recent Buyers Can’t Afford to Lose: Discover the Mechanics

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Bitcoin is trading above $80,000 as the market prepares for what is shaping up to be a decisive directional move. The recovery from the recent correction has been meaningful — but a CryptoQuant report has identified the specific mechanism that prevented the decline from becoming considerably worse, and understanding it changes how the current price level should be read. Related Reading The report examines the realized prices of different whale cohorts — the average cost basis of large Bitcoin holders segmented by how recently they have been active. When the…

Ethereum Price Extends Decline As $2,220 Support Comes Into Play

Ethereum price started a downside correction below $2,350. ETH is now showing a few bearish signs and might decline further if it trades below $2,265. Ethereum started a downside correction below the $2,365 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,315 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,325 zone. Ethereum Price Dips Further Ethereum price failed to stay…

Crypto PACs Spend $7.2M to Support Candidates in 5 US States with Midterms Looming

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Political action committees (PACs) affiliated with the cryptocurrency company-backed Fairshake reported spending millions of dollars to support candidates in five races, with less than six months until US voters decide on their representatives in Congress. According to filings with the Federal Election Commission this week, the Protect Progress PAC reported about a combined $1.6 million in expenditures for Jasmine Clark and Christian Menefee, Democrats running to represent Georgia’s 13th Congressional district and Texas’ 18th district, respectively.  The reported media buys came before Clark will face a May 19 Democratic primary…

Amina Adds Trading, Custody Support for Canton Network Token

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Swiss crypto bank Amina has added custody and trading support for Canton Coin, becoming the first regulated bank to offer services for the token tied to the Canton Network, an institutional-focused network. In a Wednesday announcement, Amina said clients will gain regulated access to the Canton Network, a public blockchain designed for capital markets and tokenized finance. The network was developed by Digital Asset and is backed by the Depository Trust & Clearing Corporation, Visa, BitGo, Goldman Sachs and Citadel. The move allows institutional clients to hold and trade Canton…

Bitcoin Price Keeps $80K Support, Can Bulls Extend Rally Soon?

Bitcoin price started a fresh increase and cleared the $80,800 zone. BTC is consolidating and might aim for more gains above the $81,500 level. Bitcoin managed to stay above $80,000 and started a fresh increase. The price is trading above $80,500 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $80,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $80,000 and $79,200 levels. Bitcoin Price Could Extend Gains…

Crypto PAC spends $500K in support of Indiana candidate ahead of primary

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Defend American Jobs, the cryptocurrency-backed political action committee (PAC) affiliated with Fairshake, reported spending more than $500,000 on media to support a Republican incumbent representative in Indiana. According to a Saturday filing with the US Federal Election Commission (FEC), the Defend American Jobs PAC spent about $514,000 on media in support of James Baird, a Republican House member running for reelection in Indiana’s 4th Congressional District. The spending was the latest in Fairshake’s spending on the 2026 US elections ahead of today’s Indiana primary elections. Source: FEC Baird, who assumed…