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Bitcoin Price Prediction as BTC Hits $60k After FED’s Rate Cut Comments – What’s Next?

Bitcoin (BTC/USD) recently crossed the $60,000 threshold, only to face new challenges from Federal Reserve sentiment. The cryptocurrency, currently trading around $60,800, experienced a modest drop of about 1.50% over the last day, keeping the bitcoin price prediction bearish. This market movement aligns closely with remarks from Federal Reserve Governor Michelle Bowman, as reported by …

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Crypto Exchange Trading Volume Declines in April as Bitcoin Retreats from Record High

Trading volume on major cryptocurrency exchanges has experienced a significant decline in April, coinciding with Bitcoin’s retreat from its all-time high. Spot trading volume on centralized exchanges like Coinbase Global, Binance, and Kraken dropped by 32.6% to $2 trillion last month, as reported by research firm CCData. Additionally, derivatives trading volume saw its first decrease …

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BlockFi Shuts Web Platform, Partners with Coinbase for Crypto Withdrawals

Embattled crypto lender BlockFi announced Thursday that it plans to close its web platform this month, and is partnering with Coinbase to distribute funds to clients. The New Jersey-based firm said its Coinbase partnership will allow eligible BlockFi Interest Account, Retail Loan, and Private Clients to withdraw their crypto holdings. BlockFi filed for bankruptcy in …

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High on Ayahuasca: Bitcoin-promoting Commencement Speaker Lands in Hot Water

Source: a video screenshot. Emperor Nova01 / YouTube A US university commencement speaker for the class of 2024, entrepreneur Chris Pan, said he was high on ayahuasca while writing his speech, which, among other things, promoted Bitcoin and crypto. The Ohio State University is a public research university in Columbus, Ohio, United States. The Commencement …

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Bitcoin Price Prediction: Hits $64,000 on U.S. Economic Slowdown, Rate Cut Hopes

Bitcoin Price Prediction Bitcoin failed to continue its upward trend despite multiple supporting factors such as a bearish US dollar and a dovish stance from the Federal Reserve. It lost some of its gains, dropping to around 63,400 and hitting an intraday low of 62,961. Although Bitcoin began the week on a bullish note after …

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News Commentary #1,988 – MIXLI | Trading department..?

Mixli – a TRIAL list platform, has recently informed all the members about so-called “Trading department”. With its help they (as claimed) could get a stable profit both from the rise and fall of crypto market. Of course that was another part of promotional news but anyway that also shows an active work behind the …

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Grayscale’s GBTC Bitcoin ETF Records Inflows For The First Time in 78 Days

After a prolonged period of continuous outflows, Grayscale’s Bitcoin Trust exchange-traded fund (ETF) recorded its first day of net positive inflows. According to preliminary data from Farside, on May 3, Grayscale’s Bitcoin Trust (GBTC) witnessed $63 million in net inflows.  The positive momentum comes after an approximate $17.5 billion in outflows since the launch of 11 spot Bitcoin ETFs on January 11. Franklin Templeton’s Bitcoin ETF Sees Inflows  …

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Bitcoin Price Prediction – Bullish Week Incoming?

Bitcoin Price Prediction Bitcoin’s price shows a robust ascent, now trading at approximately $63,200, with recent highs of $64,446. This activity is part of a wider trend that has seen the global crypto market cap increase to $2.36 trillion, up over 7% over the last day. The uptick is influenced by the Federal Reserve’s decision, …

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Bitcoin Price Bursts Back Above $60,000 – Here’s Where BTC Is Headed Next

Bitcoin Price Bursts Back Above $60,000 as US NFP Data Misses Expectations – Here’s Where BTC Is Headed Next / Source: Cryptonews The Bitcoin (BTC) price has powered back into the mid-$61,000s in wake of a softer-than-expected US labor market report which has boosted hopes that the Fed cuts interest rates more than once before …

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China AMC’s Bitcoin ETF to Open Door for Chinese RMB Investors

The Bitcoin and Ethereum exchange-traded funds (ETFs) newly issued by China Asset Management Co. provide new investment channels for Chinese currency holders. In an interview with Bloomberg, China AMC CEO Yimei Li stated that these ETFs represent a significant milestone in making cryptocurrency investments more accessible to mainland Chinese investors. Chinese RMB Trading Counter for …

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News Commentary #1,987 – WizerPeople | Compounding available?

WizerPeople – a SILVER list platform has recently informed its members and potential investors about activation of compounding option for few more tariff plans. At least, as they claim, that thing was asked by many users before and now it’s availble for them. Let’s check the full announcement: Dear Investors and Partners! Since the beginning …

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Bitcoin Breaks Through 1.6M Confirmed Transactions in a Single Day

Just three days after the Bitcoin halving event, a record-breaking 1.6 million unique Bitcoin transactions were processed on April 23, according to data from Blockchain.com and Glassnode. The transaction surge signifies a growing interest in utilizing Bitcoin for everyday trades, moving beyond its traditional role as a store of value. Bitcoin Runes Dominate Daily Transactions …

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Tron’s Justin Sun Says Ethereum ETF Unlikely to Be Approved in May

Tron CEO and founder Justin Sun said it is unlikely an Ethereum exchange-traded fund (ETF) will be approved in May with the cryptocurrency in need of “long-term education with regulators.” Numerous analysts have already said the Securities and Exchange Commission (SEC) is expected to deny their applications to launch an Ethereum ETF. In an X …

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