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Bitcoin price started a downside correction from the $72,000 zone. BTC is now consolidating near $70,000 and might eye another increase in the near term. Bitcoin struggled above the $71,800 resistance zone. The price is trading above $69,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below $68,800. Bitcoin Price Corrects Gains Bitcoin price gained pace for a move above the $70,000 level. BTC even spiked above $71,200 before the bears appeared near $72,000. A new weekly high was formed at $71,896 and the price recently started a downside correction. The price declined below the $71,000 level and the 23.6% Fib retracement level of the upward wave from the $66,047 swing low to the $71,896 high. ...

It’s a sad day in the crypto community as one of the space’s most lovable faces has passed away. The cryptoverse woke up to a tragic announcement this morning: the Shiba Inu who inspired Dogecoin (DOGE) has died. View this post on Instagram A post shared by ????? (@kabosumama) Kabosu, the photogenic Japanese Shiba Inu who inspired countless Internet memes and eventually the DOGE memecoin, took her final nap this morning shortly before 8 am, according to her owner’s blog post. “Kabo-chan Today May 24 At 7:50 am I fell asleep… Outside the window Birds sing In a beautiful morning Stroked me To sleep It has gone softly…” Kabuso was 18 years old, 126 in dog years. The official Dogecoin X account shared the following post in her memory: “Today Kabosu, our community’s shared friend and inspiration, peacefully passed in the arms of her person. The impact this one do...

Crypto-ransomware group LockBit has leaked the data it stole from Canadian pharmacy chain London Drugs after the firm refused to pay a $25 million ransom. Dozens of folders containing data on hundreds of employees, including payrolls, electronic signatures, resignation letters, medical data, and performance assessments were reportedly made public. According to The Globe and Mail, there was also data on sexual harassment complaints, immigration applications, relationship disclosures, and a folder on ‘Traumatic Incidents.’ The pharmacy firm said in a statement, “London Drugs has been named by cybercriminals as a victim of exfiltration of files from its corporate head office, and we are aware that some of these exfiltrated files have now been released.” LockBit, which has historically demanded ransoms in cryptocurrency, said London Drugs was previously going to cough up $8 million . However, London Drugs said it was “unwilling and unable” to pay the ransom demand.  #Lock...

Ripple CEO hints at potential XRP ETFs following Ethereum ETF approvals by SEC. Brad Garlinghouse’s endorsement aligns with his optimistic outlook for XRP in 2024. Regulatory challenges and Ripple’s SEC lawsuit impact the timing of potential XRP ETFs. Ripple CEO Brad Garlinghouse has indirectly hinted that XRP could be the next cryptocurrency to see the launch of exchange-traded funds (ETFs). This follows the recent approval of eight spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC). Spot XRP ETF prospects post Ethereum ETFs approval Garlinghouse’s subtle nod to the possibility of XRP ETFs came via his reaction on X (formerly Twitter) to a comment on his post celebrating the US SEC’s approval of all Ethereum ETF applications. Among the approved ether ETF applications were those from prominent financial entities such as BlackRock, Grayscale, VanEck, and Fidelity. Describing the week’s events as “mo...

May 23, 2024 at 14:00 // Price Author Coin Idol The price of Solana (SOL) has resumed its upward trend after rising above the moving average lines. Solana price long term forecast: bullish Since May 6, the cryptocurrency has been trapped between the moving averages. On May 15, the cryptocurrency rebounded and surpassed the 50-day SMA. The bullish momentum had reached a high of $188 before easing again. The altcoin is hitting resistance at a high of $190. The altcoin is expected to regain its previous high of $210. However, a break above the barrier at...

The robust rebuttal from Uniswap against the SEC’s allegations has sent shockwaves through the crypto market. The price of Uniswap (UNI) surged to a high of $9.67 following the news of the tough response. As UNI price rises, another new altcoin Kangamoon (KANG) is also making waves as its presale nears $7M. The Uniswap (UNI) price is soaring following Uniswap Labs’ formidable response to the SEC’s Wells Notice. Although the token has slightly pulled back, it surged by more than 30% immediately after the news of the response broke. The response has not only bolstered investor confidence in the decentralized finance (DeFi) sector but also ignited positive sentiment for other altcoins, notably Kangamoon (KANG), which is currently in the midst of its presale. The 40-page response to SEC’s Wells Notice Uniswap Labs filed a comprehensive 40-page response to the SEC’s Wells Notice, vehemently contesting the agency’s claims th...

The Ethereum price is up 2% in the past 24 hours to trade for $3,747 as of 01:34 a.m. EST. It comes amid anticipation of a possible approval of spot ETH ETFs (exchange-traded funds) by the US Securities and Exchange Commission (SEC). Optimism accelerated after Bloomberg ETF analysts increased the odds of approval to 75%, from 25% previously. A Polymarket contract put the odds of approval at above 61% on May 21 and those odds have since improved to 69%. CoinDesk reported that exchanges that would list and trade ETH ETFS were suddenly asked by the SEC’s division of trading and markets to update their filings. This development hinted at the regulator possibly preparing to approve applications ahead of Thursday, when it’s expected to decide on an application to launch an Ethereum ETF by fund manager VanEck. Meanwhile, reports indicate that five prospective spot ETH ETF issuers have already submitted amended filings. These are Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, a...

US Presidential candidate Robert F. Kennedy Jr revealed Tuesday that he purchased $24,000 worth of GameStop (GME) stock . In a post to X (formerly Twitter), RFK Jr says that the purchase was made to support the “retail rebellion.” JUST IN: Presidential candidate Robert F. Kennedy Jr. buys $24,000 worth of GameStop $GME and says he supports the "retail rebellion." — Watcher.Guru (@WatcherGuru) May 21, 2024 “I’m very aware of what the average retail investors has been saying about the need for greater transparency in our markets, stronger regulatory oversight and tougher penalties for market manipulation and criminal behavior,” RFK said in his post. “My administration will support the Ape retail rebellion and enact aggressive Wall Street reforms.” Robert F. Kennedy Jr added that he’s funding the GameStop GME investment with fees he earned from suing Monsanto, an agrochemical and agricultural biotechnology corporation that ended operations in 2018. “I love th...

Ethereum Name Service (ENS), Ethena (ENA), and ETH-based meme coins like Pepe (PEPE) and Floki (FLOKI) are rallying amid improved approval odds for Ethereum ETFs (exchange-traded funds ETFs) this month. Ether Surges 17%, Polymarket Approval Chances Rocket as ETF Makes Regulatory Progress The SEC has asked exchanges to update 19b-4 filings for $ETH ETFs ahead of deadline, suggesting potential approval progress, though not guaranteed https://t.co/tYs0afOzHv — cryptowaikoah (@cryptowaikoah) May 21, 2024 The Ethereum price has jumped by nearly 20% to $3,723 as of 06:28 a.m. EST. Along with it, the ENS and ENA prices have surged by 38% and 17%, respectively, CoinGecko data shows. Ethereum-based meme coins are also rallying, with Shiba Inu (SHIB), Pepe (PEPE), and Floki Inu (FLOKI) leading the sector. The Pepe price is the biggest gainer with 18% in gains to trade for $0.00001112. Crypto Market Rallies On Rising Optimism Over Ethereum ETF Approvals The market surge came as Blo...

If there’s one cryptocurrency that has suffered the maximum amount of scrutiny in the market, it has to be Ripple XRP. The token has been a constant source of curiosity among nuanced crypto traders. Per CoinMarketcap, the token has recently breached the $0.50 price mark and is now awaiting another price push to help it cross notable price thresholds this season. Also Read: Cryptocurrency: 3 Coins Capable Of Delivering A Millionaire Status A White Triangle Formation: What’s Happening Source: WatcherGuru Egrag Crypto, a notable crypto analyst on X, pointed out a new price pattern on XRP’s candlestick chart. The analyst shared how XRP is forming a white triangle on its chart, “incorporating the highs that XRP had received in 2021.” Triangles in general trading lingo refer to patterns that denote an asset’s consolidation before breaking into a bullish price ascent. These breakouts later become potential trends that an asset maintains while basking in its new price thresh...

The crypto community is waiting in anticipation on whether spot Ethereum ETFs (exchange-traded funds) will be approved or denied by the Securities and Exchange Commission (SEC) on May 23. While Bloomberg ETF analyst Eric Balchunas says the chances of approval are ”slim to none,” and Polymarket puts the odds at 1 6%, Coinbase estimates there is a 30% to 40% chance of approval by the end of the month. “The market may be underestimating the timing and odds of a potential approval, which leaves room for surprises to the upside,” said analyst David Han in a May 15 note. ”There is room for surprise to the upside on this decision.” Han’s optimism is in part due to the increasing role that crypto is playing in presidential election campaigns, with Republican candidate Donald Trump warming up to digital assets. “It’s also less certain in our view that the SEC would be willing to front the political capital necessary to support a denial,...

The crypto currency market is showing signs of recovery, with the total market capitalization rising by approximately 2.50% in the last 24 hours to reach $2.55 trillion on May 18.  This ongoing bullish sentiment particularly benefits several cryptocurrencies on the verge of significant market cap milestones, notably the $50 billion mark. Finbold has identified two altcoins—XRP (XRP) and Dogecoin (DOGE)—that could potentially reach a market cap of $50 billion by the first half of 2024. These digital assets have favorable conditions that could drive their market capitalization higher. Picks for you We asked ChatGPT-4o what will be Solana price at the end of 2024; Here’s what it said 2 hours ago Bitcoin surge incoming? Tether mints another $1 billion USDT  2 hours ago Short squeeze alert: This crypto currency could skyrocket next week 2 hours ago Is Silver set to outperform Gold by 2024? 4 hours ago XRP XRP’s price performance has been c...

Decentralized oracle network Chainlink (LINK) is skyrocketing after completing a fund tokenization pilot with the Depository Trust and Clearing Corporation (DTCC). According to a new press release, the DTCC has developed a new pilot program, known as Smart NAV, which utilizes both the firm’s digital asset capabilities as well as Chainlink’s data feeding and interoperability services. “In its simplest form, Smart NAV centers around providing the capability to make trusted, verifiable data available on (virtually any) blockchain network(s) to support the use of that data in business workflows. DTCC served as the provider, or sourcer, of that data, as well as the governor of the on-chain solution that stores that data, while Chainlink’s CCIP (cross-chain interoperability protocol) served as the interoperability layer.” News of the partnership sent LINK flying, as the digital asset went from a 24-hour low of $13.84 to trading for $16.11...

The US dollar index is currently standing strong amidst the continuous economic pressure that the index faces frequently The index is currently printing a new development dubbed the Ichimoku Death Cross that could eventually impact the USD’s global resilience and stability. Let’s take a look at what this means for the US dollar in holistic terms. Also Read: Currency: What To Expect From The US Dollar Today  Ichimoku Death Cross: How Will The Dollar Fare? Source: Freepik.com Per Titans of Crypto, a new Ichimoku Death Cross has appeared in the US dollar index on the daily time frame. The notable analyst was quick to share the update by uploading a death cross-development chart hovering over the USD index on X.  In traditional trading jargon, the Ichimoku indicator refers to the support, resistance, trend direction, and momentum that an asset may usually portray. Similarly, a death cross in trading denotes a pattern where an asset notes a significant...

60-38 in the Senate voted in favour of overturning the SEC rule. Bipartisan support signals a potential shift in crypto regulation. Presidential veto possible. In a landmark decision, the US Senate has voted to overturn a key Securities and Exchange Commission (SEC) rule that barred regulated financial firms from holding Bitcoin and other cryptocurrencies. The legislation, known as H.J. Res. 109, previously passed in the US House with bipartisan support and the Senate’s support signals a potential shift in the regulatory landscape for digital assets in the United States. Bipartisan support for H.J. Res. 109 reversal The decision to overturn the SEC’s Staff Accounting Bulletin (SAB) No. 121 garnered significant bipartisan support in both the House and the Senate. The rule, which had been in effect for two years, prohibited regulated financial institutions from holding cryptocurrencies. However, lawmakers have moved to invalidate this restricti...

Crypto.com, a global cryptocurrency exchange, has announced that users can now fund their Fiat Wallet using a US bank-issued debit card.  This marks a first in the US crypto market, providing users with a more convenient and rapid way to trade cryptocurrencies. Buying crypto with a debit card With the new feature, users can now transfer funds from their debit cards anytime, anywhere, and instant ly, allowing for quicker and more efficient trading. Picks for you Andrew Tate to dump fiat and buy $100M worth of Bitcoin 31 mins ago Bitcoin is up $3,000 as U.S. CPI data reveals slower inflation in April 15 hours ago Crypto trader turns $155,000 to $1.16 million in two days 15 hours ago Buy signal? XRP whales stack $55 million in two weeks 16 hours ago Hello, America! We’re rolling out a new feature to our U.S. users: Instant card top-ups to your https://t.co/vCNztATSCO App Fiat Wallet Deposit USD using a debit card or Apple Pay / Google P...