Bitcoin Price Nears $68,000; Trump’s Crypto Endorsement and Institutional Interest Rising
Bitcoin is on a strong run, approaching the $68,000 mark and breaking an eight-month downward trend. As market sentiment remains bullish, factors like potential regulatory shifts and rising institutional interest continue to support Bitcoin’s climb... Details
SEC Chair Gary Gensler Slams Cryptocurrencies At NYC Event
During a question and answer session at New York University School of Law, SEC Chair Gary Gensler criticized the cryptocurrency sector, stating that digital assets are unlikely to serve as currency in the future, multiple media outlets report. Gensler emphasized that cryptocurrencies will need to prove their value through transparency and practical us... Details
Bitcoin Price Consolidates Above $60,000 After Hot US Inflation Data – Is An “Uptober” Price Surge Still Coming?
The main cryptocurrency continues to surprise with its resilience in the face of unpleasant economic news. After the volatility caused by the publication of inflation data, the Bitcoin rate managed to recover and overcome the $61,500 mark... Details
Geopolitical Risks ‘Unlikely’ to Derail Bitcoin as Analyst Doubles Down on ‘Uptober’
10x Research CEO Markus Thielen reaffirmed a positive outlook for Bitcoin’s price action in October, citing recent geopolitical tensions as “unlikely to disrupt this bullish trend.” Now, potencial volatility is an opportunity for traders looking to capitalize on the market’s fluctuations rather than a major threat... Details
Bitcoin Tops 2024 Asset Performance Despite Weak Q3, Says NYDIG
Despite a modest 2.5% gain over the quarter, Bitcoin managed to recover from its previous decline in the second quarter, though it faced considerable selling pressure throughout the period, noted New York Digital Investment Group (NYDIG) head of research, Greg Cipolaro. Since the beginning of the year, the cryptocurrency has shown growth of 49.2%... Details
XRP Takes 10% Hit After SEC Files Appeal in Ripple Lawsuit
The court ruled that Ripple’s XRP sales to institutional investors were securities transactions, resulting in a $125m penalty, far less than the SEC’s initial $2b demand. Further, the ruling clarified that while certain XRP transactions are considered securities, XRP itself is not inherently a security, providing key regulatory guidance for Ripple and the broader industry... Details
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