Officials in Paraguay are considering reversing their decision to ban Bitcoin mining after initially proposing such a measure last week. The proposed ban had gained some traction, but now there are plans to reevaluate the situation and ensure a carefully considered decision is made. Government officials have announced that a public hearing on Bitcoin mining … Read more
After the surprising 3.5% increase in US Consumer Price Index (CPI) for March was announced, causing higher-than-anticipated inflation, Wall Street and the crypto market experienced significant selling pressure. Later on, President Joe Biden shared his belief that the Federal Reserve would still reduce interest rates in 2023. Prior to this, various financial experts forecasted that … Read more
Recently, Stanislas Bernard, founder of Sinz 21st.Capital, explored the intricacies of Hong Kong’s potential approval of Bitcoin spot ETFs amid China’s deepening economic crisis. With China dealing with a historic debt-to-GDP ratio of 288% in 2023 and experiencing one of the most dramatic housing market collapses in three decades, the financial instability has led to … Read more
The BNB price is trying to climb anew from around $575. It has risen by more than 5%, with buyers intending to push it beyond $620. BNB price started a fresh increase after it found support near the $575 zone. The price is now trading above $600 and the 100 simple moving average (4 hours). … Read more
According to market intelligence platform IntoTheBlock, certain conditions must be met for Dogecoin to persist in its upward trend and achieve new price peaks. Dogecoin Has Notable On-Chain Resistance Near $0.20 In their latest update on X, IntoTheBlock explores the current surge in DOGE‘s price and lays out the conditions required for the meme coin … Read more
Despite a lackluster recent history for XRP, some crypto pundits remain optimistic about the altcoin’s future price. A few of these professionals predict that XRP‘s value will increase significantly from its present position. One particular analyst goes so far as to project that XRP could reach a price of $20 during the upcoming bull market. … Read more
Fred Thiel, CEO of Marathon Digital, expects that the price effect of the upcoming Bitcoin Halving, scheduled for later this month, might have been accounted for in the market to some degree in advance. In a recent conversation with Bloomberg, Thiel expressed his views on possible reasons for future price hikes and the resulting consequences … Read more
Crypto expert Kamaz has shared an optimistic outlook for Shiba Inu‘s price movement, forecasting that it may surpass the $0.00003 mark once more. In his recent assessment, Kamaz outlined three possible bullish price levels for SHIB in a long-term investment perspective. Notably, this bullish projection emerges during market instability and as Shiba Inu demonstrates bullish … Read more
Lately, the Ethereum staking market has gone through major changes, leading investors to reconsider their choices and alter the way this industry operates. Based on the findings of Tom Wan, an on-chain data analyst and strategist at 21Shares, there’s been a significant shift in how Ethereum is being staked. Instead of the traditional staking method, … Read more
The unexpectedly strong US Consumer Price Index report published on April 10 has caused ripples of surprise in financial markets. Crypto assets like Bitcoin, along with most others, have dropped in value, adding to the downturn experienced on April 9. This news is a blow for optimists in the market. United States CPI Data Came … Read more