News - Page 45

The outcome of the U.S. Federal Reserve's Federal Open Market Committee (FOMC) meeting scheduled for October 31 and November 1, 2023, is expected to have a minor impact on stock prices and the price of Bitcoin (BTC). However, the key factor that traders are eagerly awaiting is the subsequent comments on the U.S. economic outlook in Fed Chair Jerome Powell's speech.

Developers of the Shiba Inu project have initiated a ‘surprise’ step towards a unique SHIB self custodial identity. This leaves scope for a potential SHIB price rally in the lead up to the countdown.

US Senator Cynthia Lummis (R-WY) has urged the U.S. Department of Justice (DOJ) to press criminal charges against Binance crypto exchange and Tether. The senator claims that the two entities were involved in financing illicit activity, specifically serving as intermediaries for Hamas.

The Shiba Inu price has recently rebounded off the lower trendline of a falling wedge pattern, signaling a possible end to its correction phase. However, the current recovery rally may face some challenges due to overhead supply pressure. This article explores the recent price movements of Shiba Inu and provides insights into its future performance.

JPMorgan's flagship cryptocurrency is now handling a staggering one billion dollars worth of transactions every day, according to the bank's global head of payments, Takis Georgakopoulos. In a recent Bloomberg interview, Georgakopoulos highlighted three major problems in the payments sector that JPMorgan aims to address.

A Dogecoin (DOGE) address that has been dormant for 9.8 years has suddenly resurfaced, sparking a new wave of interest and speculation. This dormant address, which belongs to a whale, contains a total of 5,392,984 DOGE worth approximately $372,461 at the time of writing.

The Solana coin has experienced significant growth in recent months, with its price surging from $17.41 to $31.99—an 84% increase since mid-September. However, the current bullish momentum is facing resistance at the $34 level due to increased selling pressure in the broader crypto market. This resistance is particularly evident as Bitcoin struggles to break past the $35,000 mark.

Ripple CEO Brad Garlinghouse has expressed his frustration with former SEC Chairman Jay Clayton, accusing him of hypocrisy in discussions surrounding corporate litigation and the role of the agency. Garlinghouse recalls that the lawsuit Ripple faced for nearly three years was initiated by Clayton himself.

Ripple CEO Brad Garlinghouse has strongly criticized former SEC Chairman Jay Clayton's comments regarding the agency's corporate regulatory stance. The SEC had been taking action against crypto exchanges and companies since the first quarter of 2023.

A crypto analyst believes that Bitcoin (BTC) still has room to grow, even after its impressive rallies this month. The analyst, known as Kaleo, points to Bitcoin's relative performance against the S&P 500 Index (SPX) as evidence that BTC has decoupled from the stock market. This suggests that BTC has the potential for further upward movement.

In the past two weeks, the Ethereum price has experienced a significant surge, reclaiming crucial resistance levels at $1,600 and $1,700. However, the asset is now facing headwinds as Bitcoin struggles to break past the $35,000 mark, leading to increased selling pressure across the crypto market. This has caused the ETH recovery to stall around the $1,800 level, raising concerns about a potential correction.

Galaxy Digital, the crypto investment firm led by Mike Novogratz, has recently made several bullish statements on the future of cryptocurrencies. The firm is confident that the U.S. Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) this year. In addition, Galaxy Digital is actively investing in Bitcoin and Ethereum on decentralized lending platforms Aave and Compound.

Leading crypto exchange Coinbase has revealed that a significant number of Americans born between 1981 and 2012 are likely to support candidates in the upcoming US election who are in favor of digital assets.

The RUNE coin price is currently following a rising channel pattern on its daily chart, indicating potential for further growth. This pattern, combined with a bullish market sentiment, has fueled a significant rally over the past nine days. However, there are concerns about whether this bullish momentum can withstand the emerging market-wide selling pressure.

Bitcoin bulls are maintaining a strong position above the $34,000 mark despite various pressures in the market. Traders are closely watching the market direction as they assess whether the ongoing bullish rally will continue or start to fade.

Crypto analyst Justin Bennett is issuing a warning on Bitcoin (BTC) as the flagship crypto asset has been experiencing double-digit gains over the past week.