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Despite growing competition from emerging issuers, the stablecoin market remains largely dominated by a few key players. According to data from Web3 research firm Nansen, Tether’s USDt continues to lead among US dollar-pegged stablecoins, even as competition intensifies. As of April 25, Tether (USDT) has a roughly 66% market share among stablecoins, compared to around …
Continue reading “Tether still dominates stablecoins despite competition — Nansen”
Lawmakers in the Arizona House of Representatives have voted to pass two bills that could allow the state to adopt a reserve using Bitcoin (BTC) or other cryptocurrencies. In a third reading on April 28 of the Senate Bill 1025 (SB1025), a proposal to amend Arizona’s statutes to allow for a strategic BTC reserve, 31 …
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Key takeaways: A week full of US macroeconomic reports could impact Bitcoin traders’ sentiment. Bitcoin’s rally could stall if there’s a sharp reduction in spot buy volumes. If PCE, the ISM PMI, and jobs data align with market expectations, BTC could rally. Bitcoin (BTC) price could face a period of range-bound trading after managing a …
Gold-backed cryptocurrencies have spiked in value amid the global trade war unleashed by US President Donald Trump’s April 2 tariffs. Tether Gold (XAUT) and Paxos Gold (PAXG) reached all-time highs on April 22, with Tether Gold touching $3,529 and Paxos Gold recording a peak of $3,520, according to data from CoinMarketCap. Two other gold-backed cryptocurrencies …
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Massachusetts Senator Elizabeth Warren has called on government officials to address questions related to US President Donald Trump’s memecoin and his media company. In an April 25 letter to Jamieson Greer, acting director of the US Office of Government Ethics (OGE), Warren, a Democrat from Massachusetts and California Democratic Senator Adam Schiff requested that officials …
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Key Takeaways: Bitcoin’s year-over-year return and realized price metric signal strong long-term support from holders and suggest that BTC is currently undervalued. Standard Chartered estimates a Bitcoin price target in the $110,000–$120,000 zone by Q2 2025. Positive funding rates point to a potential long squeeze to $90,500. Bitcoin’s (BTC) weekly close near $94,000 delivered an …
Key points: Bitcoin continues to face resistance at $95,000, but the possibility of an upside breakout remains high. Solid spot Bitcoin ETF inflows do not always signal a short-term top. Select altcoins are showing early signs of a short-term trend change. Bitcoin (BTC) pierced the $95,000 resistance on April 28, but the bulls are struggling …
Continue reading “Price predictions 4/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI”
Key takeaways: US Treasury funds saw $19 billion inflows, the highest since March 2023, as the 30-year yield fell 30 basis points. Foreign central banks cut US Treasury holdings to 23%, a 22-year low, as gold reserves hit 18%. Bitcoin soared in 2020 from $9,000 to $60,000 amid similar trends, hinting at a similar outcome …
Continue reading “Global central bank gold rush could spark Bitcoin price run to new all-time highs”
The hacker behind the $5.8 million recent Loopscale exploit is in talks to return the stolen funds in exchange for a bounty, the Solana-based protocol said. The exploiter pilfered approximately 5.7 million USDC (USDC) and 1,200 Solana (SOL) tokens from two of Loopscale’s yield vaults on April 26, prompting the decentralized finance protocol to temporarily …
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Key Takeaways: Bitcoin price dropped alongside falling Treasury yields, signaling investors’ flight to safer assets. Strategy’s $4.28B Bitcoin purchases and stock market strength have supported BTC above $90,000. A true breakout toward $100,000 will require Bitcoin to decouple from equities and stronger liquidity signals. Bitcoin (BTC) experienced a sharp $2,000 correction to $93,500 on April …
