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Key Takeaways: Fidelity Digital Assets says Bitcoin is undervalued and the firm holds an optimistic mid-term outlook. The JOLTS report shows a sharp drop in open US jobs, raising investors’ hope for Fed interest rate cuts. According to Fidelity Digital Assets, Bitcoin’s (BTC) mid-term outlook dropped to an “optimism” zone, as the investment firm noted …
Continue reading “Bitcoin price still in bargain zone as US jobs report sparks rate cut hopes”
The Bank of Italy identified Bitcoin and other digital assets as emerging risk factors in a recent report, citing concerns for both investors and the financial system. In its April 2025 Financial Stability Report, the Bank of Italy flags crypto volatility and rising integration with the broader economy, singling out stablecoins and non-financial firms’ crypto …
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A court in India has ordered the encrypted email service Proton Mail blocked in the country for refusing to share information with authorities. In an April 29 hearing of the High Court of Karnataka, Justice M Nagaprasanna ordered the government to “block forthwith” domain names associated with Proton Mail, citing authority under the country’s Information …
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The US Securities and Exchange Commission (SEC) has postponed deciding on whether to greenlight two proposed cryptocurrency exchange-traded funds (ETFs) holding Dogecoin and XRP, filings show. The US regulator has delayed its deadline for ruling on the proposed ETF listings until June, according to two filings reviewed by Cointelegraph. The filings were responses to March …
Bitget, a cryptocurrency exchange with 100 million users, has announced a partnership with Avalanche to support community initiatives across India, one of the fastest-growing areas for crypto and Web3 developers. The partnership will see at least $10 million doled out in mini-grants, scholarships, hackathons, and workshops to the Web3 community in the country. The initial …
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Key takeaways: Bitcoin tends to rally significantly when low leverage meets stronger-than-expected retail sales and hawkish Federal Reserve signals. In three separate 7-week periods, Bitcoin rose 50% to 84%. Upcoming speeches from Fed Chair Jerome Powell could benefit Bitcoin price. Bitcoin (BTC) price rallies are frequently linked to investors’ inflation concerns or data that surpasses …
Continue reading “Bitcoin price always rallies at least 50% after these two patterns emerge”
Europe’s second-largest neobank, Bunq, is expanding into cryptocurrency, citing growing retail investor demand for digital assets worldwide. The Amsterdam-based neobank announced the launch of Bunq Crypto on April 29, a new offering enabling its users to invest in over 300 cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Solana (SOL). Starting April 29, Bunq users in …
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Key Takeaways: Fidelity Digital Assets’ report said that multiple Ethereum onchain metrics suggest ETH trades at a discount. The BTC/ETH market cap ratio is at mid-2020 levels. Ethereum’s layer-2 active addresses hit new highs at 13.6 million. Fresh data from Fidelity Digital Assets hints at a cautiously optimistic outlook for Ethereum, suggesting its dismal Q1 …
Continue reading “Ethereum’s ‘capitulation’ suggests ETH price is undervalued: Fidelity report”
The United States exchange Nasdaq has asked regulators for permission to list a 21Shares exchange-traded fund (ETF) holding the popular memcoin Dogecoin, regulatory filings show. The move follows 21Shares’ April 10 filing of its initial proposal to launch its Dogecoin ETF, shortly after similar applications from rivals Bitwise and Grayscale. The asset manager has also …
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The United Kingdom’s Treasury and Chancellor of the Exchequer, Rachel Reeves, have proposed new crypto rules aimed at “support[ing] innovation while cracking down on fraudsters.” In an April 29 notice, the UK government announced draft rules for cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), that would bring “crypto exchanges, dealers and agents” in line with …
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