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Key Takeaways: Bitcoin exhibits a bearish breakout from an ascending channel, with the risk of profit-taking near $106,000. A lower-than-expected US Consumer Price Index (CPI) print could boost Bitcoin, but a higher CPI may increase bearish pressure, leading to a price drop below $100,000. Bitcoin (BTC) price reached an intraday high of $105,800 on May …
Continue reading “Bitcoin profit taking at $106K the first stop before new all-time BTC price highs”
The US government has asked a federal judge to impose a two-year sentence for Eric Council Jr., the individual who helped post a fake message announcing the approval of Bitcoin exchange-traded funds through the Securities and Exchange Commission’s (SEC’s) X account. In a May 12 filing in the US District Court for the District of …
Continue reading “US Prosecutors recommend 2 years for SEC hacker”
Blockchain technology could enable “a broad swath of novel use cases for securities” and foster “new kinds of market activities that many of the Commission’s legacy rules and regulations do not contemplate today,” Securities and Exchange Commission (SEC) Chairman Paul Atkins said. During his keynote address at the Commission’s May 12 roundtable on tokenization and …
Continue reading “SEC Chair: Blockchain 'holds promise' of new kinds of market activity”
Key points: Bitcoin price saw profit booking near $105,819, signaling that bears remain active at higher levels. Select altcoins have continued to move higher, indicating increased investor interest. The SPX and the DXY are playing catch-up to Bitcoin following the US-China trade deal. Bitcoin (BTC) has started the new week on a cautious note, falling …
Continue reading “Price predictions 5/12: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI”
New York City Mayor Eric Adams announced partnerships between the city and financial firms as part of his crypto plans. In a May 12 press conference at Gracie Mansion, the the city’s official mayoral residence, Adams said June Ou, founder of financial services company Figure, and Richie Hecker, CEO of private equity firm Traction and …
Continue reading “NYC Mayor doubles down on crypto push ahead of city summit”
Key takeaways: Bitcoin lags as investors shift toward stocks after the US and China strike a deal that could end the current trade war. Macroeconomic conditions are swinging away from gold investing and back to stocks. Bitcoin (BTC) reached its highest price in over three months at $105,720 on May 12, but was unable to …
Continue reading “Bitcoin price sells off after Trump’s US-China tariff deal — Here is why”
Emerging technologies, including quantum computing, could potentially render the cryptography securing Bitcoin and other blockchain networks ineffective, asset manager BlackRock said in a regulatory filing. On May 9, BlackRock updated the registration statement for its iShares Bitcoin ETF (IBIT). The revised version addressed potential risks to the integrity of the Bitcoin network posed by quantum …
Continue reading “BlackRock flags quantum computing as risk for Bitcoin ETFs”
Tether’s USDt (USDT) surpassed a $150 billion market capitalization for the first time on May 12, marking a new milestone amid growing stablecoin adoption. USDt’s circulating supply has expanded by over 36% in the past year, with growth accelerating in November following the election of US President Donald Trump. USDt’s market cap growth over the …
Continue reading “USDt market cap hits $150B for first time as Tether eyes US expansion”
Key takeaways: Possible de-risking ahead of the May 13 CPI print could be playing a role in today’s BTC price correction. Bitcoin market structure and qualitative fundamentals remain bullish, suggesting today’s correction could be short-lived. Bitcoin (BTC) price briefly stumbled on May 12, falling to $102,388 after hitting an intraday high at $105,819 during the …
Patel Real Estate Holdings (PREH) has launched a $100 million tokenization fund on the Chintai blockchain, aiming to give accredited investors access to institutional-grade real estate opportunities. The new PREH Multifamily Fund is a tokenized investment vehicle focused on vintage Class A multifamily units across the top 20 US growth markets, the company told Cointelegraph …
