BTC price taps $106K as US GDP miss boosts Bitcoin bull case
Bitcoin continues to flirt with a breakout toward all-time highs as macro tailwinds strengthen.
DeepSeek, explained: What it is and how it works
DeepSeek has demonstrated the potential to develop cutting-edge AI models with significantly lower resource requirements compared to major players like OpenAI.
Trump may tighten restrictions on Nvidia sales to China — Report
The Trump administration must balance national security concerns with promises to keep US companies dominant in global markets.
Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations
Bitcoin futures traders liquidated shorts after today’s Fed FOMC comments aligned with the market consensus.
US Senator calls crypto regulation ’a matter of national importance’
The ongoing legal battle between Coinbase and the Securities and Exchange Commission (SEC) has taken a new turn as lawyers for Cynthia Lummis, a United States Senator, have filed an amicus brief in support of the cryptocurrency exchange. The brief, filed on behalf of Lummis by her legal team, argues that the SEC is overstepping its enforcement authority in its case against Coinbase.
The dispute between Coinbase and the SEC began in December 2020 when the commission announced its intention to sue the exchange over its planned launch of a lending product. The SEC claimed that the product, which would allow users to earn interest on their cryptocurrency holdings, should be registered as a security. Coinbase disagreed, arguing that the product did not meet the definition of a security and therefore did not require registration.
In September 2021, a federal judge ruled in favor of the SEC, granting a preliminary injunction that prevented Coinbase from launching its lending product. Coinbase immediately appealed the ruling, and now, with the support of Senator Lummis, the exchange is hoping to overturn the decision.
In the amicus brief, Lummis’ lawyers argue that the SEC’s interpretation of its enforcement authority is flawed and that the commission is overstepping its boundaries. They claim that the SEC’s actions in this case “flout” its authority and could have far-reaching consequences for the cryptocurrency industry as a whole.
The brief also highlights the potential impact of the SEC’s actions on innovation and competition in the cryptocurrency market. It argues that the commission’s overreach could stifle growth and hinder the development of new and innovative products and services.
This latest development in the Coinbase-SEC legal battle has drawn attention from the cryptocurrency community and beyond. Many are eagerly awaiting the outcome of the appeal, which could have significant implications for the regulation of cryptocurrencies in the United States.
As the case continues to unfold, it remains to be seen how the court will rule and what impact it will have on the future of cryptocurrency regulation. But with the support of Senator Lummis and her legal team, Coinbase is determined to fight back against what it sees as an overreach by the SEC.
Bitcoin 'extremely bullish' as traders gear up for next BTC price pump
Bitcoin has been on a rollercoaster ride in recent months, with its price experiencing significant dips and surges. However, the latest dip, known as the DeepSeek dip, seems to have been short-lived as Bitcoin has already recovered the majority of its losses.
The DeepSeek dip, which occurred on November 1st, saw Bitcoin’s price drop by over $1,000 in a matter of hours. This sudden drop was attributed to a large sell-off by a single entity, causing panic among investors and resulting in a sharp decline in Bitcoin’s value.
But just as quickly as it dropped, Bitcoin has bounced back, recovering over 80% of its losses in just a few days. This recovery is a testament to the resilience of the world’s leading cryptocurrency and a sign that its price woes may be a thing of the past.
One of the main reasons for Bitcoin’s quick recovery is the increasing adoption and acceptance of the cryptocurrency by mainstream institutions. Companies like PayPal and Square have recently announced their support for Bitcoin, allowing their users to buy, sell, and hold the digital asset. This has not only increased the accessibility of Bitcoin but has also boosted its credibility and legitimacy as a form of payment.
Moreover, the ongoing uncertainty and volatility in traditional markets, caused by the COVID-19 pandemic, have also played a role in Bitcoin’s recovery. As investors look for alternative assets to protect their wealth, many have turned to Bitcoin as a hedge against inflation and economic instability.
While Bitcoin’s price may continue to experience fluctuations in the short term, its long-term outlook remains positive. With increasing adoption and growing interest from institutional investors, Bitcoin is proving to be a resilient and valuable asset in the world of finance. So, while the DeepSeek dip may have caused some concern, it seems that Bitcoin is well on its way to overcoming any price woes and solidifying its position as the leading cryptocurrency.
Trump memecoins boost ‘crypto’ Google searches to 3-year high
The world of cryptocurrency has been buzzing with excitement lately, and it’s all thanks to a surprising source – former US President Donald Trump. According to Google Trends data from January 19th, the keyword “crypto” reached its highest search interest since November 2021, and it’s all because of Trump’s latest venture into the world of digital assets.
It all started when Trump announced the launch of his very own memecoin token, aptly named “TrumpCoin.” The token, which features a cartoon version of the former president on its logo, has caused quite a stir in the crypto community. While some are excited about the potential of this new token, others are skeptical and see it as just another attempt by Trump to stay relevant.
Regardless of one’s opinion on TrumpCoin, there’s no denying the impact it has had on the search interest for “crypto.” The sudden surge in interest is a testament to the power and influence of the former president, as well as the growing popularity of cryptocurrency in general.
But what exactly is a memecoin? Simply put, it’s a type of cryptocurrency that is based on a meme or a popular internet trend. These coins often have a humorous or satirical element to them, and they have gained a lot of attention in recent years. While some memecoins have been successful, others have been short-lived and seen as nothing more than a joke.
Only time will tell if TrumpCoin will be a success or just another passing fad. But one thing is for sure – the launch of this memecoin has sparked a renewed interest in the world of cryptocurrency, and it’s clear that people are eager to learn more about this ever-evolving industry.
So whether you’re a die-hard Trump supporter or just curious about the world of cryptocurrency, one thing is certain – the launch of TrumpCoin has definitely made a splash and put “crypto” back in the spotlight. Who knows what other surprises and developments await us in the world of digital assets? Stay tuned to find out.
SOL, LINK, OM, and RAY flash bullish signs as Bitcoin traders wait for BTC’s next move
Bitcoin, the world’s largest cryptocurrency, has been trading in a relatively stable range in recent days. This comes after a period of high volatility, where the price of Bitcoin reached an all-time high of over $64,000 in mid-April before dropping to around $30,000 in May. Currently, Bitcoin is trading at around $35,000, showing signs of consolidation.
While Bitcoin may be in a lull, other altcoins are showing promising signs of a potential rally. Solana (SOL), Chainlink (LINK), and Raydium (RAY) have all been performing well in the market, with OmiseGO (OM) also showing potential for growth.
Solana, a blockchain platform for decentralized applications, has been gaining attention for its fast transaction speeds and low fees. Its native token, SOL, has seen a steady increase in value, reaching an all-time high of over $58 in May. Despite a slight dip in price, SOL has remained relatively stable and is currently trading at around $40. With the recent launch of the Solana Season Hackathon, which aims to attract developers to build on the platform, SOL could see a further surge in value.
Chainlink, a decentralized oracle network, has also been performing well in the market. Its native token, LINK, has seen a steady increase in value, reaching an all-time high of over $52 in May. Currently, LINK is trading at around $25, showing potential for a rally in the near future.
OmiseGO, a layer-2 scaling solution for Ethereum, has also been gaining attention in the market. Its native token, OM, has seen a steady increase in value, reaching an all-time high of over $15 in May. With the recent launch of its mainnet, which aims to improve the scalability and usability of Ethereum, OM could see a significant increase in value.
Raydium, a decentralized exchange built on the Solana blockchain, has also been showing promising signs. Its native token, RAY, has seen a steady increase in value, reaching an all-time high of over $17 in May. With the recent launch of its liquidity mining program, which incentivizes users to provide liquidity to the platform, RAY could see a further surge in value.
In conclusion, while Bitcoin may be trading in a predictable range, altcoins like SOL, LINK, OM, and RAY are showing potential for a rally in the near future. As always, it
How to buy Bitcoin ETFs
Are you interested in investing in Bitcoin ETFs but not sure where to start? Look no further, as we have the perfect guide for you. In this article, we will walk you through the easiest way to invest in Bitcoin ETFs, from opening an account to choosing the best ETF for your investment goals.
First, let’s start with the basics. What exactly is a Bitcoin ETF? ETF stands for Exchange-Traded Fund, which is a type of investment fund that tracks the performance of a specific asset or group of assets. In the case of Bitcoin ETFs, they track the price of Bitcoin, allowing investors to gain exposure to the cryptocurrency without actually owning it.
Now that you have a better understanding of what a Bitcoin ETF is, let’s dive into the steps to invest in one. The first step is to open an account with a reputable brokerage firm that offers Bitcoin ETFs. Make sure to do your research and choose a platform that is secure and has a good reputation.
Next, you will need to fund your account. This can be done through various methods, such as bank transfers or credit/debit cards. Once your account is funded, you can start browsing through the available Bitcoin ETFs and choose the one that best fits your investment goals.
When choosing a Bitcoin ETF, it’s important to consider factors such as fees, performance, and the fund’s underlying assets. It’s also a good idea to diversify your portfolio by investing in multiple ETFs rather than just one.
Investing in Bitcoin ETFs can be a great way to gain exposure to the cryptocurrency market without the risks and complexities of actually owning Bitcoin. Plus, with the increasing popularity and acceptance of Bitcoin, ETFs can be a smart addition to any investment portfolio.
In conclusion, investing in Bitcoin ETFs is a simple and convenient way to enter the world of cryptocurrency. By following our guide, you can open an account, fund it, and choose the best ETF for your investment goals. So why wait? Start your Bitcoin ETF journey today and watch your investments grow.
BTC traders see 'limited upside' in short-term after SBR twist — Analyst
The Bitcoin Strategic Reserve has been a hot topic in the cryptocurrency world, with many traders eagerly anticipating its impact on the market. However, recent developments have caused some to question the effectiveness of this reserve and its potential to drive up the price of Bitcoin.
According to a crypto analyst, the lack of “concrete actions” from the Bitcoin Strategic Reserve has led options traders to lower their expectations for the near future. This comes as a surprise to many, as the reserve was initially seen as a major catalyst for a bullish market.
The Bitcoin Strategic Reserve was first announced in February 2021 by MicroStrategy CEO Michael Saylor, who revealed that his company had purchased an additional $1 billion worth of Bitcoin. This move was seen as a bold statement of confidence in the cryptocurrency and sparked speculation that other companies would follow suit.
However, since then, there has been little news or updates on the reserve, leading some to question its impact on the market. The lack of transparency and concrete plans from the reserve has caused options traders to dial back their bullish outlook for the near term.
This shift in sentiment is reflected in the recent price action of Bitcoin, which has been relatively stagnant in the past few weeks. While the cryptocurrency has seen some minor fluctuations, it has failed to break through key resistance levels and establish a clear upward trend.
Despite this setback, many in the crypto community remain optimistic about the long-term potential of the Bitcoin Strategic Reserve. They believe that once the reserve is put into action and more companies start to adopt Bitcoin, it will have a significant impact on the market and drive up the price of the cryptocurrency.
In the meantime, traders will have to wait and see how the Bitcoin Strategic Reserve unfolds and whether it will live up to its initial hype. As with any new development in the cryptocurrency world, it is important to approach it with caution and not rely solely on speculation and expectations. Only time will tell the true impact of the Bitcoin Strategic Reserve on the market.