Bitcoin (BTC) witnessed a significant ‘bull versus bear’ momentum throughout May, fluctuating within the $62,000-$70,000 range. Over the past 30 days, this largest cryptocurrency by market cap surged over 13%. As of late May, BTC teased a brief bullish rally to near its all-time high (ATH) while facing multiple hurdles.
The XRP community has been lively following a cryptic post by Ripple’s CEO, Brad Garlinghouse, which led to widespread speculation and anticipation after he posted a Chimpanzee artwork on his X account. The artwork “Laugh now, but one day XRP will power the world” features a downcast chimpanzee wearing a
The crypto market has experienced some development over the past week, as BTC and ETH prices have surged. After months of anticipation and countless delays, Ethereum ETFs have finally been approved by the U.S. Securities and Exchange Commission (SEC). This regulatory decision adds fuel to the market, a sense of
Bitcoin has experienced significant volatility over the past 24 hours, decreasing by 3.35%. After peaking at $70,041.27, the price eventually fell to $66,356.95. Three days ago, Bitcoin hit a monthly high of $71,979, but the bulls couldn’t maintain the momentum. Despite this, Bitcoin is up 2.30% over the past week,
In a historic move, the United States House of Representatives approved H.R.4763, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, on May 22. The bill, aimed at providing regulatory clarity for digital assets, passed with a significant majority in a 279 to 136 vote. This
The Bitcoin Policy Institute announced the launch of the Peer-to-Peer Rights Fund, a new initiative aimed at protecting Bitcoin’s decentralized nature from regulatory overreach. The fund’s inaugural objective is to defend the founders of Samourai Wallet, Keonne Rodriguez, and William Lonergan Hill. They face charges of conspiracy to commit money
Bitcoin bulls made a comeback this week, surprising many investors after facing downward movements since the start of the month. Yesterday, BTC hit a five-week high of $67,700. In the past week, it surged 10.33%, and on a monthly timeline, it increased by 4%. The trading volume is up by
DWF Labs finds itself under the spotlight once again. Recently, the firm made headlines after depositing a substantial 3 million TOKEN ($322,000) onto the Gate.io platform just 15 hours ago. This move comes after DWF Labs received 120 million TOKEN from the Floki team back on November 1, 2023, when
U.S. Senate voted 60-38 on Thursday to overturn the controversial SEC policy, Staff Accounting Bulletin No. 121 (SAB 121), following the House’s lead. Despite this legislative push, President Joe Biden has pledged to veto the resolution, arguing it would undermine investor protections and financial stability. A bipartisan coalition, including a
Spot bitcoin exchange-traded funds (ETFs) in the United States witnessed a notable uptick in total net inflows, reaching nearly $66 million in a single day. This surge propelled the cumulative total net inflow of these products since their listings to an impressive $11.75 billion. Leading the charge was Fidelity’s offering,
