BTC Financial News

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Inflation concerns in the US re-emerged after data showed the Consumer Price Index (CPI) unexpectedly inched higher in November month-on-month but edged lower on an annual basis. The data bolstered expectations that the Fed will not pivot to rate cuts early next year. At 11:57 a.m., BTC was trading 1% lower at $40,999, while the second most popular token, Ethereum, was down 2% at $2,171. At the same time, the global cryptocurrency market cap declined by 1.7% in the last 24 hours to approximately $1.54 trillion. «Bitcoin maintains its position above the $40,000 mark despite some liquidations ahead of the US interest rate decision scheduled for today. Key resistance for BTC is at the $41,450 level, while support is identified at $39,500,» said Edul Patel, CEO of Mudrex.

Bitcoin (BTC) chart analysis suggests the price has formed a key short-term technical pattern that could be a harbinger of extreme volatility ahead, with quick dump to $38,000 or pump towards $48,000 possible depending on how the pattern is broken.

Bitcoin (BTC), the pioneering cryptocurrency, currently faces a downtrend, slipping below the pivotal $42,000 mark, trading at $42,200 with over 1.50% decrease. This movement prompts questions about Bitcoin’s future trajectory and whether this bearish trend will persist.

Officials from the US Securities and Exchange Commission (SEC) met with three employees of BlackRock on Thursday to discuss the asset manager’s application to set up a spot Bitcoin Exchange Traded Fund (ETF), as per a memorandum released by the SEC on Friday.

Bitcoin spot ETF applicants will almost certainly be forced by regulators to adopt an “in-cash” redemption model for their fund’s shares, according to Bloomberg ETF analyst Eric Balchunas.

In the dynamic landscape of cryptocurrency, Bitcoin, the pioneering digital currency, has recently seen a downturn, slipping below the $43,000 threshold. This decline aligns with the broader crypto market, which witnessed a 0.25% drop in its global market cap, now standing at $1.61 trillion.

This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes.

InQubeta (QUBE) might be the best crypto to invest in now as its presale continues to defy expectations. The new DeFi project has already raised over $6.7 million as it moves into its sixth stage, earning early investors 175% returns on their investments.

The surge in volatility that followed the US Federal Reserve’s interest rate announcement on Wednesday caused some $48 million to be liquidated in 24 hours in the Bitcoin market.

In the ever-shifting landscape of cryptocurrency, Bitcoin encounters resistance at the crucial $43,400 mark, forming a challenging double top pattern. This movement comes amid a backdrop of the Federal Reserve’s nuanced monetary balancing act, which has sent ripples across financial markets globally.

deepfake videos of him circulating on the internet. In a post on X (formerly Twitter), he said some web pages claimed that the tech tycoon invested in automated trading applications. “In recent months, there have been several fake news items propagated via social media apps and on various webpages available on the internet claiming that I have endorsed or invested in automated trading applications," Murthy wrote on the microblogging site.

Blue-chip cryptocurrency markets are mostly higher on Thursday as the crypto market benefits from macro tailwinds with US stocks pushing higher and US government bond yields and the US Dollar Index (DXY) dumping.

Bitcoin’s recent price surge beyond $42,000 marks a significant turnaround in its market trajectory, particularly in light of dovish signals from the US Federal Reserve.

Stronger-than-expected US November Retail Sales data released earlier on Thursday triggered a sudden near-$1,500 drop in the Bitcoin (BTC) price from just under $43,000 to around $41,500.

It’s been an impressive week for Polygon as crypto whales go on a $90M buying spree, which has led to speculation if Pullix (PLX) and Avalanche (AVAX) could be next. Find out more about the hidden gem Pullix, for which experts predict a 30x growth during its presale phase. We’ll also cover some interesting developments in the Avalanche ecosystem.

The digital currency landscape is abuzz as Bitcoin’s price soars to $42,777, marking a significant 4% increase on Thursday. This rally is buoyed by a wave of optimism following the Federal Reserve’s latest FOMC meeting, which indicated a dovish stance on future rate hikes, and sparked lively discussions on the approval of Bitcoin Spot ETFs, with investment giant BlackRock interpreting the minutes as a ‘green light for investors.’

In the ever-evolving and thrilling world of cryptocurrencies, Bitcoin (BTC) has recently stolen the show by testing the $43,000 mark, leaving short sellers in a tough spot. Meanwhile, rising stars like Kaspa (KAS) and BorroeFinance ($ROE) are gearing up for what could be an exponential surge, making them hot topics for anyone looking for the top crypto to buy. Let’s delve into these exciting developments.

XRP (-0.6%), and Dogecoin (-2.3%) were trading in the red, while BNB (7%), Solana (2.1%), Cardano (4.2%), and Avalanche (15%) were trading in the green. Meanwhile, the global cryptocurrency market cap declined by 0.21% to around $1.58 trillion in the last 24 hours. At 12.50 p.m., BTC was trading 1.1% lower at $41,786. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, fell to $817 billion. Bitcoin has had a rough start to the week with a wick towards $40,300 today. It is now recovering and consolidating near $41,800. As market structure has not yet changed fundamentally, hopes of a rally towards $48,000 remain strong as we lead to the year's end, said Vikram Subburaj, CEO of Giottus Crypto Platform.

In the dynamic world of cryptocurrency, Bitcoin (BTC) is experiencing subtle yet noticeable fluctuations, trading at $41,457 with over 0.50% rise as of Tuesday. Market sentiments are heavily influenced by key economic events and policy changes. As the Federal Open Market Committee (FOMC) meeting approaches, noted Fed observer Jim Grant anticipates long-term high rates, casting a significant impact on Bitcoin’s valuation.

Popular Ethereum-based automated market maker (AMM) Uniswap has launched its version 3 (v3) on the Rootstock blockchain protocol.