Author: Crypto News

Last updated: April 26, 2024 18:01 EDT | 3 min read Best Crypto to Buy Now April 26 – Litecoin, Neo, Ethereum Classic / Source: Cryptonews With major cryptocurrencies trading with a bearish bias on Friday, investors are scouring altcoins markets for the best crypto to buy now for quick gains.Bitcoin (BTC) was last trading with losses of around 1%, just below $64,000. Ether (ETH), meanwhile, is stuck in the mid-$3,100s.Another US data release pointed to sticky inflation pressures in the country, emphasizing the Fed won’t be cutting rates soon. Here is Powells favourite inflation gauge. PCE Core Service Less…

Last updated: April 26, 2024 17:51 EDT | 3 min read Cardano Investors Swing to This Exciting Virtual Reality ICO, Chasing Potential 2,300% Profits / Source: Cryptonews As the Cardano (ADA) price struggles to gain traction, investors are turning to a new virtual reality ICO called 5thScape (5SCAPE) to chase potential 2,300% profits.Cardano is currently stuck in a downtrend from its 2024 highs above $0.80. The 21DMA is also providing strong resistance. Last at $0.468, ADA is down over 10% from earlier weekly highs.As the Cardano (ADA) price struggles to gain traction, investors are swinging to an exciting virtual reality…

Last updated: April 26, 2024 17:43 EDT | 5 min read Stablecoin adoption is increasing rapidly. Data from research firm rwa.xyz shows the number of addresses holding both dollar and crypto-pegged stablecoins has increased by 15% in 2024, which is the highest to date. New research from blockchain analysis firm Chainalysis further found the growing prominence of stablecoins in overall on-chain transaction activity. Chainalysis’ “Crypto Spring Report” noted that stablecoins are becoming a true, global asset. 4/ Stablecoins offer anyone with an internet connection a gateway to the USD, unlocking new pathways of financial inclusion. The US leads in purchases, but…

Last updated: April 26, 2024 17:24 EDT | 3 min read Bitcoin Price Chops Either Side of $64,000 Following Latest US Inflation Report – Here’s What You Need To Know / Source: Cryptonews The Bitcoin (BTC) price chopped either side of the $64,000 level on Friday in the wake of the latest US inflation data report, which showed the Core PCE index rising 0.3% MoM in March, in line with the market’s expectations.A MoM inflation rate of 0.3% translates to an annualized inflation rate of around 3.6%. That’s well above the Fed’s 2% inflation target, pointing to still uncomfortably high…

Last updated: April 26, 2024 16:34 EDT | 1 min read Ki Young Ju, the founder and CEO of CryptoQuant, voiced his support on April 25 for crypto mixing, arguing that such activities were not illegal. His reaction was in response to the arrest of Samourai Wallet’s founders, which sparked concerns in the crypto community over the U.S. government’s aggressive crackdown on the crypto industry.CryptoQuant CEO Voices Out Concerns On DOJ’s Stance on Privacy-Driven TechnologiesThe U.S. Department of Justice (DOJ) arrested Keonne Rodriguez and William Hill, the CEO and chief technology officer of Samourai Wallet on April 24. They each…

Last updated: April 26, 2024 16:19 EDT | 1 min read Over $500 million in Ethereum (ETH) long positions could be liquidated if the price experiences another major drop this weekend. This concern stems from the recent volatility witnessed in the ETH market, with sharp price swings becoming a recurring theme.Price Swings Threaten Ethereum LongsLast weekend, the price of ETH plunged by 2.5%, dropping to $3,036, triggering liquidations for some long positions.An even steeper decline of 9% occurred on April 13, pushing the price down to $2,950 before a rebound.ETH is currently trading at $3,052, down 0.52% in the last 24…

Last updated: April 26, 2024 15:11 EDT | 1 min read Crypto investor Arthur Hayes believes Bitcoin could experience a bull run resurgence if, as he anticipates, liquidity returns to the economy next week stemming from Janet Yellen’s policies.Bitcoin could see renewed momentum due to new United States economic shifts. Hayes believes that while the Federal Reserve’s decision to maintain interest rates may not directly impact Bitcoin and altcoins, Treasury Secretary Janet Yellen is now the key figure to watch.Hayes Insights on “Ignoring the Fed” in Bitcoin Bull RunOn April 29, the United States Treasury plans to release quarterly refunding…

Last updated: April 26, 2024 14:21 EDT | 2 min read John Deaton’s involvement in the Coinbase vs. SEC case underscores his commitment to advocating for clearer and more effective crypto regulations. John Deaton, the crypto attorney turned Massachusetts senate candidate fighting for incumbent Elizabeth Warren’s seat in the senate, is set to file an amicus curiae brief in support of Coinbase’s interlocutory appeal against the United States Securities and Exchange Commission (SEC), Fox Business reporter Eleanor Terrett said Friday.John Deaton Throws Support to Coinbase in Its SEC AppealAccording to Terrett’s X post, Deaton will file a brief supporting Coinbase’s…

Last updated: April 26, 2024 13:56 EDT | 2 min read Bitcoin Price PredictionIn today’s financial landscape, Bitcoin price predictions have become increasingly relevant as the cryptocurrency navigates through volatile market conditions. Currently priced at $64,226, Bitcoin shows a minor decrease of 0.75% within the last 24 hours, yet maintains its dominance with a robust market cap of approximately $1.25 trillion.Bitcoin Price PredictionLooking at the technical analysis, Bitcoin (BTC/USD‘s pivot point stands at $65,145. The immediate resistance levels are observed at $67,295, $69,235, and $71,065.These levels are crucial for traders looking to gauge potential selling or buying momentum as Bitcoin…

Last updated: April 26, 2024 13:25 EDT | 2 min read Runes Protocol draws criticism for its impact on Bitcoin’s network, sparking debate about its design and implications. Bitcoin core developer Luke Dashjr criticized the Runes protocol in a Friday X post, suggesting it exploits a fundamental design flaw within the Bitcoin blockchain network.In his post, Dashjr highlighted the contrasting nature of Ordinal Inscriptions and the Runes protocol in their interactions with the network. Ordinals exploits vulnerabilities. Runes merely exploit design flaws. — Luke Dashjr (@LukeDashjr) April 26, 2024He explained that while Ordinals exploit vulnerabilities within Bitcoin Core, the Runes…