Bitcoin backers have minimized claims that fears around quantum computing being a threat to the cryptocurrency sooner than expected are dragging on its price. Glassnode lead analyst James Check said in an X post on Thursday that linking Bitcoin’s price to quantum computing fears “is akin to blaming market manipulation for red candles, and declining…
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Institutional investors aren’t likely to be the ones to push Bitcoin to new highs this year without a market-moving event, according to macro researcher and FFTT founder, Luke Gromen. “If you’re counting on institutional investors to run it from you know 90 to you know 150, if that’s your plan, that’s probably not going to…
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US stocks and the crypto market showed signs of life on Wednesday after US President Donald Trump stood down on tariffs tied to his efforts to claim Greenland. The S&P 500 closed the trading day up 1.16% on Wednesday, hours after Trump said on Truth Social that he had held a “very productive meeting” with…
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Crypto could be in “optimal conditions” for a breakout as Bitcoin whales and sharks accumulated 36,322 Bitcoin over the past nine days while retail dumped, according to analysts from Santiment. “Bitcoin’s whales & sharks continue to accumulate,” Santiment said in an X post on Tuesday, after Bitcoin (BTC) dropped 4.55% over 24 hours, trading at…
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US homebuilder Megatel Homes is set to launch a crypto rewards platform after receiving a Securities and Exchange Commission “no-action” letter. Megatel said on Thursday that the platform, dubbed MegPrime, would give users rewards for using “MP Tokens,” such as using them to pay their rent to earn back tokens that can be used for…
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Crypto market sentiment has dropped after hitting a multi-month high, as the crypto industry in the US is divided over a Senate version of a highly-awaited crypto market structure bill. The market sentiment-tracking Crypto Fear & Greed Index, slid by 12 points on Friday to a “neutral” score of 49 out of 100, dropping from…
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Crypto lending company Nexo Capital will pay a $500,000 to California’s financial regulator over allegations it issued thousands of loans to state residents without properly assessing their ability to repay. The California Department of Financial Protection and Innovation (DFPI) said on Wednesday that Nexo made at least 5,456 consumer and commercial loans to Californians without…
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Bitcoin will likely reach new all-time highs despite poor performance against gold and tech stocks last year, according to BitMEX co-founder Arthur Hayes, citing the potential expansion of monetary conditions. “If gold and the Nasdaq have the juice, how is Bitcoin going to get its groove back? Dollar liquidity must expand for that to happen,”…
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Major US crypto exchange Coinbase says it has withdrawn its support for the Digital Asset Market Clarity Act, with CEO Brian Armstrong arguing that it would cause far more harm than good to the crypto industry in its current form. “This version would be materially worse than the current status quo. We’d rather have no…
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Bitcoin’s price could be heading for the psychological $100,000 level after breaking above $95,000 on Tuesday, with analysts attributing the recent rally to a surge in spot buying. “Seems like this rally on Bitcoin is led by spot buying,” crypto analyst Will Clemente said in an X post on Tuesday. Over the past 24 hours,…
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