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Pepe Coin Consolidates After Price Dip, Eyes Gains Before Bitcoin Halving
Cryptocurrency

Pepe Coin Consolidates After Price Dip, Eyes Gains Before Bitcoin Halving

Pepe Coin price is currently consolidating after a correction, with its sights set on potential growth before the upcoming Bitcoin halving event. The meme coin sector experienced a significant downturn recently, mirroring a broader correction in the crypto market following Bitcoin's retreat from highs above $70,000 last week. Tokens like PEPE, WIF, and BONK saw their March gains considerably eroded. Read Also: Meme Coins Take Over: Shiba Inu Leads the Charge on Indian Crypto Exchange WazirX Pepe Coin Seeks Support, Eyes Uptrend Despite the bearish outlook, Pepe Coin is attempting a recovery following a 24% drop from its recent peak of $0.000009. The 200-day EMA (Exponential Moving Average) is acting as immediate support, potentially paving the way for a trend reversal. Howev...
The Crypto Community’s Symphony of Anticipation: Gensler’s Warnings and the Impending Bitcoin ETF Decision
Bitcoin

The Crypto Community’s Symphony of Anticipation: Gensler’s Warnings and the Impending Bitcoin ETF Decision

In the fast-paced world of cryptocurrencies, excitement and tension are reaching a crescendo as the Securities and Exchange Commission (SEC) faces a deluge of Bitcoin ETF applications. SEC Chair Gary Gensler recently sent shockwaves through the crypto community with a carefully crafted series of cautionary tweets, creating a sense of electric anticipation. Read Also: Shiba Inu Investors Navigate Turbulent Waters as SHIB Dips Below $0.00001; Opportunity or Concern? Gensler’s Cautionary Symphony Gensler's Twitter thread was more than a casual scroll through crypto headlines; it was a meticulously orchestrated symphony of caution. He highlighted three critical points that grabbed the attention of the crypto community: Potential Non-Compliance: Gensler expressed concern about crypto ...
Chamber of Digital Commerce CEO Foresees Bitcoin at $1 Million by 2029, Advocating for Mass Adoption
Bitcoin

Chamber of Digital Commerce CEO Foresees Bitcoin at $1 Million by 2029, Advocating for Mass Adoption

Bitcoin (BTC), the leading cryptocurrency by market capitalization, has been a focal point of attention in the financial realm, currently trading at around $43,000. Chamber of Digital Commerce CEO Perianne Boring, however, sees this as just the beginning, projecting a remarkable surge that could see Bitcoin's value reaching $1 million by 2029. In a recent CNBC interview, Boring shared her bullish outlook, attributing the potential surge to the increasing adoption of Bitcoin and the fundamental principles of supply and demand. Read Also: Terra Classic (LUNC) Emerges Victorious as Community Revives LUNC and USTC, Outperforming Terra (LUNA) Bullish Vision and Rationale Boring's optimistic prediction is not based on mere speculation. She relies on valuation models indicating Bitcoin's "fa...
XRP Joins Bitcoin in Bullish Surge: BlackRock’s Move and Bitcoin ETF Approval Prospects Spark Crypto Market Anticipation
XRP News

XRP Joins Bitcoin in Bullish Surge: BlackRock’s Move and Bitcoin ETF Approval Prospects Spark Crypto Market Anticipation

In a remarkable turn of events, Bitcoin (BTC) has experienced a staggering surge from approximately $15,000 last year to an impressive $38,000, marking a significant upward trajectory. Notably, XRP has mirrored this positive momentum, surging over 56% from $0.3986 to $0.61 in the past year. As the two leading cryptocurrencies showcase praiseworthy performance, the crypto market is poised for a potential influx of capital, according to insights from Forbes contributor Billy Bambrough. Read Also: Bitcoin's Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism XRP has mirrored this positive momentum of Bitcoin The catalyst for this anticipated surge is rooted in the prospect of the approval of a Bitcoin spot exchange-traded fund (ETF), a development ...
Bitcoin’s Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism
Bitcoin

Bitcoin’s Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism

In the past 24 hours, Bitcoin (BTC) has reclaimed its bullish strength, marking a 2.47% rise and revisiting the $38,000 milestone, according to data from CoinMarketCap. Despite a brief pullback to $37,912 as of the latest update, the cryptocurrency's upward momentum suggests growing odds of a breakout. Read Also: Solana (SOL) Rockets to New Highs Amidst Memecoin Frenzy and Broader Crypto Market Surge Derivatives Traders Drive Momentum This resurgence in Bitcoin's price is accompanied by a notable increase in speculative activity among derivatives traders. Open Interest (OI) in BTC futures and perpetual futures contracts has surged by 4.22% in the last 24 hours, as revealed by Coinalyze data. The simultaneous rise in both price and Open Interest is often indicative of a strengthening b...
US Congressman Criticizes Bitcoin Creator “Satoshi Nakamoto” for Lack of Innovation
Bitcoin

US Congressman Criticizes Bitcoin Creator “Satoshi Nakamoto” for Lack of Innovation

In a recent controversial statement, a US Congressman has raised eyebrows within the cryptocurrency community by denouncing the creator of Bitcoin, whom he referred to as "Satoshi Nakamoto," for a perceived lack of innovation. The remarks, made during a congressional hearing on digital currencies, have sparked a heated debate among proponents and critics of the world's first decentralized cryptocurrency. US Congressman Says Satoshi Nakamoto is not Innovative. Here is Why https://twitter.com/WatcherGuru/status/1684245942541643776 The Congressman, whose name has not been disclosed at the time of this report, claimed that the anonymous creator of Bitcoin did not introduce any groundbreaking technology and merely built upon existing concepts. The comments came as a surprise to many, as Bi...
Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip
Bitcoin

Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip

In a recent interview with crypto influencer Scott Melker, Bloomberg Intelligence's senior macro strategist, Mike McGlone, reaffirmed his long-term prediction of Bitcoin (BTC) reaching $100,000. However, he cautioned that the cryptocurrency could experience a significant dip before achieving that milestone. McGlone emphasized that he initially made the call for Bitcoin to reach $100,000 when it was trading below $20,000. While he remains confident in the six-figure price target for the long term, he believes it is more likely for Bitcoin to undergo a 50% correction and fall to the $20,000 level or even establish a new low before embarking on a parabolic trajectory. Read Also: Binance Heeds LUNC Rebel's Call for More Trading Pairs on LUNC To support his forecast, McGlone pointed to...
Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent
Bitcoin

Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent

In a recent tweet that sparked excitement within the cryptocurrency community, the CEO of Grayscale Investments, Michael Sonnenshein, expressed his confidence in the eventual approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Sonnenshein's tweet read, "It's a matter of when, it's not a matter of if" a spot #Bitcoin ETF gets approved by the SEC, igniting speculation about the future of cryptocurrency investment. https://twitter.com/BitcoinMagazine/status/1679176669108617230 The announcement by the influential CEO, whose firm manages the world's largest Bitcoin investment trust, comes after years of attempts by various entities to gain regulatory approval for a Bitcoin ETF. The SEC has historically been cautious about approving s...
CBOE Bitcoin ETF Applications Forge Surveillance-Sharing Agreements with Coinbase, Await SEC Decision
Bitcoin

CBOE Bitcoin ETF Applications Forge Surveillance-Sharing Agreements with Coinbase, Await SEC Decision

In a significant development for the cryptocurrency industry, all five spot Bitcoin exchange-traded fund (ETF) applications submitted by the Chicago Board Options Exchange (CBOE) have reached surveillance-sharing agreements with Coinbase, a leading cryptocurrency exchange. This news, shared by Bitcoin Magazine, has sparked anticipation as market participants eagerly await the Securities and Exchange Commission's (SEC) decision on these groundbreaking ETF proposals. Read Also: Renowned Author of "Rich Dad, Poor Dad" Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year. https://twitter.com/BitcoinMagazine/status/1678774627743707138 Surveillance-Sharing Agreements Boost CBOE Bitcoin ETF Applications The CBOE's pursuit of Bitcoin ETFs has gained momentum...
Former SEC Chairman Praises Institutional Interest in Bitcoin as “Remarkable”
Bitcoin

Former SEC Chairman Praises Institutional Interest in Bitcoin as “Remarkable”

In a recent tweet by Bitcoin Magazine, a former chairman of the U.S. Securities and Exchange Commission (SEC) he expressed his admiration for the growing institutional interest in Bitcoin. The former SEC chairman described it as "remarkable" that major financial institutions, including BlackRock, are willing to associate their reputations with the leading cryptocurrency. His comments reflect a shifting sentiment within the regulatory and financial sectors towards the recognition and acceptance of Bitcoin as a legitimate asset class. Read Also: Grayscale Expresses Concerns Over SEC's Differential Treatment of Bitcoin ETFs https://twitter.com/BitcoinMagazine/status/1678473730647793700 Former SEC Chairman (Jay Clayton) Praises Institutional Investors as Bitcoin take a significant move ...