The S&P 500 just closed at another record high while bitcoin made another run to the $80,000 level earlier Saturday. The largest crypto traded at $78,180 in Asian hours Saturday, up 0.8% on the week and recovering from a Wednesday low near $75,500 that came on the back of fresh Iran military escalation reports. The…
Bitcoin’s quantum computing concerns have always had a Satoshi problem inside it. Millions of bitcoin sitting in old wallets with exposed public keys could be vulnerable to theft if powerful enough quantum computers arrive. That includes the roughly 1.1 million bitcoin attributed to pseudonymous creator Satoshi Nakamoto, currently worth around $84 billion. The obvious defense…
XRP’s (XRP) sentiment on social media has risen sharply over the last few days, but overhead resistance at $1.40 kept the price in consolidation. Key takeaways: XRP’s social media sentiment has risen 240% over the last 30 days to a two-year high. XRP price recovery may face resistance at $1.40, with a prolonged consolidation likely….
Several Bitcoin (BTC) data points suggest that $80,000 is the next destination for the cryptocurrency. Bitcoin gained 2.52% to trade above $78,800 on Friday after holding support at the 100-day exponential moving average. Spot market buy volumes also strengthened while the cumulative volume delta (CVD) reached 11,500 BTC, its highest level since Feb. 17. BTC…
The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could now move closer to becoming law after new stablecoin yield provisions were published, according to Coinbase chief legal officer Faryar Shirzad. “It’s time to get CLARITY done,” Shirzad said in an X post on Friday, after US Senator…
The crypto market ticked higher on Friday. Bitcoin BTC$78,317.34 rose 1.25% since midnight UTC to trade at $77,250, and the CoinDesk 20 Index (CD20) added 0.7% with 14 members in the green. The increase comes after bitcoin found support at $75,000, a price it had earlier found difficult to climb above, on Wednesday. It has…
Bitcoin BTC$78,258.12 moved higher on Friday, extending gains as U.S. markets opened and risk appetite improved. The largest cryptocurrency is now up nearly 3% over the past 24 hours, continuing a climb that began overnight. It was last trading at $78,722, edging closer to the $80,000 mark once again. Earlier this week, bitcoin approached that…
Riot Platforms (RIOT) shares jumped about 8% on Friday after Advanced Micro Devices (AMD) expanded its capacity at the company’s Rockdale, Texas campus, highlighting Riot’s continued pivot from bitcoin mining into AI and high-performance computing. According to the Q1 financial results, AMD exercised an option to double its contracted capacity to 50 megawatts (MW), with…
Stablecoin yield would be prohibited under a newly released agreement addressing that contentious part of the crypto market structure legislation in an approach that’s broadly similar to what’s been discussed since the start of the year. The new section of proposed Digital Asset Market Clarity Act text released Friday revealed that the compromise hashed out…
Those looking for fresh narratives around bitcoin are getting so desperate that they’re bordering on lunacy. One popular crypto account on X recently suggested that gold will be displaced by bitcoin because we are going to build data centers on the moon, which will then enable us to, I guess, mine gold on asteroids, or…
