Crypto News

A bitcoin (BTC) breakout earlier this week has traders eyeing the $100,000 level in the coming days, a euphoric trade that could be short-lived as May’s seasonality approaches.“Historically, the next couple of months have been weak for financial markets, with many investors abiding by the Sell in May and Walk Away adage,” Jeff Mei, COO at BTSE, told CoinDesk in a Telegram message.“That being said, markets have significantly underperformed over the last few months, but this year could buck the trend, with Bitcoin hitting $97K and other growth stocks coming back over the last few weeks. This past week's weak GDP numbers coming out of the US indicate some risk, as another report of negative GDP growth next quarter would...

Bitcoin dominance is up to 64.89%, up from around 57.9% at the start of the year, as its price inches closer to $100,000.Source link

The algorithmic trading firm announced that it is dropping all exposure to Ethereum, calling it “statistically broken.”Source link

This content is provided by a sponsor. PRESS RELEASE. Fastex has announced the launch of YoWallet, an upgraded version of its existing Fastex Wallet app. The migration process has already started, allowing users to transition smoothly to YoWallet to benefit from enhanced functionality and performance. YoWallet introduces several enhancements, including real-time notifications for wallet activities,Source link

The ‘Common Cents’ Act, which has bipartisan support, seeks to end the production of the $0.01 coin, commonly known as the cent, as its production and distribution costs exceed its face value. Representatives Lisa McClain and Robert Garcia, along with Senators Cynthia Lummis and Kirsten Gillibrand, are behind this proposal. Common Cents Act Gets IntroducedSource link