Cryptocurrency Analysis and News Portal
On Monday, the S&P 500 fell to a new record low for the year as the 10-year Treasury yield hit 3% for the first time since 2018. Also, on Monday, European stocks plunged during the first few minutes of trading, which caused some exchanges to briefly halt trading. Gold, a
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Most cryptocurrencies were mixed on Thursday, indicating uncertainty among traders. Ether (ETH), the second-largest cryptocurrency by market capitalization, is also trading around the midpoint of its three-month price range around $3,000. ETH is down 13% so far this month, compared with an 11% drop in Solana's SOL token and 4%
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Typically, investors reduce their exposure to speculative assets, such as stocks and cryptos, when faced with high uncertainty. So far this year, the S&P 500 is down about 12%, compared with a 17% decline in bitcoin (BTC). Meanwhile, gold, a traditional safe haven asset, is up 3% over the same
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Bitcoin (BTC) dipped below $40,000 support on April 18, and the two-week 15% correction was enough to prompt predictions of $30,000 prices in the near term. Meanwhile, regulatory uncertainties continue to be a key concern for investors, including the failed European Know Your Customer (KYC) and Anti-Money Laundering (AML) proposed rules for
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During a shortened week in traditional markets, with U.S. stock exchanges closed on Friday, bitcoin struggled for direction, hovering around $40K, while DOGE and SHIB experienced wild swings. Original Source
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New EU laundering rules could be unworkable and destructive to the industry, some worry – but others say crypto companies must learn to live with privacy-busting regulation. Source
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The asset manager announced changes to a trio of diversified crypto funds. Original Source
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Bitcoin (BTC) and other cryptos are rising after the Luna Foundation Guard purchased $1 billion worth of BTC over the past few days. Some crypto traders are turning bullish, evidenced by the rise in buy volumes across exchanges. Source
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Bitcoin (BTC) reversed earlier gains as geopolitical tensions escalated on Friday. Ether (ETH) continues to underperform, similar to what occurred in the 2018 crypto bear market. Still, stocks and crypto could see a relief rally if/when war conditions ease. Source
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Meanwhile, India is on the verge of passing a proposal that would levy a 30% tax on any income generated from crypto transactions, and the country has plans to introduce a central bank digital currency (CBDC), or digital rupee, by the end of the year. When it comes to regulating
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