The current Bitcoin price of 78,955 USD, coupled with a minimal 24-hour gain of 0.32%, indicates a phase of short-term consolidation and market indecision. This minor price fluctuation suggests that buyers and sellers are in a temporary equilibrium, with trading volumes likely steadying as the marke
Two cryptocurrency industry groups representing a slew of digital asset firms are escalating their legal fight in Illinois over its controversial crypto tax.On Wednesday in a Circuit Court in Sangamon County in Illinois, the Blockchain Association and the Crypto Council for Innovation filed a motion
1136 ET - Second-round effects from high energy prices in the U.K. are unlikely to emerge, largely because labor-market conditions are much looser than they were in 2022's inflationary episode, Oxford Economics' Andrew Goodwin says in a note. The Bank of England will therefore hold its key interest
The Crypto Council for Innovation (CCI) and Blockchain Association (BA) are seeking to block Illinois from enforcing a 0.2% tax on cryptocurrency transactions before it takes effect in January 2027.The trade groups said Wednesday that they have filed a motion for a preliminary injunction in the Circ
After its strongest August since 2017, Bitcoin has faced renewed volatility in September as hawkish Fed signals and strong jobs data pressure risk assets.Yet, the daily chart has flashed a key bullish signal: a golden cross that bulls have awaited for almost a year. The setup has sparked optimism a
By Joe StonorU.S. stock futures fell and Treasury yields ticked higher in early afternoon European trading after Brent crude oil topped $100 a barrel for the first time since July.American forces destroyed five Iranian oil tankers in response to attacks by Iran on U.S. warships, U.S. Central Comman
Ripple’s XRP (XRP) outperformed major cryptocurrencies on Wednesday as Bitcoin (BTC) attempted to claim the $80,000 level after spending much of the past several sessions trapped below it. The performance contrasted with gains of about 1% for Bitcoin, 1.4% for Ethereum (ETH), and less than 2% for So
CANBERA (dpa-AFX) - Persisting hostilities in the Middle East lifted crude oil prices further, pushing bond yields higher and dampening global market sentiment. The energy price shock renewed concerns about a rate hike by the Federal Reserve, ahead of key data releases from the U.S. related to produ
Bitcoin this week confirmed a daily golden cross, signaling its bear-market low may be in. But history suggests a sharp pullback could come first.Prominent crypto analyst Kev Capital on Tuesday nothed that Bitcoin’s 50-day moving average has crossed above its 200-day moving average after more than
Malone Lam, a 22-year-old Singaporean and recent Miami resident, pleaded guilty in a Washington, D.C. federal court to one count of participating in a RICO conspiracy tied to the theft and laundering of more than $245 million in Bitcoin and cryptocurrency. He faces a maximum sentence of 20 years, ac
Singaporean national Malone Lam pleaded guilty to participating in a racketeering conspiracy that used social engineering and home break-ins to steal and launder more than $245 million in cryptocurrency.On Tuesday, the US Justice Department said that Lam organized the international operation, identi
Bitcoin staged another sharp intraday recovery on Wednesday, rebounding more than $1,500 after sliding towards $77,600 as investors digested surging oil prices and uncertainty over US interest rates.BTC traded as low as roughly $77,638 before recovering above $79,000 during the Asian session. Brent