Venezuela to Use Tether (USDT) to Evade US Sanctions
BeInCrypto
by Harsh Notariya
2h ago
Venezuela’s state-run oil company PDVSA is pivoting to cryptocurrency, specifically Tether (USDT), to circumvent renewed US sanctions. This strategic shift aims to safeguard the country’s oil sale proceeds from being frozen in foreign bank accounts. The urgency intensifies as the US Treasury Department clamps down on the oil-rich nation due to unmet demands for electoral reforms. What Challenges Venezuela’s Shift to USDT Might Face According to Reuters, the US Treasury announced it would not renew a general license for PDVSA. Additionally, the US Treasury set a deadline of May 31 for PDVSA to ..read more
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Bitcoin’s Q1 Surge: ETFs Spark Boom, but Euphoria Signals Caution Ahead
BeInCrypto
by Harsh Notariya
2h ago
As Q2 2024 unfurls, Bitcoin continues to dominate headlines, boasting a staggering 69% price increase in the first quarter alone. This surge, primarily fueled by the debut of spot Bitcoin Exchange-Traded Funds (ETFs) and the anticipation for Bitcoin halving, underlines a transformative phase for the crypto market. However, Bitcoin’s rally has caused an increase in euphoria, signaling potential market caution. Generally, there are pullbacks or market reversals after the euphoric stage. What Are Warning Signs From Bitcoin’s Q1 2024 Performance According to the “Q2 2024, Guide to Crypto Markets ..read more
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Dogecoin (DOGE) Could See a Massive Price Surge
BeInCrypto
by Bary Rahma
9h ago
Cryptocurrency enthusiasts are poised for potential gains as Dogecoin (DOGE), the popular meme-inspired token, flashes signs of an imminent price surge. Prominent crypto analyst Ali Martinez has pointed to a critical development in Dogecoin’s trading patterns that investors should watch closely. Dogecoin’s (DOGE) Next Big Price Jump Martinez highlights that the Tom DeMark (TD) Sequential, a respected technical indicator among traders, has issued a buy signal on Dogecoin’s daily chart. This indicator, known for predicting trend reversals, suggests that DOGE’s current downtrend may be tapering o ..read more
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Fetch.AI’s Bullish Trend: Further Rally on the Horizon?
BeInCrypto
by Aaryamann Shrivastava
10h ago
Fetch.ai’s (FET) price at the moment presents a bullish outlook that will likely be successful with the aid of investors. The altcoin also banks on Bitcoin to benefit from post-halving bullishness. Fetch.ai’s Investors Remain Optimistic The actions of the whales have influenced Fetch.ai’s price in the past, which seems to be a condition for the altcoin once again. Amid the sideways movement observed in the last few days, the whales have changed their stance from HOLDing to accumulation. In the last 48 hours, the addresses holding between $100,000 to $10 million worth of assets have observed an ..read more
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Here’s How Ethereum (ETH) Holders Could Push Price to a 12% Rally
BeInCrypto
by Aaryamann Shrivastava
12h ago
Ethereum’s (ETH) price has managed to sustain above the $3,000 line as support for nearly a week before recovering. Now, with the help of investors’ resilience, the biggest altcoin in the world could further its recovery. Ethereum Investors Will Not Sell At the time of writing, Ethereum’s price is hovering above the $3,000 mark, showing signs of further recovery. One of the biggest contributors to this potential rally is the investors who have opted to HODL instead of selling. This is evident in the sudden decline in the active deposits on the network. Active deposits indicate investors’ inten ..read more
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BlackRock Bitcoin ETF Nears 70 Consecutive Days of Accumulation
BeInCrypto
by Bary Rahma
13h ago
BlackRock’s iShares Bitcoin Trust (IBIT) stands out among other spot Bitcoin exchange-traded funds (ETFs). It nears a remarkable 70 consecutive days of investment inflows. This persistent demand highlights a unique confidence among investors in the wake of Bitcoin’s latest halving. BlackRock Bitcoin ETF Thrives for 70 Days As the largest spot Bitcoin ETF in the United States by assets under management, IBIT showcased robust acquisition trends despite a general slowdown in the market. On April 19, the ETF recorded nearly $30 million in inflows, starkly contrasting the broader sector’s cautious ..read more
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This Is How the NEO Price Could Mark a New 2024 High
BeInCrypto
by Aaryamann Shrivastava
14h ago
Neo (NEO) price is holding its own despite the altcoin facing the impact of the broader market cues. The cryptocurrency, thus, seems to be preparing for a recovery from the recent losses that could occur in the coming days. Neo Is a Good Catch The crypto market event heavily influences Neo’s price because the altcoin is a relatively smaller-cap asset. This leaves it vulnerable to sudden surges and significant declines. This can also be observed on the chart, where single-day rallies have reached nearly 21.8% while corrections have hit nearly 15%. However, the Bitcoin halving changed the market ..read more
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Bitcoin TransactionFees Dropped from a $146 High Post-Halving
BeInCrypto
by Bary Rahma
14h ago
Following a dramatic spike, Bitcoin transaction fees have significantly decreased, settling at levels that provide relief to users. Last week, the network witnessed fees soaring to unprecedented heights, with medium-priority transactions hitting over $146 and high-priority ones reaching $170. However, recent data indicates a steep decline. Bitcoin Transaction Normalize Post-Halving The Bitcoin mempool, which holds all valid transactions awaiting network confirmation, currently lists the transaction fees for medium and high-priority transactions at $10.85 and $11.32, respectively. This reductio ..read more
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New York Stock Exchange Considers 24/7 Trading to Match Crypto Markets
BeInCrypto
by Harsh Notariya
15h ago
As technology reshapes finance, the New York Stock Exchange (NYSE) is pondering a revolutionary move, enabling 24/7 stock trading. This development mirrors shifts in investment expectations, largely influenced by the nonstop nature of crypto markets. NYSE Conducts Survey to Discuss Allowing 24/7 Stock Trading The NYSE has launched a survey through its data analytics team. This survey gathers market stakeholders’ views on trading major stocks like Nvidia (NVDA) or Apple (AAPL) round-the-clock. This interest in round-the-clock trading stems from changes in retail investor activity sparked by the ..read more
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Ripple Rebounds: XRP Price Hits Critical Turning Point – What’s Next?
BeInCrypto
by Ryan James
15h ago
After reaching support around $0.43, the XRP price has rebounded bullishly. As for whether Ripple will continue its upward movement largely depends on factors such as market sentiment, broader cryptocurrency trends, and any fundamental developments specific to Ripple. While the recent bounce from support is a positive sign, monitoring how XRP performs in the coming days and whether it can sustain its upward momentum is essential. XRP Price Dips to $0.43 in Recent Correction The recent correction in the Ripple price saw it reaching a low of around $0.43, where it found significant support and s ..read more
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