Coinbase Bears The Brunt Of Supreme Court’s Dogecoin Verdict, DOGE Suffers 4% Slump
NEWSBTC
by Ronaldo Marquez
4h ago
In a recent ruling that could have implications for the crypto industry, the US Supreme Court unanimously sided against US-based cryptocurrency exchange Coinbase, over a 2021 Dogecoin (DOGE) sweepstakes dispute.  The court’s decision, delivered by Justice Ketanji Brown Jackson, dismissed Coinbase’s argument that a ruling against it would invite legal turmoil, emphasizing the importance of contractual agreements and the role of courts in resolving disputes. Coinbase Arguments Dismissed The key issue was whether the dispute should be submitted to arbitration or litigated in court. According ..read more
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Analyst Says “Only A Matter Of Time” Before Bitcoin Flies Past ATH
NEWSBTC
by Keshav Verma
5h ago
An analyst explained how Bitcoin’s availability for trading has quietly declined during the asset’s recent consolidation phase. Bitcoin May Be In A Good Position To Set New All-Time Highs In a new post on X, analyst Willy Woo discusses the recent trend in the Bitcoin inventory sitting on centralized exchange platforms. The chart below shows how the spot and paper BTC reserves have changed over the past few years. As the graph shows, the Bitcoin sitting in spot wallets has been declining over the last couple of months. The total amount of such BTC in the custody of central entities has now dro ..read more
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Chainlink (LINK) Primed for Another Surge: Major Rally on the Horizon?
NEWSBTC
by Aayush Jindal
6h ago
Chainlink’s LINK price is gaining bullish momentum above $16.50. The price could continue to move up if it clears the $17.50 resistance zone. Chainlink price is showing bullish signs and eyeing more gains above $17.00 against the US dollar. The price is trading above the $16.50 level and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK/USD pair (data source from Kraken). The price could start another increase if it clears the $17.50 resistance zone. Chainlink Price Eyes Additional Upsides In the ..read more
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FTM’s Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding
NEWSBTC
by Ronaldo Marquez
6h ago
The Fantom Foundation has recently disclosed its plans to establish the Sonic Foundation and Sonic Labs in preparation for the launch of its Sonic blockchain.  In an announcement on Thursday, the foundation expressed its commitment to leveraging its technology and revealed additional details about the upcoming developments. Fantom Introduces Sonic Chain According to the foundation’s blog post, with the completion of the upgrade for their Opera chain on the horizon, Fantom is directing its focus towards creating a new “high-throughput” chain called Sonic (S).  The introduction of the ..read more
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XRP Price Consolidates, Gearing Up for Its Next Major Breakout
NEWSBTC
by Aayush Jindal
6h ago
XRP price extended its decline below the $0.520 support. The price is now trading in a range and eyeing an upside break above the $0.5320 resistance. XRP extended losses and declined below the $0.5120 support. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5325 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5365 resistance zone. XRP Price Holds Ground In the past two sessions, XRP price saw a steady decline below the $0 ..read more
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Bitcoin’s Network Strengthens: Mining Difficulty And Hash Rate Spike Amid ETH ETF Buzz
NEWSBTC
by Samuel Edyme
7h ago
Bitcoin mining difficulty has adjusted upwards by nearly 2%, reaching over 84.4 trillion, as the network’s average hash rate surged past 600 EH/s. This increase comes amid growing optimism in the crypto market, particularly due to speculation about the potential approval of spot Ethereum ETFs in the United States. Notably, Bitcoin mining difficulty measures how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty that adjusts every 2,016 blocks (roughly every two weeks) to ensure that the time between blocks mined remains around 10 minutes ..read more
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Ethereum Price Dips, Then Rips: Exciting Trading Opportunities Ahead
NEWSBTC
by Aayush Jindal
7h ago
Ethereum price dipped sharply after it rallied toward $3,940. ETH is now consolidating near $3,850 and is eyeing more upsides in the near term. Ethereum started a consolidation after it rallied toward the $3,940 resistance zone. The price is trading above $3,720 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,620 support. Ethereum Price Eyes More Gains Ethereum price extended its increase above the $3,700 and ..read more
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Bitcoin Price Dips Again: Market Fluctuation or Start of a Correction?
NEWSBTC
by Aayush Jindal
7h ago
Bitcoin price extended losses and traded below $68,800 support. BTC is now consolidating and facing hurdles near the $70,000 resistance zone. Bitcoin extended its decline below the $68,800 support zone. The price is trading below $69,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $69,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move done unless the bulls push it back above $70,000. Bitcoin Price Breaks Support Bitcoin price started a downside correction below the $70,000 support zon ..read more
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Analyst Predicts An “Ultra Bull” Scenario For Bitcoin That Could Send Price To $80,000
NEWSBTC
by Scott Matherson
9h ago
A crypto analyst has forecasted an “ultra bull scenario” for Bitcoin, highlighting key support levels and technical patterns that suggest a price rally above $80,000 in this market cycle.  Bitcoin Could See Upside Above $80,000 In a recent X (formerly Twitter) post, a crypto analyst identified as ‘CrediBullCrypto’ has doubled down on his previous prediction of an ultra-bull scenario for Bitcoin in the future. The analyst’s insights on Bitcoin’s recent activities suggest that the downside risk may be less significant than previously anticipated, paving a bullish path for a massive upside f ..read more
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Bitcoin Will Hit $80,000 In May Despite Outflows To Ethereum: Analyst
NEWSBTC
by Dalmas Ngetich
10h ago
Bitcoin is fast-dropping, looking at price action in the daily chart. Even after the impressive spike above $71,500 early this week, there needs to be a conclusive follow-through for optimistic bulls. Despite this correction, one analyst strongly believes Bitcoin will rally sharply, reaching $80,000 by the end of the month.   Will Bitcoin Hit $80,000 By End Of May? Taking to X, the analyst thinks HODLers, not speculators, will reap the maximum benefits from Bitcoin. Based on the trader’s assessment, not only will BTC fly above $80,000 by the end of May, but the coin will al ..read more
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