Page 10 - Latest Updates on Bitcoin
Bitcoin based-memecoin 'PePe' surge seen driving Binance anxiety
Cold wallets aren't connected to the internet, unlike hot ones, and are often viewed as a more secure way of storing digital currency
 "Bitcoin based-memecoin 'PePe' surge seen driving Binance anxiety")
Bitcoin perpetuals becoming an even bigger driver of digital token's price
The perpetual contract was first introduced by crypto exchange BitMEX in 2016. Exchanges use the so-called funding rate - or the cost to trade
 "Bitcoin perpetuals becoming an even bigger driver of digital token's price")
Bitcoin trading volume tanks massively by 58% to $492.9 billion in April
Bitcoin trading volume sank by almost $700 billion in April, historically seen as one of the strongest months for Bitcoin and other cryptocurrencies, bringing the biggest average monthly returns
 "Bitcoin trading volume tanks massively by 58% to $492.9 billion in April")
Bitcoin sags after its longest streak of monthly gains since 2021
The token slid as much as 3.6% and was trading at $28,504 as of 6:40 a.m. in New York. Smaller coins such as Ether and Solana also retreated, as did an index of the top 100 digital assets
Bitcoin's monthly streak brings $100,000 into view if history is right
Bitcoin is set to climb for the fourth month in a row after eking out an April gain, the best such stretch since a six-month advance through March 2021
 "Bitcoin's monthly streak brings $100,000 into view if history is right")
Crypto wrap: Market in the green ahead of US Fed announcement next month
The US Federal Reserve is expected to meet on May 2 and 3 to decide on further rate hikes
 "Crypto wrap: Market in the green ahead of US Fed announcement next month")
Bitcoin extends recent bout of volatility in climb back toward $30,000
The largest token rose as much as 3.7% on Thursday to trade at $29,469.45, before paring the advance to around $28,930 as of 9:30 a.m. in New York
 "Bitcoin extends recent bout of volatility in climb back toward $30,000")
Bitcoin begins to test inflection point while momentum slows: Report
The largest digital currency is trading around its 50-day moving average, with Paul Hickey of Bespoke Investment Group noting that the level to watch is $27,500
 "Bitcoin begins to test inflection point while momentum slows: Report")
Bitcoin could hit $100,000 by end-2024, says Standard Chartered
Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its rate-hiking cycle
 "Bitcoin could hit $100,000 by end-2024, says Standard Chartered")
Closer look at Bitcoin's rally suggests the depth of demand is deceptive
Since Binance stopped its zero-fee trading program, there's been a sharp drop-off in daily Bitcoin volume, Medalie said. Current trends are about half what they were prior to the halt
 "Closer look at Bitcoin's rally suggests the depth of demand is deceptive")
Crypto wrap: Profit booking, UK inflation data pull major tokens down
After a good show in the first half of the week, major crypto tokens saw major sell-off
 "Crypto wrap: Profit booking, UK inflation data pull major tokens down")
Bitcoin drops again below $30,000 on account of interest rate fears
The largest token fell as much as 4.5% before paring some of the slide to trade at about $29,175 as of 11:50 a.m. in London on Wednesday
 "Bitcoin drops again below $30,000 on account of interest rate fears")
Bitcoin stalls near $30,000 after the token's biggest drop in over a month
Recent economic data have helped to firm bets on a quarter-point Fed rate hike in May while tempering projections for subsequent policy easing
 "Bitcoin stalls near $30,000 after the token's biggest drop in over a month")
Top headlines: HDFC Bank recommends 1900% dividend, Sec 144 imposed in UP
Business Standard brings you top headlines at this hour
 "Top headlines: HDFC Bank recommends 1900% dividend, Sec 144 imposed in UP")
Bitcoin surged past $30,000. Is another crypto boom on the way?
It's clear that while the mood has improved compared with last year's apocalyptic vibe, the promising Bitcoin rebound alone won't be enough to fix the damage from last year's scandal-filled downturn
 "Bitcoin surged past $30,000. Is another crypto boom on the way?")
Bitcoin climbs to 10-month high of $30,000 as rate hike worries ease
For the past three weeks, Bitcoin was stuck in the range of $26,500 and $29,400
 "Bitcoin climbs to 10-month high of $30,000 as rate hike worries ease")
Bitcoin touches high end of recent range; Dogecoin extends gain
The largest cryptocurrency by market value rose as much as 3.1% to $28,442 on Tuesday, its first session higher in three
 "Bitcoin touches high end of recent range; Dogecoin extends gain")
Crypto wrap: Market trading flat amid regulatory crackdown on Binance
Earlier this week, the US Commodity Futures Trading Commission filed a lawsuit against Binance for trading against customers and misusing internal trading channels
Crypto wrap: Market remained in green despite rate hikes by Fed, BoE
Another major development in the crypto world during the week was the US Securities and Exchange Commission's 'Wells notice' to crypto exchange Coinbase
 "Crypto wrap: Market remained in green despite rate hikes by Fed, BoE")
Bitcoin set to extend its 70% surge this year if key charts are right
Some analysts argue the token is being viewed as a hedge against the woes in the US and European banking sectors and benefiting from expectations of looser monetary policy
 "Bitcoin set to extend its 70% surge this year if key charts are right")
