Bitcoin traded above $82,000 during the previous business week, but it was violently rejected and dropped by over seven grand in the following days to a monthly low of $75,000 marked during the night. Here are some of the possible reasons behind this correction. Trump Media, Cuban Sell Off CryptoPotato reported yesterday that one of […]
The overall bearish trend that began following the rejection at $82,000 on Thursday evening worsened in the past 12 hours when another leg down drove BTC to a fresh multi-week low of $76,650 (on Bitstamp). The most evident reason for this was the new set of threats from US President Donald Trump toward Iran. Even […]
A few days ago, the Digital Asset Market Clarity Act (CLARITY Act) made some progress in the Senate. The bill has advanced out of the Senate Banking Committee despite strong opposition from some lawmakers and bankers. Following Senate Banking Committee approval, multiple executives are discussing what the move means for the crypto industry. They have […]
Crypto markets are tanking and have wiped out almost three weeks of gains, with losses accelerating over the weekend. The week ahead has some key consumer sentiment reports amid rising US inflation and a number of Federal Reserve speeches under new leadership. Meanwhile, the war in Iran will mark its 80th day on Tuesday, and signs […]
Although there’s still a lot of work to be done to become law, the highly anticipated CLARITY Act finally passed the Senate Banking Committee a few days ago, which was a significant step in the right direction. The effects in the crypto market were immediate but didn’t last long, and analysts at Santiment warned that […]
The Senate Banking Committee’s CLARITY Act is heading into Thursday’s markup, buried under opposition. According to reports, Senator Elizabeth Warren alone filed more than 40 amendments before Tuesday’s 5 p.m. ET deadline, and American Bankers Association members sent over 8,000 letters to Senate offices in less than a week demanding changes to the bill’s stablecoin […]
US Treasury Secretary Scott Bessent posted on X on April 29 that Washington’s sanctions campaign is now going after Iran’s “access to crypto,” alongside oil exports, shipping networks, and shadow banking channels. It is the first time the Treasury has named digital assets so explicitly in the context of the Iran pressure campaign, and it […]
Bitcoin’s price sluggishness that began on Friday was interrupted by a quick but unsustainable surge to just over $79,000 on Sunday morning after the latest developments on the Iran-US front. This time, reports claimed that Iran had sent its latest peace proposal to the US, which was the reason behind the quick uptick. However, US […]
Widely followed analyst Benjamin Cowen said in an X post Thursday that crypto’s slide since early 2025 tracks a deeper loss of trust that began after Gary Gensler left the SEC, with Bitcoin falling from $109,000 then to about $75,000 now. His warning goes beyond crypto: he says cheering Jerome Powell’s exit from the Federal […]
Bitcoin broke out of the weekend slumber, surging to a 12-week peak of just under $80,000 before it was brutally rejected and driven south by roughly two grand in an hour or so. The most obvious reason behind this rather unexpected Monday morning pump came after reports emerged that Iran and the US could be […]