Renowned digital asset analyst with X handle Crypto Patel has remarked that Bitcoin is presently retesting a vital price resistance at the $106,500 level. Based on the asset’s actions at this stage, BTC investors might anticipate a bullish price advancement or a notable price retracement. Following a brief surge above $105,000 on May 12, Bitcoin has remained within a trading range, displaying no substantial price fluctuations since then. Nevertheless, bullish sentiments persist as evidenced by US BTC spot ETFs accumulating nearly $2 billion in net weekly investments. Bitcoin At A Junction: Can Bulls Propel To $120k — Or Is A…
Autore: wsjcrypto
“`html By Revin Mikhael D. Ochave, Reporter THE Philippine Stock Exchange, Inc. (PSE) is elevating its capital-raising objective this year to P170 billion from P120 billion, up from the P82.4 billion actually gathered last year, amidst a reduction in tensions from the trade conflict between the world’s two largest economies that had sparked concerns of a global downturn. The revised aim is derived from capital-raising initiatives that have been submitted and does not yet account for GCash’s intended initial public offering (IPO), as stated by PSE President and Chief Executive Officer Ramon S. Monzon during a virtual press conference last…
“`html Main highlights:Bitcoin is persuading traders that a bullish breakout is imminent, with all-time peaks within reach.One objective signals $116,000 next week, propelling BTC/USD decisively out of its tight range.A brief drop before resuming upward movement is among the scenarios for BTC price dynamics as the new week approaches.Bitcoin (BTC) minimized volatility leading up to the May 18 weekly close as traders wagered on a new breakout.BTC/USD 4-hour chart. Source: Cointelegraph/TradingViewBTC price signals classic breakout formationInformation from Cointelegraph Markets Pro and TradingView indicated that the vicinity of $103,000 served as a price attractor for BTC over the weekend.With minimal fluctuations,…
Former artist Ed Suman lost over $2 million in cryptocurrency earlier this year after becoming a target of a scam involving an individual impersonating a Coinbase support agent.Suman, 67, dedicated nearly twenty years as a fabricator in the art industry, contributing to renowned projects like Jeff Koons’ Balloon Dog sculptures, as reported by Bloomberg on May 17 here.After his retirement, he ventured into cryptocurrency investments, ultimately amassing 17.5 Bitcoin (BTC) and 225 Ether (ETH) — a collection that constituted the majority of his retirement funds.He secured his assets in a Trezor Model One, a hardware wallet typically utilized by cryptocurrency…
“`html Steak ‘n Shake has officially commenced Bitcoin transactions through the Lightning Network, in light of the declaration made on May 9. At that moment, the fast-food chain hinted at its intentions to incorporate BTC, stirring anticipation within the Bitcoin community. Now, it is an alternative at the cash register, or more aptly, the Bitcoin Register. As of today, patrons can settle their bills with Bitcoin at Steak ‘n Shake outlets throughout the United States. This signifies a significant advancement in mainstream Bitcoin acceptance, given that the chain serves over 100 million visitors per year and now provides them the…
The blazing heat has returned to the nation — and for numerous Filipinos, that signifies yet another uneasy night of restless tossing and turning, waking up soaked in perspiration. Even with the air conditioning running at maximum power, genuine restorative sleep feels like an indulgence these days. For couples, it’s even more challenging — one partner’s discomfort can spoil the entire sleeping space. But what if the key to cooler, improved slumber didn’t lie in your AC…but in your mattress? Unlock Your Best with Emma Emma is not your typical mattress brand. Established in Frankfurt, Germany in 2015, Emma has…
“`html Reliable Editorial material, assessed by prominent industry authorities and experienced editors. Advertisement Disclosure The value of Ethereum (ETH) has continued to impress over the previous week, momentarily reaching the $2,700 mark (for the first occasion in nearly three months) on Tuesday, May 13. While the altcoin has somewhat decelerated at the onset of this weekend, the market optimism remains inclined towards the ongoing recovery of the ETH value. Specifically, Ethereum’s price is anticipated to advance further in its recovery by surpassing Bitcoin (the largest cryptocurrency by market value) in the coming months. This overwhelming potential of the “king of…
Moody’s credit rating firm downgraded the credit rating of the United States government from Aaa to Aa1, attributing the increase in national debt as the main factor behind the decline in credit quality.In a May 16 declaration from the agency, US lawmakers have not managed to curb annual deficits or diminish expenditures over the years, resulting in a rising national debt. The agency noted:”We do not anticipate substantial multi-year cuts in mandatory spending and deficits from the current fiscal proposals being evaluated. Over the next decade, we foresee larger deficits as entitlement spending grows while government income remains largely stagnant.”The…
“`html Reasons to have confidence Rigorous editorial guidelines emphasizing precision, relevance, and neutrality Developed by professionals in the field and thoroughly evaluated The utmost standards in journalism and publication Rigorous editorial guidelines emphasizing precision, relevance, and neutrality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Cardano (ADA) is showing diverse signals as its market framework suggests an impending short-term price drop. Despite bearish signals indicating a potential downturn, a crypto analyst indicates that the overall trend remains steady, with technical formations backing the possibility…
Wholesale price escalation of construction materials in the National Capital Region (NCR) increased in April, the Philippine Statistics Authority (PSA) disclosed on Friday. The construction materials wholesale price index (CMWPI) in Metro Manila grew by 0.3% year on year in April, up from the 0.2% increase in March. Nonetheless, this was below the 0.7% rise noted in April 2024. Over the four months leading to April, Metro Manila’s CMWPI averaged 0.2%, slower than the 1% growth observed during the same timeframe. The rate recorded in April represented the quickest in nine months, marking an increase since the 0.5% rise in…