The release of the December CPI report triggered notable reactions across financial markets, especially in the cryptocurrency sector. While headline inflation aligned with expectations, core inflation fell below forecasts on both monthly and annual bases, fueling optimism for risk-on assets like Bitcoin. Within two hours of the CPI release, Binance Open Interest (OI) sharply rose
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Outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has insisted that the regulatory body never classified Bitcoin and Ethereum as securities. Additionally, he separated the worlds largest cryptocurrency by market cap from other tokens, saying they still have to prove their actual value. Gensler made the statements in exit interviews with Yahoo Finance
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Congressman Tom Emmer, a well-known advocate for the cryptocurrency industry, has been named Vice Chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. Committee Chairman French Hill made the announcement on January 14 as part of the House Financial Services Committee’s subcommittee assignments for the 119th Congress. Emmer expressed his enthusiasm
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XRP price started a fresh increase above the $2.50 level. The price is gaining pace and could rally further above the $2.880 resistance. XRP price managed to start a fresh increase above the $2.42 and $2.45 resistance levels. The price gained over 5% and outperformed both Bitcoin and Ethereum. There was a move above the
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In a recent social media post, market expert VirtualBacon shared seven key predictions that could shape the cryptocurrency landscape in 2025. Central to these predictions is the assertion that Ethereum (ETH) may outshine Bitcoin (BTC) in terms of performance, even as Bitcoin continues to hold a dominant position in the market. With Bitcoin approaching the
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Dogecoin started a fresh increase above the $0.350 zone against the US Dollar. DOGE is now consolidating and might climb further if it clears the $0.3650 resistance. Dogecoin price started a fresh increase after it cleared the $0.320 resistance zone, like Bitcoin and Ethereum. DOGE was able to clear the $0.3420 and $0.350 resistance levels.
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After Mondays drop, Ethereum (ETH) fell below key support levels and hit its lowest price since November. Nonetheless, several market watchers remain bullish, predicting a massive rally for the cryptocurrency this quarter. Ethereum started the week with a significant correction, falling from the weekend range to its lowest price in two months. Over the weekend,
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Several account hijackings on X over the weekend have raised alarm in the crypto community. The incidents involved the official accounts of Litecoin, Foresight Ventures, and Holoworld AI being compromised to promote fraudulent cryptocurrencies and phishing links, exposing users to potential scams. On January 11, Litecoin confirmed that bad actors had accessed its official X
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That’s not necessarily an indication of anything going wrong with Dogecoin this week. Most major crypto tokens were trading down significantly Monday after an exuberant rally around the time of the new Congress convening in Washington. By Monday afternoon in Chicago, Bitcoin had fallen some 10% for the week’s trading. Meanwhile, Ethereum had fallen by
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