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Share link:In this post: Bitcoin’s stuck trying to stay above $65,000, bouncing between resistance and support levels, with no strong buying pressure to break through. Market indicators are giving mixed signals, with some hints at a potential reversal, but overall momentum remains bearish. External factors like the stock market crash, Mt. Gox repayments, and macroeconomics are adding to Bitcoin’s struggle.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for a
Share link:In this post: Ethereum and Layer 2 blockchains have seen a massive 127% increase in daily active addresses, showing a big jump in user engagement. Despite more transactions and lower fees, Ether’s price dropped by 6% in Q2, but it still did better than Bitcoin. Layer 2 solutions are popular for their speed and lower costs.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We str
Share link:In this post: Jersey City plans to invest part of its pension fund in Bitcoin ETFs, following a similar move by Wisconsin’s pension fund. Cities like Los Angeles, Houston, and Nashville are already deep into cryptocurrency, with LA having the most Bitcoin ATMs worldwide. States like Wyoming and Texas are creating friendly environments for crypto businesses, while Miami is embracing the trend with its MiamiCoin.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no
ETH is among the poorest performers on a daily scale amid massive ETF outflows.
- 20:57US Treasury Secretary Refuses to Disclose Which Countries the US Will Reach Trade Agreements With This WeekOn May 7th, U.S. Treasury Secretary Besent refused to disclose which countries the U.S. might reach trade agreements with this week, stating that it would harm U.S. interests.
- 20:56Powell: Never Requested to Meet with the President, Never WillFederal Reserve Chairman Powell: I have never requested to meet with the President, and I never will.
- 20:53Analyst: Tight Monetary Policy Will Weigh on U.S. Economic OutlookAccording to Jin10, SignatureFD analyst Tony Welch stated that the decline in U.S. Treasury yields after the Federal Reserve meeting may indicate that investors are concerned about the impact of tight monetary policy on the economy. The economy is currently slowing down, and implementing a tighter monetary policy for a longer period will certainly be a disadvantage. Trump's tariffs are influencing the Federal Reserve's thinking, as the FOMC statement mentioned trade "right from the start." Powell will use the word "uncertainty" multiple times during the press conference.