Bitcoin was trading around $37,000 Thursday. Rutmer Visser/Dreamstime … Source link

Bitcoin moved closer to $40,000 during Thursday’s session, as traders continued to react to yesterday’s Fed rate hike. The FOMC opted to increase interest rates by 0.5% during May’s meeting, which is the largest hike in over twenty years. Bitcoin Bitcoin rose for a second consecutive session on Thursday, as bulls were buoyed by the Fed’s decision to increase interest rates. Following yesterday’s surge, BTC/USD climbed even higher during today’s session, as it moved closer… Source link

Text size Bitcoin prices were heading lower before rallying on Wednesday. Rutmer Visser/Dreamstime The price… Source link

Monero has revealed plans for an important tail emission upgrade aimed at network improvement. The upgrade highlights some key considerations including measures that will prevent inflated fees while also boosting security. The announcement which was made through Twitter revealed that the upgrade will be rolled out in block 2,641623. The tail emission will introduce a 0.6 XMR reward that will be distributed to miners for every minted block. This is contrary to the Bitcoin approach which will… Source link

Privacy coins such as Monero (XMR) are growing more in popularity in the cryptocurrencies by market cap as investors seek privacy with their decentralized assets. Indeed, in the last three months, XMR is up, 44.87% climbing from $156 on February 4 to $226 on May 5. As a result, crypto traders are keen to know where the DeFi asset will move next especially given the recent attention given to privacy tokens. Interestingly, the cryptocurrency community at CoinMarketCap is bullish on the… Source link

Gucci, a luxury fashion giant, announced plans to extend a crypto payment pilot to all its directly-operated North America stores.  Major validation by a luxury fashion brand is considered a bullish event for the cryptocurrency market.  Bitcoin, Ethereum, Litecoin and Shiba Inu prices have recovered from the recent pullback as investor sentiment improves.  In a pro-crypto move, high-end Italian fashion brand Gucci has revealed plans to accept payment in ten… Source link

Bitcoin (BTC/USD) Analysis Bitcoin rises sharply on ease of aggression after Fed rate hike Key Highlights Bitcoin regained above $40,000 after Fed monetary policy. The central bank hiked rates by 50 basis points and decreased its asset buying program. The demand for riskier assets gained as Fed was less aggressive than expected. Technical Analysis Intraday Trend – Neutral On the daily chart, the pair is trading above Tenken-Sen ($39,100), below Kijun-sen ($40,425), and Ichimoku Kumo cloud… Source link

Bitcoin (BTC) marks a milestone mining journey on Thursday, crossing the halfway point on the way to its next halving.  In Block number 735,000, mined at approximately 10:29 am UTC, Bitcoin crossed the halfway point to the next halving. The block was mined by Poolin, earning 0.16215354 BTC ($6,402.45) in fees.  Halvings occur every 210,00 blocks, and May 5 marks the cross-over point into the second leg of 105,000 blocks. For some Bitcoiners, such as Samson Mow, the Bitcoiner pioneering… Source link

Joe Rogan, the host of The Joe Rogan Experience, likens bitcoin to the early internet. Noting that now the cryptocurrency is “a viable form of currency” that “You can actually buy things with,” he said, “the government is freaking out.” Joe Rogan, Bitcoin, and the Government Famous podcaster Joe Rogan, the host of The Joe Rogan Experience, talked about bitcoin on his show, posted Tuesday. The show features an interview with UFC light heavyweight fighter Khalil Rountree… Source link

The Federal Open Market Committee, which sets interest rates, stated that ongoing rate increases within the target range will be appropriate, which suggests another hike could occur at the Fed’s meeting next month, albeit likely below 0.75 percentage points as some traders expected. Source link