Florida has taken its first legislative step toward embracing Bitcoin as a state-held asset, joining the race led by Arizona and closely followed by New Hampshire. Florida is the latest U.S. state to make strides toward adopting Bitcoin (BTC) as a strategic reserve asset, as its House Bill 487 (HB 487) passed through the House…
President Donald Trump has officially signed into law a resolution repealing the IRS DeFi Broker Rule established by the Biden administration. According to an Apr. 10 press release statement from Rep. Mike Carey (R-Ohio), who introduced the bill alongside Sen. Ted Cruz (R-Texas), the president’s signing of the bill marks a major legislative win for…
Taking a closer look at Bitcoin’s current price action on the weekly timeframe and the critical importance of the $65,000 region in maintaining the bullish market structure. As Bitcoin (BTC) consolidates, it is essential to pay attention to key technical levels that will determine the direction of the market in the coming weeks. By understanding…
XRP is currently on the brink of a major technical shift, with a bearish head and shoulders pattern forming on the charts. If key support levels fail, this could trigger an impulsive move toward significantly lower prices, with $0.61 in sight. Ripple’s (XRP) price action is currently confirming a bearish head and shoulders pattern, a…
Bitcoin posted one of its worst Q1 returns in 2025, Ethereum performed even worse, with over 45% drawdown in its price. Ethereum’s price has been in a decline since the Dencun upgrade in March 2024. Ethereum’s downfall seems driven by the Layer 2 protocols amassing large transaction volume and passing on the fraction of the…
Bitcoin and stocks fell after reality set in on Wall Street, with recession fears starting to drive the market narrative. Both stocks and crypto markets declined during the trading day, giving back much of the previous day’s rally. On Thursday, April 10, the S&P 500 traded at 5,233.61, losing 223.36 points, or 4.31%. At the…
Amazon CEO Andy Jassy said artificial intelligence infrastructure remains too expensive for widespread enterprise use, but that’s exactly what Amazon Web Services aims to change by developing its own chips and slashing inference costs. Speaking on CNBC’s Squawk Box, Jassy pushed back against speculation that recent advances in artificial intelligence model efficiency, such as those…
Ethereum has slipped back into a familiar range that previously capped price action for nearly two years. With key support levels now under pressure, the market faces a critical moment that could define Ethereum’s (ETH) direction for the months—or even years—ahead. The second largest crypto by market cap has fallen back into its previous 2022…
U.S. stocks opened sharply lower after a dramatic surge that had seen the Dow Jones Industrial Average jump 3,000 points and the S&P 500 soar 12% on news of a 90-day tariffs pause. The S&P 500 opened 2% lower on Thursday, and the Dow Jones Industrial Average shed 715 points, or -1.76%, following futures that…
Ethereum price pulled back and erased some of the gains made earlier on Thursday as concerns about trade remained. Ethereum (ETH), the second top cryptocurrency, dropped to $1,560, down from the intraday high of $1,700. Other top altcoins like Zcash (ZEC), Tezos (XTZ), and EOS (EOS) also pulled back from their highest levels during the…
