Day: May 8, 2025

Bitcoin nears $100K as Trump set to reveal trade deal with UK

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Bitcoiners expect Bitcoin to soon break past $100,000 and potentially hit a new all-time high as US President Donald Trump is set to announce a trade deal with the UK. Trump said in a May 7 Truth Social post that a “major trade deal” with a “big, and highly respected, country” would be announced on May 8, which The New York Times reported would be the UK, citing three people familiar with the plans. Bitcoin inches toward $100,000 When Trump published his post, Bitcoin (BTC) was trading at around $97,759…

Texas House committee passes Bitcoin reserve bill for full floor vote

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A Texas House Committee has passed a Republican-backed bill to create a Bitcoin reserve, which now only needs a successful full floor vote before heading to the governor’s desk. The Texas House Committee on Delivery of Government Efficiency passed Senate Bill 21 with no amendments on May 7 in a 9-4 vote along party lines. The bill has already passed the Texas Senate, in a 25-5 vote on March 6. SB 21 would establish the “Texas Strategic Bitcoin Reserve,” controlled by the state’s comptroller — currently Glenn Hegar — who…

Dogecoin (DOGE) Flashes Bullish Signals—Is a Major Rally on the Horizon?

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Dogecoin started a fresh increase from the $0.1650 zone against the US Dollar. DOGE is now gaining pace and might rise toward the $0.185 zone. DOGE price started a fresh increase above the $0.170 and $0.172 levels. The price is trading above the $0.1750 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.1740 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.180 resistance zone. Dogecoin…

XRP Price Breaks Key Resistance Level, Eyes Fresh Upside Momentum

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price Ready to Surge—$2,000 Level Could Be Within Reach

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above…

Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand

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Bitcoin has reclaimed $98,000 for the first time in almost three months after the US Federal Reserve said it would keep interest rates the same for another month. The Fed’s decision to keep interest rates unchanged comes despite mounting pressure from US President Donald Trump, who just weeks ago threatened to fire Fed chair Jerome Powell for being “too late” in cutting rates. Fed cites higher unemployment, inflation risk Powell said on May 7 that the Federal Reserve rate-setting committee held rates in the 4.25% to 4.50% range due to…

Bitcoin miner Core Scientific posts $580M Q1 profit but misses revenue estimates

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Nasdaq-listed Bitcoin mining firm Core Scientific Inc. posted a net profit of $580 million with its first quarter results, but missed analyst revenue estimates after a drop in its mining profits. Core Scientific’s Q1 2025 results, shared on May 7, saw it more than double its $210 million net income from the year-ago quarter, while its total revenue reached $79.5 million, missing Zacks analysts’ estimates by 8.11%, and falling from its $179.3 million in revenues for Q1 2024.  The firm’s primary source of revenue came from $67.2 million in self-mining…

Bitcoin Price Eyes $100K as Bulls Regain Momentum, Buy Dips?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh increase above the $96,500 zone. BTC is rising and might aim for a move toward the $100,000 resistance. Bitcoin started a decent increase above…

Arizona governor signs law for state to keep unclaimed crypto

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Arizona Governor Katie Hobbs has signed a bill into law allowing the US state to keep unclaimed crypto and establish a “Bitcoin Reserve Fund” that won’t use any taxpayer money or state funds. Hobbs signed House Bill 2749 into law on May 7, which allows Arizona to claim ownership of abandoned digital assets if the owner fails to respond to communications within three years. The state’s custodians can stake the crypto to earn rewards or receive airdrops, which can then be deposited into what Arizona has called a Bitcoin and…

White House rejects parts of Trump advisers’ sovereign wealth fund proposal

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Key Takeaways The White House has rejected parts of a sovereign wealth fund proposal created by Trump’s advisers. The details of the sovereign wealth fund are still under debate with no final decisions announced yet. Share this article The White House has opposed certain elements of a sovereign wealth fund proposal developed by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick at President Trump’s request, according to a new report from CBS News. The plan, reportedly delivered by early May, follows Trump’s February executive order directing the Treasury and…