Bitcoin price slips from $58K as US PPI, jobless claims surprise

Bitcoin (BTC) hit its lowest level in over two months later on May 5 as Wall Street trading saw volatility return with a bang.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewDXY celebrates as stocks, crypto tumbleData from Cointelegraph Markets Pro and TradingView painted an unsettling picture for hodlers as BTC/USD fell to $36,520 on Bitstamp.Capping losses, which…

The digital assets division of the international bank wants to provide home loan-backed security tokens as collateral for the loan. 364 Total views 23 Total shares One of France’s leading banks has turned to decentralized finance pioneer MakerDAO to propose the submission of bond tokens as collateral for a loan of the DAI stablecoin.The historic…

JPMorgan Chase has introduced LLM Suite, an AI-driven tool similar to ChatGPT, to boost productivity in its asset and wealth management division.

Barstool Sports founder Dave Portnoy said he still sees Bitcoin the same as he did in 2017. 1012 Total views 42 Total shares Barstool Sports' millionaire founder, Dave Portnoy, recently re-tweeted his 2017 video on Bitcoin, saying his view on the asset has not changed. "For everybody trying to get me in the Bitcoin game, I…

Bitcoin (BTC) may be circling its highest levels in months, but few are convinced that the bull market is back.Ahead of a key weekly close, BTC/USD remains near $21,000, data from Cointelegraph Markets Pro and TradingView shows, with analysts nervous about the good times ending all too soon.Bitcoin to see new "depression" before bull run…

Gold has been an outperformer in 2022 compared to the United States equities markets and Bitcoin (BTC). The yellow metal is almost flat for the year while the S&P 500 is down more than 19% and Bitcoin has plunged roughly 64%. The sharp fall in Bitcoin’s price has hurt both short-term and long-term investors alike. According…

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A California resident is expected to plead guilty to charges of operating an unlicensed exchange and laundering more than $13 million. 1202 Total views 7 Total shares 49-year-old peer-to-peer crypto trader, Hugo Sergio Mejia, has agreed to plead guilty to charges of money laundering and operating an unlicensed money transmitting business.The U.S. Attorney’s Office accuses…

The state already has crypto miners, the bill to protect them still has to pass the house of representatives and be signed by the governor. 214 Total views 15 Total shares Own this piece of history Collect this article as an NFTThe American state of Mississippi is one step closer to protecting the rights of…