Crypto exchange Binance launches in Syria after Trump lifts sanctions
Crypto exchange Binance launches in Syria after Trump lifts sanctions
Binance’s rollout in Syria features a full access launch, allowing Syrians to trade at least 300 tokens, including Bitcoin, XRP, Toncoin and more.
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Brazilian Party Proposes Bill to Restrict Bitcoin Mining and Tax Trading Activities
A new bill introduced by a deputy from President Lula’s political party proposes to allow only licensed entities to mine bitcoin in Brazil. The draft restricts cryptocurrency trading to licensed traders and establishes a daily tax on these activities. Lula’s Party Bill to Establish Restrictions on Bitcoin Mining, Cryptocurrency Trading While Brazil already has a […]
Bitcoin’s High Euphoria Spurs UK Company’s $5 Million Buy
A handful of UK-listed companies have taken fresh steps to tie their balance sheets more closely to Bitcoin. Moves range from making new purchases to routing gold revenues and even opening retail crypto trading on the London Stock Exchange. The developments show growing corporate interest in holding and trading digital assets alongside more traditional operations. […]
Stablecoin $2T Projection and Future GENIUS Approval: $SNORT Gives You the Edge in the Market
The US Senate has taken a big step toward passing the GENIUS Act; its first major crypto law focused on regulating stablecoins. Yesterday, the bill cleared a key vote with a 68–30 majority, marking strong bipartisan support and signaling a substantial shift in US crypto policy. If lawmakers get their act together, US Treasury Secretary […]
Ethereum Breaks Above Month-Long Range – 1.3M ETH Held At $2.70K–$2.74K May Anchor Price
Ethereum is holding firm above the $2,750 level after retracing slightly from a local high of $2,830 set just a few hours ago. The move marks a strong show of resilience from bulls, as ETH continues to push higher despite broader market uncertainty. Momentum appears to be building, and many analysts are calling for the […]
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Bitcoin Risks Pullback To $105,000 After Facing Rejection Above $110,000
Bitcoin has faced a lot of resistance above $110,000, suggesting the bears are trying to keep the digital asset from reclaiming its all-time high levels. This has been obvious with multiple rejections above $110,000 over the last few days, while the bulls have held support above $108,000. This trend plays into an analysis published by crypto analyst TehThomas, who had forecasted the rejection from $110,000. But what’s more interesting is where Thomas sees the price going from here. Bitcoin Could Drop For Shallow Pullback In the analysis, Thomas explained what is happening with the Bitcoin price and why the pullback could happen. This begins with the breakout after falling toward $100,000 and then bouncing back again. The digital asset was able to quickly clear multiple fair value gaps on the 4-hour timeframes to claim its spot above $110,000. Related Reading: Positioning For Altcoin Season: Analyst Reveals When To Buy As Bitcoin Dominance Rises The crypto analyst explains that this move has triggered a shift in the sentiment toward the positive, and this has been followed by rising volumes, as well as impulsive candles. In all, this is quite bullish for the cryptocurrency. However, there is still a risk of a price decline from here. After filling multiple fair value gaps with strength, the crypto analyst believes this has set a precedent for the Bitcoin price. He expects the same pattern to play out for the cryptocurrency, which includes a rapid rise before a shallow pullback, and then a continuation from there. BTC Pullback Into $104,000 Territory The Bitcoin price recovery above $110,000 seems to have created a fair value gap below $107,000, which the crypto analyst believes will need to be filled. If this is the case, then it is possible that the price rally will not continue until this condition is fulfilled. Nevertheless, a pullback to the level would not be bearish, but rather provide a bounce-off point for the price recovery. Related Reading: XRP Price: Analyst Says Expect Biblical Move Before Historic Crash – Here Are The Targets Thomas referred to this trend as “a classic breakout-fill-continue sequence”, and the next thing in line is to fill the fair value gap. According to the shared chart, the crypto analyst sees the pullback taking the price back down below $105,000 and into the $104,000 territory before its next bounce. This would mean a 5% pullback, and going by the trends from this year so far, something that would be bad for altcoins. However, the conclusion remains that Bitcoin is still bullish from here. Once the fair value gap is filled, a strong push upward is expected, possibly toward new all-time highs. “I’m expecting a controlled retracement to fill the new 4H imbalance, after which price could continue pushing toward the major resistance area,” the analyst said. “The momentum is clean and structured—until that changes, continuation remains the more likely path.” Featured image from Dall.E, chart from TradingView.com
Central Bank of Brazil Hints at Credit-Focused CBDC Pilot Phase
The third phase of the CBDC pilot will involve implementing tokenization solutions that allow customers to provide banks with visibility into their collateral assets in Brazil. This, in turn, would simplify the process of assigning credit within an onchain, open, and shared finance ecosystem. Central Bank of Brazil Seeks to Solve Onchain Credit in Drex’s […]