The crypto rally took a long-overdue pause on Thursday as traders took some profits following weeks of relentless advance that lifted bitcoin BTC$104,208.70 close to record prices. The consolidation occurred amid a slew of U.S. economic data releases. April retail sales missed expectations, producer prices rose less than forecast, jobless claims stayed on track, while … Read more
Key points: Bitcoin refuses to budge from a narrow range as traders consider the likely breakout direction. Price discovery is keenly awaited, but downside predictions include levels further toward $90,000. BTC/USD has delivered highly patterned moves since its rebound began in April. Bitcoin (BTC) kept traders guessing at the May 16 Wall Street open as … Read more
The Onyxcoin price today is hovering around the $0.0191 mark, stabilizing after a steep surge to $0.0223 earlier this week. While momentum cooled following the sudden spike, the Onyxcoin price action has managed to hold above multiple support clusters between $0.018 and $0.0186. Onyxcoin (XCN) price dynamics (Source: TradingView) Zooming into the 30-minute chart, the … Read more
Opinion by: Megan Knab, CEO, Franklin Payroll There are few historical examples of such a massive about-face for an industry, from banks debanking crypto businesses to now embracing stablecoins. If you talk to most crypto startup founders or companies with crypto on the balance sheet, they will all have war stories about finding, applying for … Read more
According to a report from CoinDesk dated May 16th, Sui Chung, CEO of crypto index provider CF Benchmarks, shared insights on the recent fluctuations in Ethereum’s price. He emphasized that the surge is primarily attributed to short covering—a tactic where traders rectify their bearish positions—rather than overwhelming bullish sentiment in the crypto market. This process … Read more
The European Union’s Markets in Crypto-Assets regulation — better known as MiCA — is now in its critical implementation phase. Designed to unify crypto regulation across all 27 EU member states, MiCA promises clarity, consumer protection and long-term market stability. But as implementation begins, cracks are already showing. In this week’s episode of Byte-Sized Insight, … Read more
Global foreign exchange and payments platforms are lobbying hard against stablecoins, which stand to significantly disrupt their business models, investor Kevin O’Leary said during a keynote address at Consensus 2025. Legacy forex and payments platforms often extract large fees for servicing cross-border cash transfers and stand to lose out on revenue if regulated stablecoins become … Read more
As cryptocurrency gains in popularity and price, some criminals are taking to violent measures to steal funds from high-profile crypto holders. Jameson Lopp’s GitHub repository, which logs such incidents, has recorded 22 “$5 wrench” attacks on crypto holders in 2025 alone. The moniker comes from the crude and violent methods perpetrators use to compel crypto … Read more
Ripple’s legal chief said a US court’s rejection of a proposed XRP settlement with the Securities and Exchange Commission (SEC) does not pose a threat to Ripple’s win. Judge Analisa Torres of the US District Court for the Southern District of New York rejected a joint Ripple-SEC motion seeking an indicative ruling on their proposed … Read more
Bitcoin price stood at $103,641 to $104,091 over the last hour on May 16, 2025, with a market capitalization of $2.05 trillion. The 24-hour trading volume totaled $31.98 billion, and prices fluctuated within an intraday range of $101,820 to $104,457 on Bitstamp. Bitcoin has been above the $100K range for a total of nine consecutive … Read more