Today in CryptoNews: Bitcoin nears $30K, paypal stablecoin faces counterfeits, and optimism grows for a spot Bitcoin ETF.
In the ever-evolving world of cryptocurrencies, today brought a mix of intriguing developments that are sure to capture the attention of both crypto enthusiasts and traditional finance professionals. From Bitcoin's resurgence on the back of weak Chinese economic data to the buzz around PayPal's stablecoin, here's a comprehensive roundup of the day's most significant crypto news.
Prominent figures in the crypto space, Ark Invest CEO Cathie Wood and Galaxy Digital CEO Mike Novogratz, have
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First Mover Asia: What Will It Take to Get Bitcoin to $30K?The world’s largest digital asset isn’t budging and it'll take regulatory clarity to push past $30,000. Bullish traders are eyeing the upcoming U.S. July Consumer Price Index report for signs of continued inflation trends, with expectations set at a 0.2% monthly increase and a 3.3% year-over-year growth.
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Bitcoin Rises 3% to Challenge $30K After Weak China Data Sends Yields PlungingBitcoin sees a 3% increase as it approaches the $30K mark, following the release of weak China data that caused yields to plummet. China reports a significant decline in imports and exports, indicating the need for further economic stimulation measures by Beijing.
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Bitcoin Pushes Through $30K for First Time in Nearly One WeekYields fell across the globe on Tuesday after soft Chinese economic data overnight. China reported a significant decline in imports and exports, indicating the need for additional stimulus measures. In response, Bitcoin surpassed $30K, reaching its highest level in almost a week.
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First Mover Asia: First $30K, Then $40K, but Bitcoin Needs Volatility FirstBitcoin's volatility remains low, but it is outperforming most digital asset funds this year. Traders are looking for catalysts that could lead to a rebound, such as ETF narratives or industry-transforming events.
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Bitcoin Flirts With $30K as Traders Await CPIBitcoin rose 2.3% in the past 24 hours to close to $30,000 as investors wait for July's Consumer Price Index, a gauge of inflation in the U.S., which is scheduled to be released on Thursday. Core inflation, which excludes volatile food and energy prices, is expected to come in at 0.4%, far below the pace seen a year ago.
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Bitcoin, Ethereum Technical Analysis: BTC Nears 1-Week High, as Paypal Launches USD Stablecoin – Market Updates Bitcoin NewsBitcoin rebounds as Paypal announces the launch of a USD stablecoin on the ethereum blockchain.
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