Leading online SME lender Capify has today secured a £100 million credit facility from Pollen Street Capital (“Pollen Street”), an alternative asset manager dedicated to investing within financial and business services.
Rewards Network’s Steve Fusco said the platform’s approach of boosting rewards opportunities can give rise to loyal customers.
The post Has Bitcoin Price Reached Cycle Top? Here’s What Crypto Expert Peter Brandt Has to Say appeared first on Coinpedia Fintech News Bitcoin’s (BTC) price closed on a bearish note last week, which could entail the first non-performing month since August 2023. The flagship coin slipped 3 percent in the past 24 hours to trade around $62,227 on Monday during the early London session. With less than 48 hours to the end of April, which included the fourth Bitcoin halving, all indicators point to choppy days ahead. Moreover, more crypto traders have opted to watch from the sidelines ahead of the May 1, 2024, FOMC statement and the release of the federal funds rate. Peter Brandt on Cycle Top for Bitcoin Legendary trader Peter Brandt has expressed that there is a 25 percent chance that the recent $74k Bitcoin price was its cycle top. Brandt argued that Bitcoin’s price has been maturing through an exponential decay, akin to diminishing returns. As a result, Brandt highlighted that Bitcoin price is en route to a fresh bear season that will see the instrument drop towards $30k. Contrary Opinions Brandt, however, indicated that he stands with his former prediction of Bitcoin price rallying above $100k in this bull cycle. Notably, a similar prediction was issued by Giovanni Santostasi, a veteran Bitcoin investor with a Ph.D in Astrophysics. According to Giovanni in a recent medium post, Bitcoin price will reach as high as $210,000 based on several scientific models. Additionally, the analyst added that if Bitcoin reaches $210k this cycle, the instrument will drop as low as $83,000 in the next major bear market.
Regulators from key crypto markets, including the United Kingdom and Spain, have also taken similar measures against misleading crypto advertisements to minimize losses from crypto investments.
The post FED’s Upcoming Interest Rate Decision: What’s In Store For Crypto Market on May 1st appeared first on Coinpedia Fintech News Today, the crypto market has experienced declines as Bitcoin dipped below $63,000, and Ethereum has struggled to maintain its position above $3,200. Other major altcoins like Solana, XRP, and Cardano also faced losses. This diversity in performance highlights the varied nature of the crypto market, where different digital assets react differently to market conditions. Altcoins in the Sell or Buy zone? The Federal Reserve’s impending interest rate decision scheduled for May 1 is a key factor influencing the market sentiment. Analysts widely anticipate that the Fed will maintain interest rates at their current levels, with a probability of 95.6%. Moreover, pressure comes with weaker-than-expected GDP data, indicating a potential economic slowdown. Persistent inflation continues, as signaled by higher Core PCE figures. This poses challenges for the Federal Reserve to manage higher inflation rates. This double whammy of sluggish growth and surging inflation paints a troubling picture—a classic sign of stagflation, where an economy faces stagnant growth alongside rising prices. Current Market Outlook Many experts claim that the US economy is at stagflation which presents a unique challenge for the Federal Reserve (FED). Traditionally, during economic slowdowns, the FED cuts rates to spur growth. On the flip side, when inflation rises, it raises rates to keep prices in check. However, policymakers find themselves in uncharted territory in the stormy waters of stagflation, where both conditions collide. Initial forecasts of multiple interest rate cuts have been revised, with expectations now leaning towards only one rate cut in 2024. Bitcoin’s fluctuations remain stagnant, suggesting a shift in market sentiment. Bitcoin’s prices is also stable, dropping from 70% to 50%. This reduction in volatility suggests a potential stabilization in prices or a period of consolidation following recent fluctuations. Meanwhile, Ethereum’s risk reversals indicate concerns about possible delays in the SEC’s approval of spot Ether ETFs, contributing to downward pressure on its price. Plus, Ethereum’s risk reversals indicate dark clouds looming over the SEC’s approval of the spot Ether ETF. These uncertainties raise doubts about the market’s trajectory, prompting investors to look for potential catalysts. One such catalyst could be the launch of Bitcoin and Ethereum spot ETFs in Hong Kong, which is anticipated to attract institutional capital from Asia into the crypto market. This event is eagerly awaited as a key driver for market growth and could bring new cash flow. However, EGRAG CRYPTO suggests reconsidering a bearish outlook on Altcoins, pointing out a historical pattern indicating sideways consolidation after a range retest breakout. They anticipate two significant upward movements ahead and advise holding tight while considering dollar-cost averaging sells.
Austrian data rights group Noyb filed a privacy complaint against OpenAI, accusing its ChatGPT of providing false information and potentially breaching EU privacy regulations.
The post BCH Price Projections: $600 Target Or Bearish Retreat To $400 In May? appeared first on Coinpedia Fintech News Bitcoin Cash continues to display a neutral price sentiment post-market correction, indicating weak buying and selling pressure for the altcoin in the cryptocurrency industry. Moreover, the BCH token shows a bearish trend despite the Bitcoin-Halving, highlighting a rising disinterest of investors in it. The BCH coin price has a YTD of approximately 76%, however, it has recorded a loss of 11.06% within the past seven days and 21.59% over the past 30 days, suggesting a negative outlook for the altcoin in the short-term perspective. BCH Price Hints At A Bearish Price Action: The Bitcoin Cash price displayed a neutral trend by trading in a closed range between $212.5 and $292 for the first two months. As the volatility grew, the BCH token jumped 177.26% within the next 30 days and successfully recorded a new yearly high of $719.5 on 06th April. TradingView: BCH/USDT However, the bulls failed to hold the value at that level, resulting in a price correction of 34.12%. Since then, the BCH token constantly traded between $447 and $529, indicating a weak price action for the altcoin in the crypto industry. Moreover, the EMA 50-day acts as a resistance to the price chart in the 1D time frame, highlighting a strong bearish influence. The Relative Strength Index (RSI) displays a constant decline in the chart, highlighting increased selling-over-buying pressure in the crypto market. Moreover, the averages show a negative price sentiment, suggesting the price may continue losing value this week. Will Bitcoin Cash Price Rise Again? If the market experiences a bullish reversal, the BCH price will regain momentum and test its resistance level of $529 this week. Furthermore, if the bulls hold the price at that level, it will set the stage for the Bitcoin Cash token to attempt to test its upper resistance level of $600 in the coming time. However, if the bears continue to dominate the market, the BCH token will plunge to test its crucial support level of $447. Moreover, if the market continues to trade under a bearish sentiment, the altcoin will drop to test its low of $357.5 this month.
Court documents allege that EISENBERG possessed sexually explicit images of minors on his electronic devices, including images of prepubescent minors and minors who had not attained 12 years of age.