News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Share link:In this post: Bitcoin is trading around $67,774 and needs to break through the $68,236 resistance level to make for $70,000. The trading of Ethereum ETFs could boost market sentiment and drive BTC’s price higher. Institutional interest and bullish market indicators show strong support, making $70,000 a plausible target.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strong
Share link:In this post: Eight major financial institutions are launching spot Ethereum ETFs tomorrow at the opening bell. The ETFs could drive up the price of Ethereum, but the market might see increased volatility and potential sell pressure from Grayscale’s trust.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qual
CoinShares highlighted the digital asset market’s positive trend, with signicant inflows and increased trading volumes for ETPs.
- 15:26Trump: The United States Will Raise $6 Billion in External Revenue by Imposing a 10% Tariff on the UKMay 8th news, according to Jinshi reports, U.S. President Trump stated that we have reached a major agreement with the UK. The trade agreement with the UK will reduce non-tariff barriers for American goods. The United States will raise $6 billion in external revenue by imposing a 10% tariff on the UK.
- 15:26Goldman Sachs Warns: US Inflation Rate May Reach Nearly 4% Before ChristmasMay 8th news, according to Jinshi citing CNN, Goldman Sachs has warned that Trump's global trade war could negate much of the progress made in the battle against inflation. The Wall Street bank told clients in a report on Wednesday that due to the harmful combination of high tariffs and a weakening dollar, key inflation indicators are expected to surge in the coming months. Goldman Sachs currently expects the core inflation rate (excluding food and energy) to accelerate from 2.6% in March to 3.8% in December. This is based on the PCE price index favored by the Federal Reserve. Goldman Sachs believes that the price increase will be much greater than the Federal Reserve's March forecast, at which time the U.S. had not yet announced the largest scale of tariffs. The Federal Reserve expects the core PCE inflation rate to be 2.8% in December. Worse still, Goldman Sachs expects the core goods inflation rate to soar from 0.4% in March to 6.3% in December. By December, the prices of used cars (+8.3%), home appliances (+7.8%), video/audio/computers (+7.7%), jewelry/watches (+5.9%), and pharmaceuticals/medical (+7.8%) will rise significantly.
- 15:25BTC Surpasses $100,000 with a Daily Increase of 3.17%May 8th news, the market shows that BTC has just surpassed $100,000, currently reported at $100,010.00 per coin, with a daily increase of 3.17%.