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Bitcoin (BTC) continues with its sideways BTC price action under $27,000 on May 22 as the bulls and bears find it hard to break the stalemate. Which way Bitcoin?  Notably, BTC price has fluctuated inside a narrowing ascending triangle range since May 11, defined by a horizontal resistance around $27,500 and a rising trendline support
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Bitcoin (BTC) challenged three-month lows into June 10 as altcoins in particular felt the heat from United States regulatory pressure. Altcoin bloodbath as exchanges reshape landscape Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $25,483 on the day, down over $1,200 from the previous day’s high. While showing weakness, Bitcoin was spared the
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Deploying greater use of bond financing to cure the county’s affordable housing shortage is getting a fresh look in the Senate via the Affordable Housing Bond Enhancement Act. The bill, which was introduced Tuesday, is cosponsored by Sens. Catherine Cortez Masto, D-Nev. and Bill Cassidy, R-La. The legislation takes aim at expanding the use of mortgage
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The House Committee on Transportation and Infrastructure has introduced the Securing Growth and Robust Leadership in American Aviation Act, a bipartisan bill that would reauthorize the Federal Aviation Administration’s funding over the next five years, expanding the Airport Improvement Program and including a number of improvements aimed at improving workforce and services of the aviation
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The House Ways and Means Committee approved legislation Wednesday renewing aviation taxes for five years, a key piece of the Federal Aviation Administration reauthorization that’s a must-pass Congressional priority this summer. HR 3796 passed along party lines, with Democrats complaining the bill was rushed and contained a surprise border patrol earmark benefiting a top Republican
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Gov. Kay Ivey made Alabama the latest GOP-dominated state to enact a law designed to limit the application of environmental, social, or governance factors by private sector businesses. SB261, which took a little under a month to make it from committee proposal through the Republican-dominated state legislature to the governor’s desk, seeks to shield some
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European markets traded cautiously at the open on Thursday as Canada’s surprise interest rate rise stoked fears the world’s central banks will push global rates higher for longer than expected. Europe’s region-wide Stoxx 600 fell 0.1 per cent, following Wall Street lower overnight, as traders were unsettled by the Bank of Canada’s decision on Wednesday
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Bitcoin’s price lost steam after a failed retest of the $27,400 resistance on June 6, signaling that investors became less confident after the recent regulatory actions by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. Both exchanges are being sued on multiple counts, including failure to register as licensed brokers and offering unregistered
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NurPhoto | NurPhoto | Getty Images Check out the companies making headlines in midday trading. GameStop — The meme stock tumbled nearly 18% after the company fired CEO Matthew Furlong and appointed Ryan Cohen as executive chairman, effective immediately. The company didn’t provide a reason for the termination. related investing news Wells Fargo says improving
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Unfinished buildings, abandoned part way through construction, in Wuxi, China, on Tuesday, May 16, 2023. China’s economic recovery is losing momentum after an initial burst in consumer and business activity early in the year, prompting calls for more policy stimulus to bolster growth. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images
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The market capitalization of BNB (BNB) has dropped by more than $7 billion since June 5 when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance. BNB price eyes technical bounce The impact of the SEC lawsuit on Binance has been substantial so far with BNB down nearly 15% week-to-date. On June
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Connecticut lawmakers approved a $51.1 billion budget that cuts personal income-tax rates for the first time in almost 30 years, while increasing spending on education and housing. “We are delivering the largest cut to Connecticut’s income tax rates in state history,” Gov. Ned Lamont said in a press release Tuesday. The tax cut will benefit
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In meeting renewable energy goals, Virginia has found a new purpose for its old mine lands. State officials believe they can turn an epidemic of mine closures to their advantage by developing a growing number of abandoned properties into renewable energy hubs, leveraging millions of new funds to bring private developers to the table on
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European stocks fell on Wednesday as traders turned their attention to economic data that offered signals on the likely path for eurozone interest rates. Europe’s region-wide Stoxx 600 lost 0.2 per cent at the market open, reversing gains from the previous session, while France’s Cac 40 lost 0.3 per cent. Germany’s Dax was down 0.1
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