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April 29, 2025

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Bitcoin Cash Price Soars 21%: Will The Rally Sustain?

Crypto news 3 Mins Read

Bitcoin Cash price has spiked by 21% over the last day on the back of a raft of positives. While chatter over the sustainability of the rally has grown louder, Javon Marks is predicting an even bigger surge for Bitcoin Cash (BCH).

Bitcoin Cash Price Spikes By Over 21% Driven By Impressive Fundamentals

According to CoinMarketCap data, Bitcoin Cash price soared by over 21% in the last 24 hours to reach a high of $376.79. The sudden price surge saw BCH trading volumes climb to $373 million, a 50% increase over the last day.

A closer look at the charts and on-chain data reveals the triggers for the jolt in Bitcoin Cash price. Right out of the bat, the biggest needle-mover for BCH appears to be from its derivatives data, with rising Open Interest figures climbing by 8.76%.

Alongside the increase in the number of unsettled contracts is a surge in daily active addresses for Bitcoin Cash. The daily active addresses have risen by 5.7% over the last day, making Bitcoin Cash the highest gainer among the top 20 cryptocurrencies by market capitalization.

It appears that the exchange outflow for BCH is spiking, serving as an additional confirmation of the bullish sentiments. However, concerns over the long-term sustainability of the BCH price rally are weighing on the minds of investors.

Since racking up the 21% daily gains, the price of BCH has fallen to $372%, leaving investors scanning the horizon for the earliest signs of a correction.

Javon Marks Predicts A Longer Price Surge For BCH

Cryptocurrency analyst Javon Marks is projecting an even bigger and sustained rally for Bitcoin Cash price. In an X post, Marks theorizes that the recent gains notched by BCH are early “signs of recovery,” noting that a 300% rally is in the offing.

The crypto analyst is pegging his prediction on BCH’s soaring trading volumes and price performance to breach a falling trendline. According to Marks, on-chain data suggests that Bitcoin Cash price can reach $1,509 in this window, a 301% increase from its present levels. The analyst has previously tipped a 260% rally for Cardano price based on an ascending triangle pattern and rising long-term holding behaviour.

“With prices also still being broken out, this surge can be part of an over 300% uphill run to the $1,509.89 target,” said Marks.

While Bitcoin Cash price is tipped for a rally, Bitcoin is targeting $106K if prices break through the critical resistance of $94,200.

The broader cryptocurrency market did not match Bitcoin Cash’s recent gains, falling by 0.54% to settle at a market capitalization of just under $3 trillion.

The post Bitcoin Cash Price Soars 21%: Will The Rally Sustain? appeared first on CoinGape.

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Crypto news

Binance Reveals Major Update For SIGN Amid Major Listings

Crypto news 3 Mins Read

Cryptocurrency exchange titan Binance has once again captured substantial investor attention with its latest update on the SIGN token. On Tuesday, April 29, the CEX enhanced its offerings for the token’s futures listing in tandem with a 30% price rally. Now, traders and investors are left speculating if the token could sustain such a massive pump, as other renowned exchanges have also extended market support to the same.

Binance Issues Update On SIGN Token: Details

According to an official Binance release dated April 29, the CEX giant is increasing the funding rate settlement frequency of the USD-Margined SIGNUSDT Perpetual Contract from every four hours to one hour starting from April 29 at 10:00 UTC. Mentioned below are some of the other vital details that traders should know regarding this enhanced offering.

Source: Binance official site.

As per the announcement, this decision by the exchange comes primarily to protect users and prevent risks, given the highly unpredictable nature of digital assets. Further, the top crypto exchange also revealed that it may take additional protective measures in regard to the USD-Margined perpetual contract without further announcement, bringing changes to it.

The exchange added that it remains poised to make potential adjustments to the perp contract ahead, encompassing but not limited to changes in the maximum leverage value, position value, and other trade offerings. Users can move on to the official site for further details on the enhanced offerings.

SIGN Price Rallies Amid Support From Major CEXs

At the time of reporting, SIGN token price gained nearly 32% and was sitting at $0.1030. The crypto embarked upon a rally from a bottom of $0.06727 intraday. Notably, the bullish price trajectory comes riding the back of major exchange listings recently.

Not long ago, CoinGape Media reported that Binance revealed an airdrop event for SIGN and opened trading for the same. Moreover, the exchange also launched a SIGNUSDT futures listing recently.

On the other hand, even S. Korean exchange Upbit added the same token on its platform today, pegged to KRW, BTC, and USDT. Besides, even Asian crypto exchange OKX added the SIGNUSDT perpetual contract to its stockpile of offerings. Additionally, KuCoin revealed that the SIGN token went live for trading on the platform yesterday.

In response, broader market sentiments about the crypto’s future price action remain highly bullish in the wake of listings on top crypto exchanges. For context, listings on globally leading exchanges usually pave the way for increased investor interaction with assets, thereby bringing a surge of funds.

The post Binance Reveals Major Update For SIGN Amid Major Listings appeared first on CoinGape.

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Business

On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

Business 2 Mins Read

“60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show’s executive producer who resigned last week, saying on the air that “none of us is happy” about the extra supervision that corporate leaders are imposing.

Pelley made his comments at the end of the evening’s CBS News telecast, saying that in quitting, Owens proved he was the right person for the job.

“It was hard on him and it was hard on us,” Pelley said. “But he did it for us — and you.”

His on-air statement was an unusual peek behind the scenes at the sort of inner turmoil that viewers seldom get the opportunity to see.

Owens, only the third top executive in the 57-year history of television’s most influential newscast, resigned last week, saying he no longer felt he had the independence to run the program as he had in the past, and felt necessary.

CBS News’ parent company, Paramount Global, is in the midst of a merger with Skydance Media that needs the approval of the Trump administration. Trump has sued “60 Minutes” for $20 billion, saying it unfairly edited a Kamala Harris interview last fall to her advantage. Owens and others at “60 Minutes” believe they did nothing wrong and have opposed a settlement.

As a result, Pelley explained to viewers on Sunday, Paramount has begun to supervise “60 Minutes” stories in new ways. Former CBS News President Susan Zirinsky, a longtime news producer, has reportedly been asked to look at the show’s stories before they air.

“None of our stories has been blocked,” Pelley said. “But Bill felt he lost the independence that honest journalism requires. No one here is happy about it. But in resigning, Bill proved he was the right person to lead ‘60 Minutes’ all along.”

Despite this, “60 Minutes” has done tough stories about the Trump administration almost every week since the inauguration in January, many of them reported by Pelley. On Sunday, “60 Minutes” correspondent Sharyn Alfonsi had the latest, interviewing scientists about cutbacks at the National Institutes for Health.

Trump was particularly angered by the show’s telecast two weeks ago, saying on social media that CBS News should “pay a big price” for going after him.

This post appeared first on NBC NEWS

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IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

Business 2 Mins Read

International Business Machines Corporation on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers.

“We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are ensuring that IBM remains the epicenter of the world’s most advanced computing and AI capabilities,” IBM CEO Arvind Krishna said in a release.   

The company’s announcement comes weeks after President Donald Trump unveiled a far-reaching and aggressive “reciprocal” tariff policy to boost manufacturing in the U.S. As of late April, Trump has exempted chips, as well as smartphones, computers, and other tech devices and components, from the tariffs.

IBM said its investment will help accelerate America’s role as a global leader in computing and fuel the economy. The company said it operates the “world’s largest fleet of quantum computer systems,” and will continue to build and assemble them in the U.S., according to the release.

IBM competitor Nvidia, the chipmaker that has been the primary benefactor of the artificial intelligence boom, announced a similar push earlier this month to produce its NVIDIA AI supercomputers entirely in the U.S. 

Nvidia plans to produce up to $500 billion of AI infrastructure in the U.S. via its manufacturing partnerships over the next four years.

Last week, IBM reported better-than-expected first-quarter results. The company said it generated $14.54 billion in revenue for the period, above the $14.4 billion expected by analysts. IBM’s net income narrowed to $1.06 billion, or $1.12 per share, from $1.61 billion, or $1.72 per share, in the same quarter a year ago.

IBM’s infrastructure division, which includes mainframe computers, posted $2.89 billion in revenue for the quarter, beating expectations of $2.76 billion.

The company announced a new z17 AI mainframe earlier this month.

CNBC’s Jordan Novet contributed to this report.

This post appeared first on NBC NEWS

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