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Major cryptocurrencies continued to surge on Thursday evening, propelled mainly by the strong demand from U.S. investors for the largest cryptocurrency BTC.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD +0.15%$52,073Ethereum ETH/USD +1.62%$2,842Dogecoin DOGE/USD +0.78%$0.086

What Happened: BTC has been trading at its highest premium in 9 months on the U.S.-based crypto exchange Coinbase.

The Coinbase Premium Index, which gauges the price variance for Bitcoin on Coinbase versus Binance surged to 0.12 on Thursday. This marks its peak reading since May 2023, as revealed by data from analytics firm CryptoQuant.

High premium values could indicate US investors strong buying pressure in Coinbase, CryptoQuant said.

Top Gainer (24 Hour)CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Arweave AR/USD +21.76%$12.01VeChain VET/USD +19.98%$0.044Bitget BGB/USD +18.90%$0.86

The global cryptocurrency market cap now stands at $1.94 trillion, showing a 3.61% increase in the past 24 hours.

In Wednesdays trading session, stocks made a recovery as Wall Street regained some of the significant losses from the previous day. The S&P 500 showed an advancement of 0.96% to reach a closing figure of 5,000.62, while the Nasdaq Composite exhibited a strong climb of 1.3% to settle at 15,859.15. Additionally, the Dow Jones Industrial Average added 151.52 points, representing a 0.4% increase, and closed at 38,424.27.

See More: Best Cryptocurrency Scanners

Analyst Notes: Cryptocurrency analyst Michael Van de Poppe offered a tip for people feeling the rush to enter Bitcoin or the markets,

"Don't. Just don't listen to the emotions. It's a recipe for disaster. How should you enter? There will be 20-30% corrections. Always. No matter the narrative. Use those as an opportunity."

Pseudonymous crypto trader Rekt Capital said, "With BTC rallying this much to the upside, many will doubt whether BTC will ever perform a pullback. But when a pullback occurs, many will doubt whether BTC will ever perform another rally"Loading… Loading…

According to Gart van Lagen, historical patterns indicate that all previous blow-off waves of $BTC have sharply reached the blue trendline in a parabolic manner.

"Currently, the price is in blow-off wave 4-5. It bounced strongly off the 210,000 blocks SMA (blue dashed) and targets $200k at the blue trendline before the halving."

On-chain analyst Ali Martinez issued a warning for BTC.

"The TD Sequential presents a sell signal on Bitcoin daily chart, anticipating a one to four daily candlesticks correction. Note that the buy and sell signals this indicator has shows since December 2023 have all been validated."

The TD Sequential is a technical analysis indicator used to identify potential price exhaustion and reversal points.

Photo by CMP_NZ on Shutterstock

Read Next: Jim Cramer Advises Against Using Binance, Provokes Strong Reactions From Twitter UsersLoading… Loading…

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Polls to open for voters in England and Wales

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Polls to open for voters in England and Wales

Polls are to open for the local elections across the country, with the added extra of a by-election on the same day.

Over 2,600 council seats are up for grabs across 107 councils in England, along with 10 mayoralties in major cities and combined authorities, and 25 London Assembly seats.

A total of 37 police and crime commissioners will also be decided at ballot boxes in England and Wales.

And a new MP will be chosen for the seat of Blackpool South in a by-election.

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Polling stations will be open from 7am until 10pm tonight, and as long as you are in the queue before closing time, you can have your say.

Voters need to bring along a form of photo ID after a change in the law last year – there are 22 types that fit the bill.

And to vote you must be 18 or over, be either a British, Irish or EU citizen, or from an eligible Commonwealth nation, and be registered.

The first of the counts will begin after voting closes tonight and Sky News will bring you all the updates as they happen from across the country.

Further counts will take place over the weekend, with the last results expected on Saturday night.

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US probes Jack Dorsey’s Block, Inc. over financial transactions: Report

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US probes Jack Dorsey’s Block, Inc. over financial transactions: Report

U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups.

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John Swinney expected to declare bid to become new SNP leader

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John Swinney expected to declare bid to become new SNP leader

John Swinney is expected to declare his bid to become the new leader of the SNP later today, Sky News understands.

It comes after Humza Yousaf announced he was standing down as SNP leader and Scotland’s first minister following his decision last week to cut power-sharing ties with the Scottish Greens – a move which saw his leadership collapse.

Mr Swinney previously served as SNP leader between 2000 and 2004; later becoming Nicola Sturgeon’s number two from 2014 to 2023.

He is considered a front-runner for the top job once again, having garnered support from senior figures within his party, including from the SNP’s Westminster leader, Stephen Flynn.

The Perthshire North MSP is expected to make a statement in Edinburgh on Thursday morning.

However, he could face competition from the party’s former finance minister Kate Forbes, who narrowly lost out to Mr Yousaf in last year’s leadership election.

Kate Forbes speaks to the media at the Scottish Parliament in Edinburgh. The SNP is beginning the search for a new leader after a day of drama in Scottish politics saw Humza Yousaf announce his resignation as the country's First Minister. Picture date: Tuesday April 30, 2024.
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Kate Forbes. Pic: PA

Though the Skye, Lochaber, and Badenoch MSP has not confirmed her intention to enter the leadership contest, she has so far refused to rule herself out of the race.

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“I am still considering all the options, but I also know that there is a lot of support for me across the country and across the party, and last year proved that,” she told Sky News on Tuesday.

Read more from Sky News:
Scottish government survives vote of no confidence

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It comes after the outgoing first minister, Mr Yousaf, was forced to resign following the breakdown of the Bute House Agreement.

Within hours of the power-sharing deal coming to an end, Mr Yousaf faced the threat of a no confidence vote in himself, and later from one in the Scottish government.

Humza Yousaf speaks to Sky News
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Humza Yousaf speaking to Sky News

Mr Yousaf stepped down as Scotland’s first minister just after midday on Monday, saying he was “not willing to treat my values and principles or do deals with whomever simply for retaining power”.

He said he would remain in post until a replacement first minister was chosen.

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