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BTC and the S&P 500 seem to be tracking rates volatility, which is rising. A key market dynamic is shifting, creating headwind for risk assets. (cocoparisienne/Pixabay) What to know: The MOVE index, representing the Treasury market volatility, is rising. It could lead to tighter financial conditions, leading to deeper losses in BTC and the S&P 500. The index...
The candlestick pattern shows sellers are looking to reassert themselves as hawkish Fed rate projections drive the DXY higher. Bitcoin's shooting star candle signals a need for caution among the bulls. (gustavito1917/Pixabay) What to know: BTC carved out a shooting star candle in December, hinting at renewed bearishness. December's low is the level to defend for the bulls. The...
KuCoin joins the ranks of providers offering crypto payments at point of sale.(Christiann Koepke/Unsplash) What to know: KuCoin has introduced a point-of-sale system that allows customers to pay merchants using crypto held in their accounts at the exchange. KuCoin Pay allows 54 cryptocurrencies, including bitcoin, ether, USDT and USDC. KuCoin has introduced a feature for merchants to allow customers...
With every calendar flip comes fresh opportunities. Here are six resolutions every crypto enthusiast should consider for the coming year. With every calendar flip comes fresh opportunities. Here are six resolutions every crypto enthusiast should consider for the coming year. From mainstream adoption to the election of a pro-crypto administration in the US, the past year has solidified crypto’s place...
According to data from MicroStrategy co-founder Michael Saylor, the company holds 444,262 Bitcoin, valued at roughly $41.4 billion. According to data from MicroStrategy co-founder Michael Saylor, the company holds 444,262 Bitcoin, valued at roughly $41.4 billion. MicroStrategy co-founder Michael Saylor posted the Bitcoin chart from the SaylorTracker website on Dec. 29. The tech entrepreneur and BTC advocate typically posts the...
Interest rates were a tailwind to prices for much of 2024, but now may have become a headwind. Bitcoin's Xmas rally sharply reversed on Thursday (Geoffrey Moffett/Unsplash) What to know: Bitcoin nearly retook the $100,000 level over the holiday, but declined swiftly in early action Thursday. The broader crypto market showed even deeper losses. Long-term interest rates continued to move...
Ether ETFs surpassed $2.5B in inflows, signaling optimism despite a 10% price drop and resistance at $3,500. Institutions like VanEck predict a $6,000 cycle top for Ether price during 2025. Ether ETFs surpassed $2.5B in inflows, signaling optimism despite a 10% price drop and resistance at $3,500. Institutions like VanEck predict a $6,000 cycle top for Ether price during 2025. ...
BTC may remain on the defensive for some time, presenting a "buy the dip" opportunity to investors, according to Bitwise's Andre Dragosch. What to know: We will likely see more pain in the coming weeks as the Fed is stuck between a rock and a hard place, Andre Dragosch, director and head of research Europe at Bitwise. Ongoing tailwinds from...
Fed Chair Jerome Powell's hawkish comments Wednesday on rate cuts have rattled investors across asset classes. CoinDesk Bitcoin Price Index on Dec. 19 (CoinDesk) What to know: Bitcoin dipped below $96,000, while the broad-market CoinDesk 20 Index tumbled 10% on Thursday. The Federal Reserve on Wednesday projected only two rate cuts for 2025, disappointing investors and rattling markets. Crypto prices...
Senator Tim Scott said the Senate will tackle crypto bills, and the incoming chair of the House Financial Services Committee said he hopes to pass them in 2025. Senator Tim Scott says he'll embrace crypto innovations as the next U.S. Senate Banking Committee chair. (Jesse Hamilton/CoinDesk) Read More What to know: Senator Tim Scott, who will take over the...