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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...