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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...
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...
The Fed is likely to deliver a “hawkish rate cut,” with hints of less easing next year. What to know: BTC pops and drops, making a quick retreat from $106.5K. The Fed is likely to deliver a “hawkish rate cut,” with hints of less easing next year. Bitcoin (BTC) surged to over $106,000 in early Asian hours, setting new...
Bitcoin whales are back in buy mode as BTC price strength continues despite a new stagflation jolt for the US Federal Reserve. Bitcoin whales are back in buy mode as BTC price strength continues despite a new stagflation jolt for the US Federal Reserve. Bitcoin BTC $100,450 came within 1% of new all-time highs on Dec. 12 as whales ate away at sell-side...
Regulators from both countries are looking to collaborate to foster crypto innovation. Juan Carlos Reyes and Roberto Silva. (Juan Carlos Reyes) What to know: Regulators from El Salvador and Argentina have signed an agreement to help develop the crypto industry in both countries. The agreement will help El Salvador, which famously embraced bitcoin as a currency, broaden its footprint...
The proposal submitted by the National Center for Public Policy Research calls for the company to add BTC to its treasury to beat inflation Amazon shareholders call for diversifying into BTC. (James Yarema/Unsplash) What to know: Amazon has a fiduciary responsibility to diversify into assets like BTC that outperform bonds, the shareholder proposal submitted by National Center for Public...
Donald Trump has appointed PayPal’s former chief operating officer, David Sacks, now known for co-hosting a podcast, as his top AI and crypto adviser. United States President-elect Donald Trump named former PayPal operating chief and now podcaster David Sacks as his lead policy adviser on artificial intelligence and crypto. “David O. Sacks will be the ‘White House A.I. &...