Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens

Historically, a Santa rally happens in the weeks leading up to Christmas when a collective sense of goodwill bleeds into equity markets. This is typically a seasonal blip and nothing to write home about. But this year, we could see a far more significant rally as the United States Federal Reserve ...

Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K

Bitcoin (BTC) is currently battling to hold the $34,000 level after a stellar rally and short squeeze saw its price push above $35,000 on Oct. 23.In an Oct. 24 market update, Capriole Investments founder Charles Edwards noted that after seven months of consolidation, Bitcoin’s upward ...

Mining BTC is harder than ever — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week firmly back in the “Uptober” spirit as the weekly close gives way to a classic short squeeze.In a return to classic BTC price volatility of the kind seen earlier in the month, the largest cryptocurrency is tackling $28,000 ahead of the first Wall ...

Central Bank of Turkey Raises Interest Rates to 30% in Ongoing Fight Against Inflation

The Central Bank of the Republic of Turkey (CBRT) has made a significant announcement regarding its interest rate decision for the month of September. The CBRT's Monetary Policy Committee has taken the bold step of raising interest rates to 30%, marking a substantial increase of 500 basis points com ...

Bitcoin Slips Below $26K as Fed’s Powell’s Hawkish Remarks Impact Market

Bitcoin Dips Below $26K, Smaller Cryptos Head Lower on Fed's Powell's Hawkish Remarks Bitcoin (BTC) has slipped below $26,000 on Friday as investors have digested U.S. Federal Reserve Chair Jerome Powell's continued com ...

Here’s what happened in crypto today

Here’s what happened in crypto today. South Korea passes crypto bill to tackle unfair tradingThe South Korean government is taking steps to protect cryptocurrency investors from implosions like Do Kwon’s Terra ecosystem by passing a new crypto bill.Chairman K ...

Why is Bitcoin price up today?

Bitcoin (BTC) price is up on June 20, reaching a 14-day high at $28,103. The fresh upside from BTC comes as recent negative news of the SEC cracking down on Binance and Coinbase and bullish traders are likely hopeful that BTC can break its 10-week losing streak. Daily cryptocurrency mark ...

Why is the crypto market up today?

The crypto market is up today, continuing gains from the Friday due to a mix of technical and fundamental factors.Oversold bounce across top crypto market assetsOn June 17, the crypto market's capitalization grew by over 2% to $1.05 trillion, up nearly 7.5% from the  $975.25 billion l ...

Why is Bitcoin price down today?

The bullish momentum that propelled Bitcoin (BTC) price to a 2023 high over $30,000 on April 11 is all but gone after a fresh wave of SEC-led regulatory enforcement against Coinbase followed the June 5 lawsuit against Binance exchange.The contraction in Bitcoin price follows a market-wide ...

Why is the crypto market down today?

Right as analysts thought that Bitcoin (BTC) was on the cusp of showing signs of a price breakout, the crypto market took a turn to the downside after the SEC presented charges against Binance exchange. This has led some analysts to believe that the BTC price bottom is not yet in. Bit ...

Rising Inflation in Turkey Spurs Interest in BTC and Stablecoins as Residents Seek Refuge

Inflation in Turkey has reached 44% And residents seek salvation in BTC and stabelcoins The Turkish lira fell by more than 20% against the dollar after the elections. Now $1 sells for 20 liras. Over the past decade, Turkish fiat has lost more than 90% of its v ...

Tether CTO Paolo Ardoino Believes US Technical Default Unlikely, Highlights Consequences

He said so on The Scoop podcast Ardoino thinks the parties in Congress will still reach an agreement Since the consequences would be catastrophic if not CTO of Tether Paolo Ardoino thinks a scenario in which the US declares a technical default is unli ...

Paul Tudor Jones: Bitcoin’s Limited Supply Makes it a Unique Asset

The uniqueness of bitcoin lies in its limited supply That's why the businessman remains loyal to the asset Paul Tudor Jones, a well-known investor, was interviewed by CNBC. He said he will always invest in bitcoin, because it is a unique asset. He has a fixed sup ...

Fed Chairman Jerome Powell talks about future policy, banking sector, and recession at press conference

May 3 Fed Chairman Gave Press Conference In this article, we compiled the main topics that Powell touched on in his speech Federal Open Market Committee (FOMC) Chairman Jerome Powell held a press conference yesterday, May 3. Among other things, he talked about ...

US Federal Reserve Raises Interest Rates Amid Bank Failures

The U.S. Central Bank has raised interest rates by 25 basis points The Fed's interest rate is now 5.25% The hike comes amid bank failures BTC has barely reacted to the decision The United States Federal Reserve is raising interest rates ag ...

Former BitMEX CEO Suggests Bitcoin Could Reach $1 Million Due to Bankruptcies

The former CEO of the cryptocurrency derivatives exchange BitMEX Arthur Hayes suggested that the bitcoin rate could soar to $1 million due to the bankruptcy of financial institutions. In a series of tweets, Arthur Hayes shared his opinion on the current situation with ban ...

Bitcoin rises to $30,000: Is the crypto-zima over?

In the first half of April, bitcoin rose to $30,000 for the first time in 10 months, and has been trading at that level for the past week. Is the crypto-zima over and should we expect further market growth? Over the past year, bitcoin has lost 65% of its all-time high price ...

Galaxy Digital Founder Predicts Bitcoin Price to Reach $40,000 if US Fed Cuts Interest Rates

Galaxy Digital founder Mike Novogratz has recently shared his thoughts on the future of bitcoin's price, stating that it could potentially reach $40,000 in the event that the US Federal Reserve decides to cut interest rates. Novogratz is optimistic about the prospects of both Bitcoin and Ethereum ...

Coinbase Analysts Express Confidence in Long-Term Strength of Cryptocurrency Market

Coinbase analysts have presented a report on the cryptocurrency market, expressing their confidence in the long-term strength of digital assets. The report considers three scenarios related to the actions of the US Federal Reserve: stopping interest rate hikes, a slight rate increase with further ...