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SEC Reversal: Bitcoin ETFs Back in Play as Gensler Reconsiders Stance
15.12.2023
Due to some court rulings not agreeing with the agency’s opinion, the Securities and Exchange Commission (SEC) has been compelled to reconsider its viewpoint regarding the spot bitcoin ETF applications. For some time now, The SEC, working under its head, Gary Gensler, has refused to grant...
Bitcoin Price Prediction: FOMC Optimism & Spot ETF Buzz Lift BTC to $42,750
14.12.2023
The digital currency landscape is abuzz as Bitcoin’s price soars to $42,777, marking a significant 4% increase on Thursday. This rally is buoyed by a wave of optimism following the Federal Reserve’s latest FOMC meeting, which indicated a dovish stance on future rate hikes, and sparked...
Powell’s Fed Policy Criticized: Experts Claim ‘Phony Economy’ and ‘Credibility Destruction’ Post Rate Decision
14.12.2023
The Federal Reserve’s most recent session of the Federal Open Market Committee (FOMC) wrapped up, leaving interest rates as they were. The market, expecting rate reductions in 2024 and influenced by Fed Chair Jerome Powell’s dovish stance, reacted positively. This uplift was evident...
Bitcoin Technical Analysis: Key Indicators Point to a Consolidation Phase
13.12.2023
As of December 13, 2023, bitcoin’s price stands at $41,197, showcasing a dynamic interplay between various technical indicators. The cryptocurrency’s trading journey over the past 24 hours, oscillating between $40,712 and $41,957, highlights a state of cautious optimism among traders....
Hong Kong SFC Flags Potential Crypto Frauds Involving HongKongDAO and BitCuped
6.12.2023
Source: LT/Adobe Hong Kong Securities and Futures Commission (SFC) has issued a warning to the public about potential virtual asset-related frauds involving “HongKongDAO” and “BitCuped.” Collaborating with the Hong Kong Police Force, the SFC has taken decisive action...
Despite DOT’s upswing, traders adopt a skeptical stance
4.12.2023
Polkadot has been on the rise lately. However, the unexpected rise has only put crypto traders on guard. The sudden price surge has resulted in a 6% rise in short positions against DOT. Around 49% of traders had a short position against the crypto a few days ago. Now, the percentage has gone up...
Fed’s ‘Beige Book’ Paints Dim Economic Picture, Experts Warn Central Banks ‘Have No Ability to Save Anything’
30.11.2023
On Wednesday, following the market’s closure, major U.S. indices concluded the day unchanged, coming off a rise the previous day. This surge was influenced by the dovish remarks made on Tuesday by Federal Reserve Governor Christopher Waller. Observers of the market infer that Waller’s...
Fed Expected to Take Dovish Stance in 2024 with Over 100 Basis Points of Cuts
27.11.2023
The Fed is expected to cut interest rates by over 100 basis points in 2024 as inflation rates fall, adopting a more dovish monetary policy stance. Image by Monster Ztudio, Adobe Stock. The U.S. Federal Reserve is likely to adopt a dovish monetary policy stance in 2024, according to projections...
MicroStrategy’s Bitcoin Holdings Drive Stock to Two-Year High – Here’s the Latest
26.11.2023
Source: Adobe/monticellllo MicroStrategy, the enterprise business firm known for its bullish stance on Bitcoin (BTC), has seen its stock soar to a two-year high. The technology company’s shares closed above $500 on Black Friday, a level not seen since December 2021, according to data from...
“If You Like Bitcoin, Buy Bitcoin” – Financial Analyst Jim Cramer Admits He Was Wrong On Bitcoin
24.11.2023
Financial analyst Jim Cramer has admitted he was wrong on the direction of Bitcoin (BTC) as he previously urged users to sell the asset. In a part of his CNBC Mad Money show where he advises callers on assets to increase their exposure to dump, he revealed his present stance on investors acquiring...
Pro-Bitcoin, Central Bank Critic Javier Milei Wins Argentina’s Presidential Elections
20.11.2023
Source : X / @JMilei In a decisive win during Argentina’s presidential run-off on November 19, pro-bitcoin and far-right populist candidate Javier Milei clinched victory with over 55% of the votes, boasting a substantial lead of nearly 3 million votes, according to Bloomberg data. Milei...
Crypto Veteran Expects Bitcoin to Maintain Bullish Momentum, Targets $40,000 by Year-End
16.11.2023
Bitcoin Logo / Source: Adobe Markus Thielen, research head at Matrixport and founder of DeFi Research, expects Bitcoin’s bullish momentum to persist and drive prices toward $40,000 by the end of the year. Thielen’s optimistic outlook is based on several factors, including options...
Fed Chair Powell’s Hawkish Tone Rattles Markets as Inflation Concerns Persist
10.11.2023
Amid an uncertain economic landscape, Federal Reserve Chair Jerome Powell’s recent remarks have amplified the debate on the sufficiency of prevailing interest rates. Even with robust gross domestic product growth, Powell’s address indicated the Fed’s stern stance, as he noted...
Dr. Doom Embraces What He Once Scorned: Nouriel Roubini’s Firm Rolls Out Crypto Amidst Criticism
9.11.2023
Critics are currently roasting economist Nouriel Roubini, whose disdain for cryptocurrency is well-documented, as his company Atlas Capital announces its venture into the very market he once scorned. The firm is rolling out a crypto asset token crafted to combat the “negative effects...
Bitcoin Price Prediction: Saylor’s Stand as BTC Dips Amid Fed Shift
3.11.2023
As Bitcoin hovers around $34,667, marking a 3% decrease on Friday, the cryptocurrency world is closely monitoring the stance of prominent figures like Michael Saylor. Despite the dip, Saylor remains steadfast in his belief that one can never be overexposed to Bitcoin. Concurrently, the US dollar...
UK’s National Crime Agency Seeks to Set Up Specialized Team to Combat Cryptocurrency Scams and Fraud
2.11.2023
The United Kingdom’s National Crime Agency (NCA) is taking a proactive stance against the rising threat of cryptocurrency scams and fraud. In response to the increasing attempts by bad actors to deceive crypto investors, the NCA has announced plans to establish a specialized cryptocurrency...
Canadian MP urges community to study Bitcoin, cites Gensler’s pre-SEC stance
1.11.2023
Lightbound disclosed that he owns Bitcoin himself but won’t advocate for people to buy it but rather study it
Hong Kong Uncertain on e-HKD Issuance, Says Retail CBDC Needs More Study
30.10.2023
As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published report by the Hong Kong Monetary Authority (HKMA) highlights both the opportunities...
Bitcoin Price Prediction: Joyous Elon Musk Tweet Fuels Crypto Enthusiasm
30.10.2023
In the world of cryptocurrency, excitement continues to ripple through the market as Bitcoin holds steady at $34,274, registering a 0.75% increase on this Monday. Beyond the price action, the crypto community finds itself ignited by the joyful tweet from none other than Elon Musk. While...
SEC Commissioner Hester Peirce Challenges SEC’s Actions in LBRY Case
28.10.2023
Hester Peirce , a commissioner at the Securities and Exchange Commission (SEC), has expressed her strong disapproval of the agency’s handling of charges against cryptocurrency startup LBRY. In a statement released on Friday, Peirce, known for her favorable stance towards the crypto industry...