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Japan’s Metaplanet Boosts Bitcoin Reserve Adds ¥1 B Worth of BTC Holdings
1.10.2024
Japan’s investment firm Metaplanet announced Tuesday it has added an additional 107.913 Bitcoin to its reserve, valued at…
Bitcoin drops to $63K, fails to rebound after Fed hints at future interest rate cuts
1.10.2024
Bitcoin surprised traders by opening the week in the red, and the Federal Reserve’s announcement about future rate cuts failed to reverse the downtrend
Pre-Bull Signs Abound
30.9.2024
This editorial is from last week’s newsletter, Week in Review. Subscribe to the newsletter to get this editorial the second it’s finished, which also includes the biggest stories of the week and a comment on each story. Pre-Bull Sentiment Rises This week it felt like the entirety of...
Bitcoin monthly close, fresh bullish narratives lead BTC traders to aim for new price highs
29.9.2024
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.
Bitcoin monthly close, fresh bullish narratives lead BTC traders to aim for new price highs
29.9.2024
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.
Bitcoin monthly close, fresh bullish narratives lead BTC traders to aim for new price highs
29.9.2024
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.
QCP Capital: Risk Assets Rise on Global Stimulus Outlook
28.9.2024
According to a weekend market insights analysis provided by QCP Capital, risk assets experienced a notable rally this week, driven by central bank stimulus measures and key political developments. Analysts from QCP highlighted multiple factors contributing to the uptick, including economic support...
CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting
28.9.2024
In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction...
Bitcoin Tops $66K as Inflation Cools, $9.67M in Shorts Liquidated
27.9.2024
Bitcoin prices continued climbing this week, reaching an intraday peak of $66,456 per unit at 10:35 a.m. ET on Friday, marking a 2.4% boost against the U.S. dollar today and a solid 5% gain over the past seven days. Bitcoin Jumps to $66,456 Following U.S. PCE Report On Friday, Sept. 27, 2024...
SEC's Gensler Won't Reveal his View on Trump's Bitcoin Reserve, Reiterates Bitcoin Isn't a Security
27.9.2024
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his stance that bitcoin is "not a security" but doubled down on his stated position that regulatory clarity exists for the crypto space in an interview with CNBC on Thursday
Key Indicators Challenge Fed's 'Normalization' Rate Cut That Torched Bitcoin Rally
26.9.2024
The post-Fed risk-on rally supports the normalization narrative, but some indicators disagree, suggesting caution to bulls
Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty
25.9.2024
In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal...
Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience
25.9.2024
Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated...
The Fed Pivot is Finally Here
25.9.2024
Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a. (upper limit) which could have strong implications for the crypto community, says Andre Dragosh, head of research Europe, CoinShares
U.S. M2 Money Supply Approaches New Highs as Financial Assets Reach Record Levels
25.9.2024
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Lawmakers Question SEC Over Disruptive Crypto Custody Rules
25.9.2024
Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question whether the SEC acted prematurely, potentially...
Economist Jim Rickards: Fed’s Narrative Is Wrong, Recession Coming
24.9.2024
Jim Rickards, a renowned economist and author of several best-selling books, has explained that the recent Federal Reserve 0.5% interest rate cut shows that the institution has fallen behind the curve and is “in a little bit” of a panic mode, with a recession coming according to several...
Why is Cardano (ADA) price up this week?
24.9.2024
Cardano founder's upcoming meeting with the Argentine president Javier Milei is one of the main bullish factors for ADA this week
Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador
24.9.2024
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January...
UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’
24.9.2024
UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that...