BTC price ‘in the chop zone’ — 5 things to know in Bitcoin this week
BTC price keeps traders and analysts in the dark as a week of macro triggers dawns, while Bitcoin network fundamentals plan new all-time highs. Go to Source Powered by WPeMatico
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Bitcoin price stumbles amid investors’ aversion to risk assets, but there is a silver lining
Market analyst Charles Edwards says that while there are good reasons to exercise caution, investors’ risk off sentiments and expectation of a recession could be overblown. Go to Source Powered by WPeMatico
How do the Fed’s interest rates impact the crypto market?
Cointelegraph analyst and writer Marcel Pechman explains how the U.S. Federal Reserve’s interest rates impact the crypto market. Go to Source Powered by WPeMatico
Dollar’s sharp recovery puts Bitcoin’s $25K breakout prospects at risk
Persistent inflation and a strong labor market create conditions for more Fed rate hikes in 2023, which may push down Bitcoin against the U.S. dollar. Go to Source Powered by WPeMatico
US Treasury-led CBDC Working Group looking at technical issues, national interest
Treasury Under Secretary for Domestic Finance Nellie Liang examined some of the design issues that would shape a potential U.S. digital dollar. Go to Source Powered by WPeMatico
US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and … Read more
BTC whale population shrinks to early 2020 levels — 5 things to know in Bitcoin this week
Bitcoin price action is on a knife edge as analysis hopes that the monthly close can echo a positive end to the week. Go to Source Powered by WPeMatico
BRICS Nations ‘Coalescing Against the Dollar,’ Major Banks Predict More Fed Hikes, Bitcoin Records Large Blocks as Ordinals Gain Currency
In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate hikes from the U.S. Federal Reserve, creativity in crypto has found a new boon in the form of controversial inscriptions, called Ordinals, on the … Read more
US agencies recommend old risk management principles for crypto liquidity
The joint statement highlighted the key liquidity risks associated with crypto-assets and related participants for banking organizations. Go to Source Powered by WPeMatico
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation.” US Regulators Issue Joint Statement on Crypto … Read more
