3 reasons why the Bitcoin price bottom is not in
Bear market fractals, weak technicals and macro risks continue to signal more pain for Bitcoin ahead. Go to Source Powered by WPeMatico
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Rich Dad Poor Dad’s Robert Kiyosaki Changes His Mind About Treasury Bonds — Says ‘Time to Open My Closed Mind’
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says it’s time to open his closed mind after listening to economist Harry Dent. He is now buying 2-year U.S. Treasury bonds despite repeatedly saying he does not invest in anything printed by the Federal Reserve or Wall Street. Robert Kiyosaki Influenced … Read more
Fed adds a new layer of bureaucracy for US banks engaging in crypto asset activities
The U.S. Federal Reserve Board has issued new instructions for banks engaging in crypto asset activities that include running their plans past their Fed supervisor. Go to Source Powered by WPeMatico
Solana (SOL) price is poised for a potential 95% crash — Here’s why
SOL price gained 75% in the past two months, but technical analysis suggests it could be an elaborate bull trap. Go to Source Powered by WPeMatico
Is Bitcoin really a hedge against inflation?
Bitcoin is working as a hedge against inflation despite its 2022 weak price performance, says Steven Lubka, Managing Directors of Private Clients at Swan Bitcoin Go to Source Powered by WPeMatico
Fed to issue long-awaited guidelines for granting master accounts to crypto banks
The U.S. Federal Reserve Board has finalized tiered guidelines for granting Federal Reserve accounts, with Wyoming’s crypto banks likely to fall under the most scrutiny. Go to Source Powered by WPeMatico
Bitcoin price corrects after hitting a wall at a multi-month descending trendline
“Up only” Bitcoin and Ethereum take a breather after encountering resistance at a stiff multi-month descending trendline. Go to Source Powered by WPeMatico
Bitcoin’s Mathematical Monetary Policy Is Far More Predictable Than Gold and Fiat Currencies
This past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block subsidy halving is expected to occur on or around April 20, 2024, as there are less than 91,000 bitcoins left to mine until that point. … Read more
Bitcoin drops to support as looming CPI print shakes up crypto and stock markets
Traders tuck their tails as this week’s CPI print approaches and BTC and ETH price fall back into range to test underlying support. Go to Source Powered by WPeMatico
Federal Reserve Governor Supports More 75bps Rate Hikes Citing ‘Significant Risk of High Inflation Into Next Year’
Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of high inflation into next year for necessities including food, housing, fuel, and vehicles.” The Fed governor also noted that crypto assets “could benefit from more … Read more