Bitcoin briefly dips below $43K as Fed says rate hike ‘soon appropriate’
The odds are on for a March rate increase after Wednesday’s FOMC minutes, but stocks also fear geopolitical instability this week. Go to Source Powered by WPeMatico
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Bitcoin price is ‘likely starting the next push up’ if $42K holds as support
Multiple technical indicators suggest that BTC is preparing for a breakout, despite concerns about rising inflation and conflict in Ukraine. Go to Source Powered by WPeMatico
US Senate Banking Chief Criticizes Super Bowl Crypto Ads, Claims ‘Big Crypto Companies Are Desperate’
The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s stablecoin hearing, Brown criticized all the cryptocurrency companies who advertised during the Super Bowl this past weekend and stressed that he’s “never seen the Federal Reserve buy a multimillion-dollar commercial for U.S. … Read more
Bitcoin dips before Fed rate hike cues amid warning over $9T balance sheet
Reducing the balance sheet may spark bigger Bitcoin losses than a rate hike, one analyst warns. Go to Source Powered by WPeMatico
Fed never did it: US Senate Banking head lashes out at Super Bowl crypto ads
The lawmaker claimed that crypto is not real money and companies splurging millions on advertisements proves that. Go to Source Powered by WPeMatico
Concerns over Fed nominee may stop Senate from confirming Biden’s picks: report
Republicans are reportedly calling for a boycott of voting on nominees to the Federal Reserve related to allegations Sarah Bloom Raskin lobbied the president of the Kansas City Fed on behalf of fintech firm Reserve Trust. Go to Source Powered by WPeMatico
Bitcoin on-chain data hints at institutions ‘deploying capital’ at expense of ‘hodlers’
On-chain metrics detect strong “sophisticated passive buying” on spot exchanges and a rise in the movements of Bitcoin to whale wallets. Go to Source Powered by WPeMatico
MIT, Boston Fed give digital dollar CBDC a modest test run
Blockchain-based architecture was deemed “not a good match” as researchers weighed several technological designs. Go to Source Powered by WPeMatico
Bitcoin’s 30% recovery in two weeks has BTC whales back in accumulation mode
The number of Bitcoin addresses holding at least 1,000 BTC has risen in recent weeks. Go to Source Powered by WPeMatico
Analysts say Bitcoin’s range-bound trading at a key support level reflects a trend reversal
BTC’s journey into the $43,000 to $46,000 price range could be another sign that the multi-month correction has ended. Go to Source Powered by WPeMatico
