Bitcoin paints Nasdaq green as NCI index marks 38% gain in January
The bullish rise of Bitcoin and other altcoins in January helped the Nasdaq Crypto Index to register its third-highest monthly gain. Go to Source Powered by WPeMatico
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Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell
The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-point increase. The FOMC statement further detailed that ongoing rate increases are anticipated to bring inflation down to the target range of 2%. FOMC Outlines … Read more
Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears
Strong corporate earnings and investors’ anticipation of a Federal Reserve pivot are helping to cement the case for risk assets like Bitcoin. Go to Source Powered by WPeMatico
Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023
Bitcoin miners have been under duress for more than a year and even with BTC price trading at $24,000, BTC mining stocks could still face challenges throughout 2023. Go to Source Powered by WPeMatico
Market Strategist Warns of ‘Blood’ on February 1 Ahead of Fed Meeting
Stocks, precious metals, and cryptocurrencies rallied during the first month of the year, and market strategists are saying that markets could retract in the near future if the U.S. Federal Reserve keeps hiking rates and maintaining a broader tightening policy. In three days, on Feb. 1, 2023, the Federal Open Market Committee (FOMC) is set … Read more
Here’s why Bitcoin price could correct after the US government resolves the debt limit impasse
Bitcoin price has been on a tear, but analysts warn that resolving the U.S debt limit issue could trigger sharp downside for risk assets like BTC. Go to Source Powered by WPeMatico
Crypto-friendly Stripe weighs public offering: Report
In 2021, Stripe raised $600 million from a group of investors at a valuation of $95 billion, making it one of Silicon Valley’s most valuable startups. Go to Source Powered by WPeMatico
Bitcoin miner CleanSpark expands operations in Georgia
Some BTC miners have declared bankruptcy or sought financial aid to stay afloat. Others are finding unique ways to grow amid the bear market. Go to Source Powered by WPeMatico
Ethereum price rally under question after ETH slams into resistance at $1.6K
ETH price continues to encounter resistance at the $1,600 level, a potential sign that the current rally lacks sustainable momentum. Go to Source Powered by WPeMatico
Bitcoin holds $20K while flirting with a neutral futures premium for the first time in 6 months
Global and U.S. economic data and a few BTC derivatives-related metrics could determine whether Bitcoin retests the $20,000 level in the short-term. Go to Source Powered by WPeMatico