US crypto executive order looms — 5 things to watch in Bitcoin this week
A lack of bullish momentum leaves Bitcoin wanting this week as macro clouds gather on the horizon. Go to Source Powered by WPeMatico
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Terra (LUNA) at risk of 50% drop if bearish head and shoulders pattern plays out
LUNA price is at risk of further downside, but analysts point to a possible rebound as the altcoin tests a reliable, multi-month moving average as support. Go to Source Powered by WPeMatico
Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements
Equities, crypto markets, and precious metals did well during the early morning trading sessions on Wednesday, just before the U.S. central bank wrapped up its Federal Open Market Committee (FOMC) meeting. While the Fed said in a statement that the benchmark interest rate would rise soon, the central bank’s lead Jerome Powell said the committee … Read more
House members call for an end to lawmakers trading stocks — is crypto next?
“This would end the potential corruption of lawmakers pursuing policy outcomes that benefit their portfolios,” said 27 members of the U.S. House of Representatives in a letter calling for a ban on stock trading. Go to Source Powered by WPeMatico
Bitcoin shoots to $44,000 as US inflation hits 7% in December
United States Consumer Price Index data shows that inflation hit 7% in December 2021, climbing 0.5% month over month. Bitcoin almost reached $44,000 upon the news. Go to Source Powered by WPeMatico
IMF: Bitcoin matured to ‘an integral part of digital asset revolution’
Crypto assets are no longer on the fringe of the financial system, which raises financial stability concerns, a new IMF research argues. Go to Source Powered by WPeMatico
‘Most bullish macro backdrop in 75 years’ — 5 things to watch in Bitcoin this week
Can 2022 still turn out to be a bull year? Not many believe so, but short-term volatility should pass nonetheless, analysts say this week. Go to Source Powered by WPeMatico
New year, same ‘extreme fear’ — 5 things to watch in Bitcoin this week
Could Bitcoin be any less interesting for the average hodler? The remarkable split between BTC price action and network fundamentals continues into 2022. Go to Source Powered by WPeMatico
Sberbank Launches First Blockchain ETF in Russia
Russian banking giant Sberbank has presented the country’s first exchange-traded fund (ETF) giving investors access to the blockchain space. The new instrument holds securities of companies dealing with cryptocurrencies and the technologies that underpin them. Sberbank Introduces ETF Tracking Blockchain Economy Index The largest banking and financial services provider in Russia and the post-Soviet space, … Read more
Bitcoin holds $48K as final Wall Street session caps 60% YTD gains for BTC
There’s plenty to celebrate in “up only” Bitcoin beyond short timeframes, analysts conclude on the last day of the year. Go to Source Powered by WPeMatico