Turkey’s central bank delivered a significant interest rate rise on Thursday, signaling a turn towards more traditional economic strategies to tackle sky-high inflation. The bank’s benchmark interest rate was increased by 6.5 basis points, to 15%. The first hike since March 2021, represents a leap from the current 8.5% but
Bitcoin (BTC), the crypto market leader, experienced a significant surge for the second consecutive day, buoyed by investor confidence following the filing of spot Bitcoin exchange-traded fund (ETF) applications by prominent asset management firms, including BlackRock. The cryptocurrency, which holds the largest market capitalization, rose by nearly 5% over the
In recent news, we found out that the FED plans to raise interest rates soon, which caused worry all over. However, the worry immediately subsided as China announced its stimulus package that has the potential to inflate everything, including Bitcoin (BTC), Ethereum (ETH), and Tradecurve (TCRV). Out of the three,
Financial powerhouse Valkyrie is the latest to apply to the U.S. Securities and Exchange Commission (SEC) for approval to launch a spot Bitcoin Exchange-traded fund (ETF). Spot Bitcoin ETF registration with the SEC was submitted by Valkyrie on June 21. They want to have the fund listed on the Nasdaq
Despite concerns surrounding the economy and regulatory actions targeting particular crypto exchanges, Bitcoin’s price exhibited remarkable resilience, surging past $30,000 and demonstrating sustained growth over the past few days. Reports indicate that the present value of BTC stands at $30,331.07, accompanied by a 24-hour trading volume of $31,662,818,930. Within the last
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has reached the $30K mark for the second time this year. The last time Bitcoin reached the 30K mark was in April 2023, according to CoinMarketCap. On May 21, Bitcoin experienced a significant surge that helped it reach the $30,000 trading
The Monetary Authority of Singapore (MAS), has proposed a universal protocol that would outline the parameters for the usage of different cryptocurrencies. The Monetary Authority of Singapore (MAS) released a white paper on its new Purpose Bound Money (PBM) concept on June 21. The report details the idea’s lifespan and
On Wednesday, Bitcoin and Ethereum values touched their highest point in six weeks, marking a general resurgence in the cryptocurrency market. In the previous day, the price of Bitcoin has increased by 8% to over $29,000, while the price of Ethereum has increased by 6% to over $1800. Meanwhile, in
Bitcoin (BTC), the global leader in the cryptocurrency market, experienced a significant surge of over 8%, reaching the $29,000 range. This impressive price movement has had a ripple effect throughout the market, causing several top altcoins to display gains and chart a positive trajectory. In addition the second largest cryptocurrency
Over the past day, the cryptocurrency market witnessed a fascinating development as more than 1,500 Bitcoin units were transferred from the U.S. government balance. This intriguing event has caught the attention of investors and analysts, shedding light on the dynamics of spot buying and selling within the Bitcoin market. Just
