Expectations on a possible Federal Reserve rate decrease in September skyrocketed, leading to a strong gain in the cryptocurrency market last week. Ethereum was trading at $2,800 while Bitcoin was close to $65,000 over the weekend. Next up, among other important events, are the US PCE numbers, which, among other
Blockchain investment behemoth Digital Currency Group (DCG) has paid off all of its short-term debts as of June. This is according to a quarterly shareholder letter the business sent out this week. Thanks in large part to a stellar performance during the first half of the year, the firm was
The assets under management (AUM) of spot Bitcoin ETFs in Hong Kong have topped 2 billion Hong Kong dollars, or around $256 million. When compared to their American equivalents, the Bitcoin (BTC) exchange-traded funds in Hong Kong have gotten off to a slower start. Data from SoSo Value shows that
In the latest crypto market update, Bitcoin has surged past $65,000 following signals from Federal Reserve Chairman Jerome Powell that rate cuts may be on the horizon. Powell’s comments on cooling inflation and concerns about labor market weakness have fueled optimism among investors, pushing Bitcoin’s price up by over 6.79%
In a court filing, Robert F. Kennedy (RFK) Jr., a politician who has been vocal in his support for Bitcoin and who ran for president before, confirmed that he would back Donald Trump. The court filing officially confirmed what many political analysts had suspected all along, and they had been
A recent research from JPMorgan states that Bitcoin miners are finding it difficult to maintain profit due to the April halving of the Bitcoin network and increasing power prices. According to a report written by analysts Reginald Smith and Charles Pearce, the Q2 of 2023 was a historic quarter for
The most powerful indication of Fed rate reduction came from US Federal Reserve Chair Jerome Powell during his Friday address in Jackson Hole. Following the recent publication of the FOMC Minutes, the stock and cryptocurrency markets were already in a bullish mood. But Powell’s statement that “The time has come
U.S. spot bitcoin ETFs have now had six consecutive days of positive inflows, with Thursday’s data showing net inflows of $64.91 million. SoSoValue data shows that on Thursday, the biggest inflow among the funds was $75.49 million into BlackRock’s IBIT, the biggest spot bitcoin ETF by net assets. A total
The crypto market has briefly recovered from the recent dip, and the global crypto market cap has spiked by 0.75% to $2.15 trillion over the last day. Leading cryptocurrencies have recovered moderately from their support levels. Among them, Bitcoin (BTC) has soared 0.39% within the last 24 hours. Bitcoin’s price
Bitcoin exchange inflows, defined as the total amount of Bitcoin delivered to exchanges, have declined sharply since early August, notwithstanding transfers from the Mt. Gox bankruptcy estate and concerns of a US government sell-off. Almost 94,000 Bitcoin were delivered to exchanges on August 4, followed by about 49,000 Bitcoin on
