Crypto markets and the rest of the global financial industry were waiting with bated breath for today’s US CPI numbers. Notably, compared to Wall Street’s predictions, the most recent figures from the U.S. Labor Department show that inflation slowed to 3% in June. Market mood, which had been hurt recently
On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) had a net inflow of $147.37 million, continuing a streak of four days of positive fund flows. SoSoValue statistics shows that Fidelity’s FBTC received $57.79 million on Wednesday. Up next was Franklin Templeton’s ETF, which raised $31.66 million, its highest funding
The slightest revival of the Bitcoin price yesterday was less impactful than expected, failing to break $60,000. BTC struggled to clear the $59,500 level and dipped by 0.39% over the past 24 hours to a bottom of $57,209. The German government’s recent sell-off might shake the market and has made
The 45th President of the United States and presumptive Republican nominee, Donald Trump, will deliver a speech at Bitcoin 2024 in Nashville, TN. The announcement comes on the heels of Trump’s public support for the American Bitcoin industry. This will be the first time a U.S. president publicly addresses the
The Senate Agriculture Committee recently heard testimony from CFTC Chairman Rostin Behnam, who addressed the topic of digital asset categorization in the context of the crypto market. Bitcoin (BTC) and Ethereum (ETH) were acknowledged as commodities under the Commodity Exchange Act by the U.S. Illinois court, according to Behnam. Additionally,
The government of Malaysia attributes the region’s exorbitant power bills on Bitcoin (BTC) mining. According to Akmal Nasrullah Mohd Nasir, Malaysia’s Deputy Minister of Energy Transition and Water Transformation, the country’s power supply was depleted by cryptocurrency miners to the tune of $722 million (RM3.4 billion) from 2018 to 2023.
Block, a financial technology behemoth, has just completed the first order for its innovative mining chips. New 3 nanometer (3nm) mining application-specific integrated circuits (ASICs) from Block will be supplied to Bitcoin miner Core Scientific, as stated in a statement made on July 10. Financial details of the sale have
On Thursday, July 11, the crypto market players are anticipating the publication of the U.S. Consumer Price Index (CPI) statistics with great anticipation. Crucial inflation statistics may set the tone for the Fed’s future position with their policy rate plans, therefore the whole financial market will closely monitor it. Everyone
The German government’s recent move to sell off substantial Bitcoin holdings has made big waves in the cryptocurrency market. According to Arkham Intelligence data, approximately 8,853 Bitcoins were transferred out of government wallets today, reducing their total holdings to 15,110 Bitcoins valued at $887 million. This follows a series of
Despite the German government and Mt. Gox selling pressures, the global crypto market displayed a notable rebound, driven by Bitcoin’s (BTC) recovery on July 10. This upward movement comes in the wake of recent market turbulence, as Bitcoin climbed nearly 4.20% to approach the $59,500 zone. At the time of
