October Fed rate hike odds have taken a sharp U-turn after New York Fed President John Williams said there is no need to rush another rate increase. Odds of a 25-basis-point hike have dropped from above 70% to around 44%. The shift could give Bitcoin and the wider crypto market some much-needed relief. Williams Pushes
HSBC, one of the largest international banks, has unveiled HSBC RedCoin as the official name of its planned Hong Kong stablecoin. The stablecoin will first support P2P and person-to-merchant transactions, with corporate and institutional uses to follow, the bank said in a Sept. 20 announcement. The move is supported by a survey of more than
Bitcoin’s BTC$83,023.80 rally has stalled, and a handful of analysts say one price level will decide whether the next move is up or down. The world’s largest cryptocurrency hit a high above $87,400 on Sept. 21. It has pulled back since, testing the $82,000 to $83,000 zone. That area matters. It’s where bitcoin topped out
Leading cryptocurrencies stayed resilient on Tuesday while rising government bond yields weighed on stock markets. Crypto Market Holds Steady Bitcoin held on to support in the mid-$82,000 region, while bulls attempted a break above $85,000. Ethereum oscillated between $2,650 and $2,740, while XRP and Dogecoin inched higher. Cryptocurrency-related stocks also fell, with Strategy Inc. )
The SpaceX (SPCX) stock price ended the session on September 29 in the green, suggesting strong investor confidence. In addition, this comes as an analyst from a renowned financial firm has provided a $200 price target for the asset. Know when yourcoins moveAlerts, real-time prices, and market news — all in one app 4.8 based
Hyperscale Data (NYSE American: GPUS), an artificial intelligence data center company anchored by Bitcoin, said Monday that it held 219.0652 Bitcoin worth about $18.5 million and roughly $37.5 million in cash and restricted cash as of September 27, according to a company announcement. The combined position of about $56 million represented approximately 153% of the
A trend gauge is showing signs of a cooloff after bitcoin’s rally pushed it to just 10 points short of a perfect score. Bitcoin rose 0.4% to just above $83,300 as of Wednesday Asian morning hours, down from an eight-month high near $87,400. CryptoQuant, an onchain analysis firm, pegs its Bull Score at 90 out
Bitcoin Becomes the Basis for New Financing Bitcoin is becoming the foundation for a wider set of financial products, according to TD Cowen’s account of the Sept. 28 Bitcoin Treasuries Conference in New York. TD Cowen is a division of TD Securities. Its equity analyst Lance Vitanza, CFA, examined discussions of capital formation, collateral, and
Bitcoin miner Hut 8 announced on Sept. 28 that it had closed a four-year, $1 billion senior secured credit line. The facility gives the parent company room to borrow during site development and to back construction obligations with letters of credit. Its securities filing says no amounts were outstanding when the agreement closed on Sept.