Delphi Digital reported in its report that the US Treasury Department will begin refilling the General Account (TGA) in the coming weeks and in the process will withdraw $500-600 billion in cash from the market in about two months. The research firm explained that although this step may seem like a routine transaction for the
Bitcoin (BTC) is trading at $112,851, down 5.98% on the weekly chart. The move marks its lowest point in three weeks and extends a sharp reversal from the all-time high of $124,457 set on August 14, leaving the cryptocurrency down 9.3% from last week’s peak. BTC has broken below its 1D 50-day moving average (MA)
Nasdaq opened lower on Wednesday as stocks looked to steady after tech stocks led a rout that had major gauges slipping ahead of Federal Reserve meeting minutes and a key economic event this week. Summary Nasdaq Composite opened lower on Wednesday, with the tech heavy index shedding 0.5% in early trades. Stocks were showing weakness
Major cryptocurrency exchange Coinbase has recently sent out a tweet that has caught interest in the crypto community. The timing of the tweet coincides with a broader market drop, with Bitcoin trading below $114,000 after falling as low as $112,555 early Wednesday. In a tweet, Coinbase wrote “1 BTC =1 BTC” with the crypto community
Michael Saylor, a renowned Bitcoin evangelist and a co-founder of Strategy, has taken to his X account to address the global BTC community with an important message. Basically, he once again warned them not to sell their Bitcoin and to remain bullish on its future price and potential. Saylor issues three-word Bitcoin statement The Strategy’s
Bitcoin is currently trading within the $113K range. The market saw a liquidation event of $105.77M worth of BTC. The bear hold is tightened, and the assets are bleeding in red across the crypto market. All the major tokens are losing their momentum, while the largest asset, Bitcoin (BTC), follows suit, sliding to its former
Kenneth Rogoff spoke, and the Bitcoin hornet’s nest awoke. When the celebrated Harvard economist and former chief economist at the IMF yesterday publicly confessed that he was wrong on Bitcoin, he didn’t do so gracefully; instead, he doubled down. You see, it wasn’t that his prediction in 2018 of Bitcoin’s imminent doom and the bitcoin
Two early Bitcoin developers who are both believed by many in the crypto community to be Satoshi Nakamoto — Peter Todd and Adam Back — have suggested using Bitcoin as a cryptographic accumulator to make any censorship virtually impossible. However, while Back tweeted about this today, Todd pointed out that he has been talking about
Cryptocurrency investors are bracing for the US Federal Reserve’s annual gathering in Jackson Hole on Friday, where Chair Jerome Powell’s remarks may provide key signals on interest rate policy heading into September’s Federal Open Market Committee meeting. Bitcoin (BTC) briefly fell to $112,565 on Wednesday, a two-week low last seen on Aug. 3, Cointelegraph data