Federal Reserve Chair Kevin Warsh is heading the central bank’s two-day policy meeting, concluding this afternoon, with investors looking beyond the interest-rate decision itself for clues about how he plans to reshape the central bank. Markets are fully expecting the Fed to leave its benchmark fed funds rate range unchanged at 3.50%-3.75%. Bank of America,
Most people holding Strategy’s 11.5% dividend-paying STRC, are making a strange bargain with the company; that on monthly snapshot days, the stock will trade near the company’s intended $100 share price. In between those dates, however, STRC invariably wanders downhill. Indeed, it closed yesterday at $91.79, 8.2% below its target. Strategy persuades buyers to take
BlackRock announced that it had launched its iShares Bitcoin Premium Income ETF (BITA). However, crypto research firm 10X Research is not so optimistic about the ETF’s chances of yielding absolute returns in nearly every market scenario. BITA, which began trading on the Nasdaq on June 16, holds a mix of spot Bitcoin and shares of
Bitcoin ($BTC) whales accumulated more than 30,000 $BTC over the past week, a development that has strengthened the bullish case for the cryptocurrency and prompted a new price prediction from ChatGPT. In particular, wallets holding between 10 and 10,000 $BTC increased their combined holdings from approximately 4.24 million $BTC to 4.27 million $BTC over the
In a discussion with Coinpedia, crypto analyst Kripto Holder shared his latest assessment of Bitcoin, arguing that the market is currently going through a phase of liquidity gathering and leverage reduction rather than a clear accumulation period. According to the analyst, the $65,000–$66,000 region should be viewed as an area where excess leverage is being
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1774.43, down 1.5% (-26.19) since 4 p.m. ET on Tuesday. Four of 20 assets are trading higher. Leaders: UNI (+2.5%) and XLM (+2.3%). Laggards: BCH (-3.1%) and ADA (-2.8%).