Bitcoin BTC$85,649.79 is not the only asset taking a beating this quarter. The Japanese yen (JPY) is also down 157.20 per U.S. dollar, a big move for a major fiat currency, prompting FX traders to await intervention from the Bank of Japan (BOJ) to stem the decline. But why are we discussing FX? It’s because,
Expectations of a US interest rate cut are once again on the agenda. Kay Haigh, managing director at Goldman Sachs Asset Management, said that recent soft employment data and inflation nearing target still make a December rate cut a strong possibility. According to Haigh, this situation creates room for Fed Chair Jerome Powell to maintain
Japanese Prime Minister Sanae Takaichi’s cabinet approved a multi-billion dollar stimulus package on Friday, delivering on the new leader’s promise to pursue an expansionary fiscal policy. The stimulus, worth JPY 21.3 trillion ($135.40 billion), includes general account outlays of JPY 17.7 trillion, significantly larger than last year’s JPY 13.9 trillion, representing the biggest fiscal bazooka
The crypto market is in deep red today, with more than $3 trillion wiped out from the global market cap. Bitcoin, Ethereum, and XRP are all facing heavy sell-offs, and one analyst who accurately warned about Bitcoin’s fall from $115K to $90K now says the next stop could be $60,000. Bitcoin Falls Sharply as Market
Bitcoin extended its slide Friday morning Hong Kong time, dropping below $85,500, CoinDesk data shows, as the market absorbed a fresh wave of selling pressure and another shift in global rate expectations. The decline leaves BTC down more than 7% over the past 24 hours and more than 20% over the past month, outpacing losses
Key Takeaways Arizona’s State Retirement System revealed approximately $24 million in Bitcoin exposure through its investment in Strategy shares. Strategy acts as a regulated vehicle for institutions wanting Bitcoin exposure without direct crypto asset holding. Arizona State Retirement System, which manages pension and benefit programs for public employees, disclosed about $24 million in Bitcoin exposure
Veteran trader Peter Brandt said he doesn’t see Bitcoin reaching $200,000 before the end of the year as some crypto executives have predicted. In fact, he argues it may take nearly four more years to get there. “The next bull market in Bitcoin should take us to $200,000 or so. That should be in around
Key Takeaways The unraveling of Strategy’s market premium is now putting the company at risk of being cut from major equity indices. JPMorgan analysts warned that as much as $2.8 billion could exit if MSCI excludes the stock, with billions more at stake across other index-linked funds. Strategy faces the risk of being removed from
Polymarket and Kalshi are doubling down on their future — literally — as both prediction-market platforms push into web3 and global markets in search of new revenue streams. Both startups are also on the hunt for regulatory approvals, and partnerships with sports organizations. Summary Polymarket and Kalshi reportedly kicked off expansion efforts. The plans were