Bitcoin’s (BTC) price once again slipped below the $90,000 support level over the weekend, as heightened volatility continues to define trading conditions in December. Several traders are pointing to the repeated appearance of the so-called “Bart Simpson” pattern on Bitcoin’s price chart. Notably, one appears to be forming now, which could likely define BTC’s price
Story Highlights As Trump weighs his next Fed chair pick, a leading contender is drawing a firm line on political influence. Kevin Hassett’s remarks have put Fed independence back in focus, keeping markets on edge. Kevin Hassett, a leading contender for the next US Federal Reserve chair, has stated that the central bank does not
Bitcoin’s price traded below $90,000 at the start of the new week, falling as low as $87,000 in the last 24 hours. After recovering, BTC is currently trading around $89,500, but one of the main reasons for today’s decline is the growing concerns about a possible interest rate hike by the Bank of Japan (BoJ).
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s BTC$89,629.86 three-week price bounce looks vulnerable to a reversal as the Nasdaq, Wall Street’s tech-heavy index, hit a wall last week, hinting at potential trouble ahead. Since hitting $80,000 lows on Nov. 21, BTC has steadily bounced above $90,000,
Bitcoin (BTC) started the new week lower, losing most of the gains made last week following the Fed’s interest rate cut. At this point, BTC dropped below $89,000, drawing market attention to further declines. Despite overall market caution, Ethereum (ETH) has remained relatively resilient and resistant to decline, holding onto its recent gains better than
Doha Bank has completed a $150 million digital bond that settled instantly on Euroclear’s distributed ledger infrastructure, underscoring how regulated DLT systems, not public blockchains, are becoming the preferred rails for institutional tokenized debt. The Qatari lender listed its digitally native notes on the London Stock Exchange’s International Securities Market, achieving same-day settlement through Euroclear’s
Cryptocurrency research firm 10x Research has stated that Bitcoin’s long-debated four-year cycle is still valid, but the main dynamic defining this cycle is no longer block reward halving. Markus Thielen, the company’s Research Director, stated that Bitcoin price movements today are largely shaped by political developments, global liquidity conditions, and election cycles. According to Thielen,
U.S.-listed spot XRP$2.0042 exchange-traded funds (ETFs) have recorded 30 consecutive trading days of net inflows since their debut on Nov. 13, setting them apart from bitcoin and ether ETFs that experienced multiple days of outflows over the same period. Data from SoSoValue shows XRP spot ETFs have attracted fresh capital every trading day since launch,
Kevin Hassett, a top contender for President Donald Trump’s Fed chair pick, stated that Trump’s voice would carry no weight in the central bank’s interest rate decisions under his chairmanship. “[He] has very strong and well-founded views about what we ought to do,” Hassett, Trump’s top economic adviser at the White House, said Sunday on
Wang Yongli, a former deputy governor of the People’s Bank of China (PBoC), said that China maintains a tough stance against cryptocurrencies while resolutely supporting the development of the digital yuan (e-CNY). Wang said in a statement published on his official WeChat account that China’s monetary policy direction has now become completely clear. Wang Yongli