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
Analysts warn that falling Bitcoin exchange activity could make prices more fragile, even without heavy selling pressure. Summary Bitcoin exchange flows have dropped, reducing internal market liquidity and increasing sensitivity to sudden trades. Analysts say thin order books and elevated leverage raise the risk of sharp, unstable price moves. Derivatives data shows a reset in
The cryptocurrency market just witnessed a major milestone. The BTC price has decisively broken through the $89,000 barrier, trading at $89,019.14 on the Binance USDT market. This surge isn’t just a number; it’s a powerful signal of renewed bullish momentum that has the entire digital asset space buzzing. What’s fueling this impressive climb, and is
Bybit’s latest report highlights that adoption grows fastest where traditional finance falls short, with Ukraine, Nigeria, and Vietnam demonstrating how crypto has become essential in these circumstances. The data also reveals that stablecoins have become the most widely used crypto product in the world. Emerging Markets Advance Through Necessity The research compares global adoption across
Michaël van de Poppe, the Amsterdam-based analyst followed closely by crypto traders, warned followers over the weekend that Bitcoin could see a “classic sweep” early in the week, a quick downward grab of liquidity that flushes out weak hands, before reversing back into an upwards trend. “I wouldn’t be surprised if we have a classic
Bitcoin price corrected gains and traded below the $90,000 support zone. BTC is now rising and might struggle to clear the $90,500 zone. Bitcoin started a downside correction from the $92,500 zone. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at
Key Takeaways El Salvador’s Bitcoin holdings have exceeded 7,500 BTC as it continues to build reserves. In addition to expanding its Bitcoin reserves, El Salvador is incorporating Bitcoin and blockchain technology into its education and financial sectors. El Salvador’s Bitcoin holdings have exceeded 7,500 coins worth over $670 million as the country continues to build
Kevin Hassett, one of the frontrunners to replace the current chair of the US Federal Reserve, has downplayed concerns that US President Donald Trump could sway the Fed, asserting that Trump’s views will hold “no weight” on agency decisions. With an announcement of the new Fed chair expected in mid-January, some hold concerns that Trump