Odds of the U.S. Federal Reserve trimming the federal funds rate at the Federal Open Market Committee (FOMC) jumped on Tuesday, signaling that futures traders and prediction markets have all but planted a flag on a quarter-point cut as the likely outcome. Market Goes All-In on a Quarter-Point Trim Most of Wall Street’s major indexes
While the cryptocurrency market doesn’t yet have a comprehensive index like the Dow Jones or S&P 500, Bitwise is one step closer to filling this void. The company’s new exchange-traded product, Bitwise 10 Crypto Index ETF (BITW), has begun trading, offering individual investors and financial advisors access to the 10 largest crypto assets in a
Key Takeaways Spot silver reached a record high of $60 amid expectations of a Federal Reserve interest rate cut. Market optimism is growing for a shift in US monetary policy at the upcoming Fed meeting. Spot silver climbed to a record high of $60 as traders positioned for an anticipated Federal Reserve rate cut that
Key Takeaways Over $190 million in short positions were liquidated within one hour as Bitcoin’s price surged. Short liquidations are automatic closures of bets against an asset when its price rises beyond margin requirements. Crypto markets witnessed over $190 million in short position liquidations within a single hour as Bitcoin surged higher, forcing automatic closure
Cascade, a New York-based startup, introduced what it called the first 24/7 neo-brokerage built around a unified margin account for perpetual markets tied to cryptocurrencies, major U.S. stocks and private companies such as OpenAI, SpaceX and Stripe. The platform is designed to resemble a modern retail brokerage while running on a new execution and settlement
The Middle East has a chance to become “the Switzerland of the 21st century” by embracing bitcoin-backed banking, credit, and digital money, said Strategy (MSTR) Executive Chairman Michael Saylor. In a wide-ranging presentation at Bitcoin MENA, Saylor urged the region to seize what he described as a $200 trillion opportunity by enabling banks to custody
Bitwise’s crypto fund has just become the second crypto index to begin trading, letting individual traders and institutions access to multiple cryptocurrencies in a single investment vehicle. . The Bitwise 10 Crypto Index Fund (BITW), a $1.25 billion vehicle tracking the 10 largest digital assets, received the U.S. Securities and Exchange Commission (SEC)’s approval to
What started as a slow U.S. morning on crypto markets has taken a quick turn, with bitcoin BTC$94,261.14 re-taking the $94,000 level. Hovering just above $90,000 earlier in the day, the largest crypto surged back to $94,000 minutes after 16:00 UTC, gaining more than $3,000 in less than an hour and up 4% over the
Roxom, a specialized Bitcoin capital market, announced the launch of a new platform that will allow investors to buy and sell the shares of BTC treasury companies directly denominated in BTC. Roxom will offer direct stock trading for BTC holders without the need for fiat ramps. Holders will be able to trade BTC directly for
Kevin Hassett, widely seen as US President Donald Trump’s new Fed Chair nominee, has been seen as a strong signal on interest rate policy, generating immediate buzz in the cryptocurrency market. Bitcoin’s price jumped nearly 3% in the last hour, reaching $93,535. Chart with minute candles showing the rise in BTC price. Hassett, director of