In his recent statements, Federal Reserve Chairman Jerome Powell highlighted the uncertainties in the current economic outlook, signaling that a cautious stance in monetary policy will continue. Powell stated, “We don’t yet know what the effects of the current situation will be on the economy,” adding that global developments and geopolitical risks, in particular, are
Bitcoin ($BTC) started the new week below $70,000. While the direction of the US-Iran conflict is being closely watched in both $BTC and global markets, an analysis firm has assessed the current situation. QCP Capital, a Singapore-based cryptocurrency analytics firm, stated that Bitcoin has entered a consolidation phase and is outperforming gold and stocks. “$BTC
American Bitcoin Corp (ABTC), a Nasdaq-listed mining firm co-founded by Eric Trump and backed by the Trump family, announced Monday that its Bitcoin reserve has reached 7,000 $BTC, a position worth roughly $475 million at current market prices. 7,000+ $BTC and still climbing. Since our Nasdaq debut: ~3x growth in Bitcoin Reserve>2x growth in Satoshis
Strategy has taken a break from its weekly Bitcoin purchases for the first time in over three months as the quarter draws to a close. In a Monday filing, the world’s largest corporate Bitcoin holder reported that it neither sold shares through its at-the-market program (ATM) nor purchased Bitcoin last week. As of now, Strategy’s
Nearly half of all bitcoin in circulation is now worth less than it was bought for, according to data from the Bitcoin Impact Index, which jumped sharply last week as stress returned across all segments of the market. The index, which measures financial stress for bitcoin user cohorts based on onchain behavior, ETF and derivatives
Charles Hoskinson, founder of the Cardano and Midnight blockchains, said crypto has spent more than a decade solving the wrong problems and failing to break into the real-world economy. “The question I’ve been asking for eight years is: why didn’t the revolution happen?” Hoskinson asked. His answer is Midnight, a project in which he invested
Prospects of interest rate rises are no longer just the U.S. story. Traders are now betting the Bank of Japan (BoJ) could tighten too as the resource-scarce nation faces inflation risks from the ongoing Iran war. Traders see a roughly 69% chance of the BoJ raising its benchmark borrowing cost at the April 28 meeting,
Elon Musk has revived his favorite Bitcoin anime character to the timeline with a modern AI twist. In the meantime, Bitcoin’s price remains firmly in the green after the cryptocurrency got a coveted mention from the centibillionaire. The latest viral interaction kicked off when X user @TxCryptoSaurus tagged Musk and challenged him to animate a