Kevin Warsh chaired his first Federal Open Market Committee meeting this week and immediately showed his hawkish colors. Rates stayed steady, but the new Fed Chair made it clear he intends to prioritize price stability and reduce loose forward guidance. While Warsh is focused on managing the dollar’s ongoing challenges, his debut actually highlights something
Bitcoin has climbed back above $63,000 after reports of an Israel-Hezbollah ceasefire have renewed expectations that stalled diplomatic talks between the United States and Iran could resume before the end of June. According to Reuters, Israel and Hezbollah have agreed to a ceasefire that is set to take effect on Friday, citing a senior U.S.
Bitcoin Holds Ground Amid Volatile Intraday Trading On Friday, June 19, bitcoin oscillated between $62,300 and $63,300 but ultimately closed up 1% on a day the U.S.–Iran peace memorandum faced its first stern test. The cryptocurrency’s daily chart showed bitcoin forming a zigzag pattern over much of the 24 hours. That pattern broke just before
Buying the Dip, Every Day El Salvador has once again added to its Strategic Bitcoin Reserve, summing up its strategy in four words, i.e. “Buying the dip, every day.” The latest buy continues a routine that has become a defining feature of President Nayib Bukele’s economic policy. Image source: X The country’s reserve now stands
Bitcoin is still under heavy selling pressure after breaking below a significant rising channel that had been guiding the price action since February, and there seems to be little stopping the asset from dropping lower. The latest rejection from a short-term resistance has accelerated downside momentum once again and is pushing $BTC back toward the
As the search for direction continues in the cryptocurrency markets, Michael, an analyst at The DeFi Report, one of the leading analysis platforms in the sector, evaluated Bitcoin’s (BTC) current cycle, potential bottoms, and expectations for the upcoming period in a comprehensive report. Last September and October, an analyst who timed his move perfectly by