Financial giant BNP Paribas has predicted three Fed rate hikes as the U.S. labor market holds strong while inflation continues to rise due to the U.S.-Iran war. Notably, crypto market participants are also pricing in a hike, with the Polymarket odds rising to a new high following the latest jobs data.
Strategy co-founder and executive chairman Michael Saylor said Bitcoin needs “disciplined expansion” through banks, companies, securities, credit and capital markets, laying out a path for the asset as spot exchange-traded fund (ETF) outflows and a broader market sell-off test institutional demand. On Friday, Saylor published an essay, saying Bitcoin’s base layer should be treated as
Hardcore bitcoin purists haven’t lost faith in the world’s largest digital currency, despite it losing nearly 17% of its value, marking the worst weekly performance since July 2024 and wiping out about $200 billion in market cap in the last seven days. The prominent bitcoin advocates or maximalists (short for maxis) — a group that
Bitcoin’s recent drop below $60,000 has shaken the crypto market. But according to Glassnode co-founder Rafael Schultze-Kraft, the latest drop may be bringing Bitcoin into a rare price zone that has historically marked major market bottoms. The big question: Is Bitcoin close to its bottom level, or is there still more pain ahead? Bitcoin Enters
Reports are circulating that Iran is now accepting Bitcoin payments through the Lightning Network from ships moving through the strategically vital Strait of Hormuz. One of the reports comes from X user Bitcoin Archive, calling it a real‑world example of “permissionless,” “censorship-resistant” money at work in international trade. After the spike in geopolitical tensions earlier
The Clearing House, the private payments infrastructure company owned by America’s largest financial institutions, is set to operate a shared blockchain network allowing bank deposits to move on-chain with round-the-clock settlement. According to WSJ, JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and other major commercial banks are backing the effort with a launch targeted
Bitcoin critic and gold advocate Peter Schiff rarely misses an opportunity to make a point about Bitcoin, and this week he made one that is harder than usual to dismiss. As Bitcoin collapsed below $62,000 and fingers pointed at Michael Saylor’s 32 Bitcoin sale as the trigger, Schiff offered a counterpoint that reframes the entire