Bitcoin price slipped to $112,828 on Aug. 22, down 1.4% on the day as retail demand cooled while whales quietly accumulated. Summary Bitcoin trades at $112,828, 9.3% below its Aug. 14 all-time high of $124,128. Retail demand is fading, but whales bought 16,000 BTC in the past week. Technicals show $112K as key support; failure
Fed Chair Jerome Powell is set to speak at the Jackson Hole Economic Symposium for the last time since being appointed to the position by then-President Donald Trump in 2017. Powell will deliver a speech that will be closely followed by global central bankers at an event to be held at Jackson Lake Lodge in
According to a Friday report by the Financial Times, the European Union might launch the much-talked-about digital euro project on Ethereum or Solana instead of opting for a private blockchain. Issuing a digital euro on a public blockchain could significantly boost its accessibility, but there are some concerns about privacy-related issues. Jolting EU into action
Bitcoin price is attempting to recover from $112,000. BTC is back above $113,200 but faces many hurdles on the way up to $118,000. Bitcoin started a recovery wave above the $112,500 zone. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance
The cryptocurrency world is buzzing with significant news, signaling a profound shift in institutional investment. Global quantitative trading firm Jane Street, a colossal liquidity provider with an astonishing $505 billion in assets under management (AUM), has dramatically increased its BTC ETF holdings to an astounding $3.4 billion. This remarkable move, initially reported by Bitcoin journalist
US-based spot Bitcoin ETFs have posted their longest run of outflows in over four months, though crypto entrepreneur Anthony Pompliano says that Bitcoin’s price may now be oversold. Over the past five trading days, spot Bitcoin (BTC) ETFs have seen roughly $1.17 billion in outflows, representing the longest streak since a seven-day outflow period in
Amid the persisting sell-offs faced by the broad crypto market, BlackRock has also joined the trend. In a move that has sparked reactions from the crypto community, data from on-chain tracking platform LookOnChain has revealed BlackRock’s sale of large portions of its Bitcoin and Ethereum holdings. According to the data, BlackRock has collectively moved over
Cryptocurrency analysis firm Alphractal has released a new report highlighting the correlation between Bitcoin price movements and the global money supply. The analysis shows that when China’s money supply (M2) outpaces that of the US, Bitcoin typically trends upward. The report argues that Bitcoin prices have seen a strong increase in the past few weeks,
Visa is ramping up its crypto push, seeking blockchain expertise to fuel cutting-edge payment insights, sharpen network efficiency, and unlock fresh growth opportunities in digital transaction innovation. Visa Seeks Strategic Hire to Tap Blockchain Flows for Payment Innovation Edge Visa posted on its careers page that it is seeking an onchain data analyst to join
Expectations regarding the Fed’s interest rate policy are once again in the spotlight. Rick Rieder, CIO of BlackRock Global Fixed Income and head of the Global Allocation team, said on Fox Business that he expects the Fed to cut interest rates in September. “My guess is that the Fed will deliver a message about maintaining