The Fed's 25 basis point cut on Wednesday was expected, but analysts suggest concerns over prolonged high rates may be overblown for Bitcoin.
Bitcoin could surge to $500,000 as Bitwise CIO Matt Hougan highlights the potential of a US Strategic Bitcoin Reserve. Backed by growing political interest, this initiative could set the stage for unprecedented crypto market shifts.
Crypto exchange Coinbase has cited risks linked to Tron-founder Justin Sun during a lawsuit over its delisting of Wrapped Bitcoin (wBTC).
BOB (Build on Bitcoin), a hybrid layer two (L2) network, has advanced its mission to position Bitcoin at the center of decentralized finance (DeFi) by integrating with Babylon, a Bitcoin staking protocol. This collaboration enables BOB to secure transactions using Bitcoin as its anchor chain, providing a level of finality and irreversibility unique to the
Bitcoin fell sharply for the first time in four days as markets reacted to the Federal Reserve's latest rate decision. The apex crypto tumbled by as much as 5.3%, dropping to $100,752 after briefly soaring past $108,000 earlier this week in a record-breaking rally.
El Salvador secures IMF deal, adjusting Bitcoin policy to voluntary acceptance, focusing on fiscal reform and economic resilience. The post El Salvador secures IMF deal as Bitcoin acceptance turns voluntary appeared first on Crypto Briefing.
Jerome Powell confirmed the Federal Reserve cannot hold Bitcoin, leaving the decision to Congress. Though some lawmakers and President elect Trump support a U.S. Bitcoin reserve.
Metaplanet, an investment firm based in Tokyo, is expected to record its first consolidated operating profit in seven years as it continues to improve its financial position. The firm claimed that it has shifted its focus to Bitcoin as the leading cryptocurrency, which has been profitable, especially with the current price increases.
Ohio joins states like Pennsylvania and Texas in exploring Bitcoin reserves to protect public funds and modernize financial strategies.
Bitcoin (BTC) experienced a sharp decline today, dropping from $105,500 to $100,227 after the U.S. Federal Reserve announced a quarter-point reduction in the benchmark interest rate. The sudden market movement left many traders reeling as bitcoin's value hovered between $100,900 to $101,150 per coin by press time.
Bitcoin price sold off, and the wider crypto market corrected following the Federal Reserve's hawkish 2025 outlook on inflation.
Wyoming Senator Cynthia Lummis has become a leading figure in advocating for Bitcoin's integration into the United States' financial system. In recent statements, Lummis emphasized the need for the U.S. to establish a national Bitcoin reserve, which she believes could offer long-term solutions to the country's growing national debt and inflation concerns.
BitMEX CEO Arthur Hayes suggests that Trump's administration should move from the Gold standard and incline more towards establishing a strategic Bitcoin reserve.
A federal judge denied BiT Global's request for a temporary restraining order, allowing Coinbase to delist WBTC, or Wrapped Bitcoin.
Bitcoin's price has taken a noticeable dip after reaching an all-time high of $108,000. The sharp drop has left many investors questioning the reasons behind this sudden turn in the market.
Hong Kong is solidifying its position as a global digital asset hub by granting licenses to four new cryptocurrency exchanges.
U.S. Federal Reserve Jerome Powell said the central bank is not allowed to hold bitcoin and is "not looking for a law change."
The price of Bitcoin is testing $100,000 after Fed Chair Jerome Powell issued a statement on the central bank's ability to hold BTC. Powell took questions from reporters after announcing the Fed it has lowered its key interest rate by a quarter percentage point in its third consecutive reduction.
Bitcoin ETFs surpass gold with $129 billion in assets. BlackRock's Bitcoin Trust leads, managing $60 billion in Bitcoin ETFs.
A Bitcoin (BTC) whale that last transacted about 44 months ago has awakened and moved over half a billion dollars worth of the flagship crypto asset, according to on-chain data.
Federal Reserve chair Jerome Powell reiterated the bank's position on a Bitcoin reserve from an existing legal perspective.
Bitcoin (BTC) fell to a low of $100,300 following hawkish comments by Fed chair Jerome Powell during the Federal Open Market Committee's (FOMC) Markets retreated lower despite the expected 25 basis point cut in the US interest rate, bringing the rate to the 4.5% to 4.75% range.
The total crypto market cap is down by another $200 billion in a few hours.
Jack Mallers, CEO of the payment application Strike, has made headlines with his bold prediction that Bitcoin could reach a staggering $1 million per coin. This would represent an approximately 871% increase from its current price of around $106,994.
Cryptocurrency markets are trading lower on Wednesday despite the Federal Reserve announcing a 0.25% rate cut in its latest FOMC meet. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $102,173.74 -3.9% Ethereum (CRYPTO: ETH) $3,714.81 -5.5% Solana (CRYPTO: SOL) $210.29 -7.3% XRP (CRYPTO: XRP) $2.36 -9.3% Dogecoin (CRYPTO: DOGE) $0.3654 -8.4% Shiba Inu (CRYPTO: SHIB) $0.00002458 -8.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.4% and daily active addresses falling by 12.8%.
The integration allows BOB, a "hybrid L2," to use Bitcoin as its anchor chain where transactions with assets from other chains can be irreversibly recorded.
Bitcoin dropped after Federal Reserve Chair Jerome Powell said the central bank would cut interest rates at a slower pace in the new year.
Michael Saylor, co-founder of MicroStrategy, plans to enhance shareholder value through "intelligent leverage," focusing on optimizing capital structure as the company transitions into a major player in Bitcoin investment. The post Michael Saylor Eyes ‘Intelligent Leverage' to Boost MicroStrategy's Bitcoin-Driven Strategy: Bloomberg appeared first on Cryptonews.
The draft executive order by the Bitcoin Policy Institute seeks to extend the conversations regarding the U.S. establishing a strategic bitcoin reserve. Establishing Bitcoin as a National Asset for Americans The Bitcoin Policy Institute has drafted an executive order for President Trump‘s consideration aimed at establishing a strategic bitcoin reserve.
The ETF, which Grayscale spun off from its older Grayscale Bitcoin Trust, now holds around $4 billion in assets.
The price of bitcoin sailed past $100,000 in early December and was still up more than 130% year-to-date, as of Dec. 18.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Arkansas Representative French Hill, who was selected as the incoming Financial Services Committee chair, discusses his crypto lawmaking priorities for 2025.
From MicroStrategy splitting its stock to major banks acquiring crypto firms, bitcoin is about to enter its “Wall Street” era.
Whether you're a casual player or a high roller, Bitcoin will improve your experience.
As expected, on December 18, 2024, the Federal Reserve lowered the key interest rate by 25 bps, the third consecutive reduction so far in 2024. However, this rate cut announcement cautioned us about additional reductions in the coming years.
Editor's Note: The spelling of Michael Saylor's name has been corrected in the headline. Financial market commentator Peter Schiff on Tuesday criticized Michael Saylor's comparison of MicroStrategy Inc.‘s (NASDAQ:MSTR) debt-financed Bitcoin (CRYPTO: BTC) buying strategy to Manhattan real estate.
For the third time this year, the United States Federal Reserve, led by Jerome Powell, has implemented its third interest rate cut. Amid the disclosed relative health of the US economy, the Federal Reserve Chairman hinted that the risks to achieving employment and inflation goals appear balanced.
Bitcoin investors realized profits as BTC price hit new all-time highs throughout November. Now that the metric has reset, new highs could be in store.
As the world of digital payments evolves, crypto payments and stablecoins are emerging as twin engines driving innovation in consumer and business transactions across both Main Street and Wall Street. For consumers, the allure of cryptocurrencies lies in their ability to bypass traditional financial systems, providing faster, cheaper and more autonomous transactions.
Bitcoin continues its bullish ascent, surpassing key resistance levels and setting its sights on a significant target of $130,000. Analysts highlight a combination of technical indicators and shifting market sentiment as drivers of this potential rally.
The price of bitcoin, already lower from yesterday, dipped below $104,000 in the minutes following the announcement.
The Federal Reserve cut rates by 25 basis points as expected, but Fed Chair Jerome Powell's hawkish press conference
MicroStrategy Inc. (NASDAQ:MSTR) is doubling down on its strategy to maximize shareholder value through what Saylor calls “intelligent leverage.” The software-turned-Bitcoin (CRYPTO: BTC) proxy firm has become a major player in the cryptocurrency market, attracting significant investor attention due to its bold approach to Bitcoin accumulation.
The chief investment officer of crypto asset management firm Bitwise predicts Bitcoin will surge well beyond $200,000 if the US ever launches a BTC strategic reserve.
The U.S. Federal Reserve has decided to cut the benchmark interest rate by 25 basis points, which is in line with analysts' expectations.
Bitwise CIO Matt Hougan said he saw the odds of a bitcoin reserve becoming reality at about 50%, while the implications for the price would be huge.
Ohio proposes the Ohio Bitcoin Reserve Act to hedge against dollar devaluation by investing in Bitcoin as a state reserve asset. The post Ohio lawmaker pushes for state-backed Bitcoin reserve appeared first on Crypto Briefing.