Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
The U.S. central bank has indicated it will begin cutting the fed funds rate at its mid-September meeting, but the size and speed of the…
Category: News
Fed Chair Jerome Powell Expected to Set Stage for September Rate Cut
Bitcoin remains nearly 20% below its all-time high, while U.S. stocks and gold are at or within close shouting distance of record levels. More than…
NYSE Scrubs Plan to List Bitcoin ETF Options
Other exchanges have also withdrawn their applications, but some have re-filed. The operator of the New York Stock Exchange has withdrawn its application to list…
FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge
The order doesn’t include civil penalties but bans FTX and its sister concern, Alameda, formerly a heavyweight crypto market maker, from trading digital assets and…
Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos
Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market. Bitcoin (BTC) reversed losses in…
Bitcoin’s Future Could be Tied to the Outcome of the U.S. Election: Jefferies
Trump’s policy shift towards crypto is very recent, but it may impact the price of bitcoin in the near term depending on who wins the…
Bitcoin Plunges to $64K as U.S. Tech Rout Hits Crypto, Leads to $250M Long Bets Being Liquidated
BTC nosedived from over $65,500 to $64,100 within minutes in the early hours of Thursday as Asian markets suffered. Bitcoin (BTC) nosedived over 3% at the start…
Bitcoin, SHIB Trade at 30% Haircut on WazirX as Exploiter Converts Stolen Loot to Ether
The exchange blamed a data discrepancy with a custodial platform for having caused the transfer of assets. But popular members of the Indian crypto community…
Bitcoin Dips Below $63K as Mt. Gox Moves $2.8B BTC to Internal Wallets
One observer said the movement of coins was likely a part of the exchange’s creditor reimbursement plan. Bitcoin (BTC) faced renewed selling pressure on Tuesday after blockchain…
Bitcoin Retakes $62K as ‘Trump Trades’ Back In Vogue After Weekend Attack
The weekend attack on pro-crypto presidential candidate Trump should galvanize bids for cryptocurrencies, one observer said. Assets linked to U.S. Republican candidate Donald Trump’s probability…