Cryptocurrency

Bitcoin Retreats After Fed-Driven RallyBitcoin fell on Monday, giving back gains sparked by Federal Reserve Chair Jerome Powell’s dovish comments last week. The world’s largest cryptocurrency was last down 2.1% at $112,550.5 as of 01:27 ET (05:27 GMT), slipping to its lowest levels in more than six weeks. The token …

Bitcoin’s recent price action has been a test of patience, as the asset appears stuck in a tight trading range. This period of consolidation, however, is not deterring a new wave of corporate adopters who are placing significant bets on the long-term value of the cryptocurrency. This divergence between a …

Bitcoin’s remarkable rally, which saw it surge to a new all-time high of $124,517 on August 14th, has hit a wall. In the days since, the price has corrected sharply, falling to $116,263 as of late Monday, a 7.6% drop from its peak. This significant price movement underscores a simple …

Throughout the last trading week, US dollar was a net loser amid improvement in risk appetite, increasing expectations of a rate cut by the Fed in September meeting, relative stability in prices, and fears of intervention in Fed’s policies. Although Trump-Putin summit in Alaska didn’t reach a peace deal in …

Bitcoin retreated on Friday, reversing from record highs above $124,000 as stronger-than-expected U.S. producer price data cooled expectations for aggressive Federal Reserve rate cuts next month. The world’s largest cryptocurrency fell 2.2% to $119,112.5 as of 02:04 ET (06:04 GMT), after touching an all-time high of $124,436.8 in the previous …

Bitcoin surged to a record on Thursday, fueled by growing expectations of a September Federal Reserve interest rate cut and increased corporate buying. The world’s largest cryptocurrency briefly touched $124,436.8 before easing slightly to $123,164.1, up 3.2% by 00:47 ET (04:47 GMT). Corporate Interest and Rate Cut Optimism Drive BitcoinBitcoin’s …

The financial world is undergoing a seismic shift, with digital assets like Bitcoin and Ethereum evolving from niche technologies to integral components of institutional investment portfolios. This transformation is not a fleeting trend but a fundamental re-evaluation of value and risk, driven by a confluence of macroeconomic factors and market …

Ether surged sharply on Wednesday, approaching record highs amid growing corporate accumulation, mirroring strategies previously seen in Bitcoin. The world’s second-largest cryptocurrency rose as much as 8.5% to $4,683.0, nearing its $4,861 all-time high from November 2021. Corporate Ether AccumulationSeveral U.S.-listed firms announced plans to boost their Ether holdings this …

Bitcoin experienced a sharp decline on Tuesday, reversing much of its weekend gains as risk appetite waned in anticipation of key U.S. inflation data. The drop in Bitcoin prices largely offset optimism stemming from favorable regulatory developments in the United States. Bitcoin fell 2.8% to $118,630.4 by 01:31 ET (05:31 …

Bitcoin extended its strong rebound on Monday, climbing 3.4% to $122,084.1 by 01:00 ET (05:00 GMT), staying within reach of its mid-July record high of over $123,000. The surge follows significant momentum from the latter part of last week, fueled by U.S. President Donald Trump’s executive order, which allowed retirement …