The Bitcoin market demonstrated resilience on Thursday, recovering some of its losses from the previous day’s decline. Prices stabilized near the $100,000 level, with a notable rebound of approximately $2,000, suggesting a strong underlying demand for the cryptocurrency. The most famous cryptocurrency traded at $102,300 earlier on Thursday, before sliding …
Read More »Bitcoin Retreats as Fed’s Hawkish Stance and Powell’s Comments Weigh on Sentiment
Bitcoin extended its decline on Thursday, retreating 2.6% to $101,153.0 by 01:08 ET (06:09 GMT), as the U.S. Federal Reserve’s hawkish tone dampened risk appetite. The cryptocurrency briefly dipped below the $100,000 mark during the session, marking a sharp pullback from its all-time high of $108,244.9 reached earlier this week. …
Read More »Bitcoin A Little Below Record Price, Institutional Demand Surges
Bitcoin’s meteoric rise to a new all-time high of $107,793 this week has been fueled by a surge in institutional adoption. The most famous cryptocurrency is trading at $106,575 at the time of writing Corporate Appetite for BitcoinMicroStrategy’s Massive Purchase:Michael Saylor’s MicroStrategy has once again demonstrated its commitment to Bitcoin, …
Read More »Bitcoin Hits Record High Amid Optimism on Strategic Reserve, But Challenges Loom
Bitcoin extended its recent rally on Tuesday, briefly reaching a fresh all-time high as investor sentiment remained buoyed by hopes of pro-crypto policies under incoming U.S. President Donald Trump. The surge comes as Trump floated the idea of establishing a Strategic Bitcoin Reserve—a move that has sparked both enthusiasm and …
Read More »Tech Year-End Rally Powers Markets Amid Fed Rate Cut Expectations
The stock market saw a year-end rally for tech companies and other fast-growing businesses, with the tech-heavy Nasdaq Composite up more than 1% in recent trading. Broadcom’s revenue surge and dividend increase last week added to the momentum for tech stocks. A rebound in bond yields has helped drag on …
Read More »Bitcoin Hits Record High Amid Speculation on U.S. Crypto Reserve and Pro-Crypto Sentiment
Bitcoin surged to an unprecedented high above $106,000 on Monday, fueled by optimism surrounding a potentially favorable regulatory environment under President-elect Donald Trump. His comments about creating a U.S. strategic bitcoin reserve—akin to the nation’s oil reserves—further bolstered market enthusiasm for cryptocurrencies. Key Highlights: Bitcoin Price Surge: Bitcoin reached a …
Read More »Weekly Recap: Central banks on the move
Last Monday, the Nasdaq index temporarily surpassed the 20,000-point mark, setting a new record. Strong economic growth, increasing corporate profits, moderate inflation, and the beginning of central banks easing their monetary policies have all contributed to the stock market’s successful performance this year. However, some uncertainties remain about the future …
Read More »Pro-Crypto US Politician Appointed Chairman of House’s Financial Services Committee
The House Financial Services Committee’s new chairman, French Hill, was chosen by Republicans. Hill is an advocate for cryptocurrency and led the FIT21 bill to regulate it. Chair Patrick McHenry is retiring, and French Hill will take over. Pro-crypto members of the Republican Party Patrick McHenry, who is retiring, will …
Read More »Bitcoin Declines Ahead of Fed Rate Decision; ETFs See Continued Inflows
Bitcoin retreated slightly on Friday, easing from recent highs as traders became cautious ahead of the Federal Reserve’s upcoming interest rate decision. Despite a rally spurred by President-elect Donald Trump’s pro-crypto remarks, the lack of concrete policy cues limited further momentum. Key Bitcoin Market Updates Price Movement: Bitcoin fell 0.7% …
Read More »Bitcoin Rises Above $100,000 Amid Rate Cut Expectations and Improved Risk Sentiment
Bitcoin extended its recovery on Thursday, breaking out of its recent trading range and recouping losses from the past week. Positive sentiment across markets was bolstered by U.S. inflation data in line with expectations, fueling optimism for a Federal Reserve rate cut in December. Key Highlights Bitcoin Surges Past $100,000 …
Read More »