Bitcoin Soars to $104.7K as Fed FOMC Decision Matches Market Forecasts
Bitcoin’s price experienced an upward surge following the Federal Open Market Committee’s (FOMC) decision to maintain interest rates within the 4.25% to 4.5% range, aligning with market expectations. While Federal Reserve Chair Jerome Powell acknowledged that inflation remains “somewhat elevated,” the central bank opted for a cautious stance, keeping its future policy options open as […]
Tesla Reports $600M Bitcoin Profit in Q4 Under New Accounting Rule
Tesla saw a significant boost to its fourth-quarter earnings, reporting a $600 million gain from its Bitcoin holdings, thanks to updated accounting standards that now allow companies to reflect the market value of digital assets in their financial statements. In its Q4 2024 earnings report released on Jan. 29, Tesla revealed that its Bitcoin stash […]
Fed Chair Urges Congress to Act on Crypto Regulations
Federal Reserve Chair Jerome Powell addressed concerns about cryptocurrency regulation following the central bank’s decision to keep interest rates unchanged in the United States. During a press conference on January 29, after the Federal Open Market Committee (FOMC) meeting, Powell stated that banks were permitted to serve crypto-related clients as long as they appropriately managed […]
