Crypto Set to Surge if Fed Reduces Rate by 50 Basis Points, Claims Hedge Fund Chief
A significant interest rate reduction by the U.S. Federal Reserve could benefit risk assets and the crypto market, contrary to some bearish predictions, according to the leader of a prominent crypto hedge fund. Joe McCann, the founder and CEO of Asymmetric, shared that the chances of a 25 or 50 basis point rate cut were […]
Trump Remains Quiet on World Liberty Financial as Team Launches WLFI Token
During a recent event on X, Donald Trump did not address World Liberty Financial — the new cryptocurrency initiative launched by his family — despite initial expectations. Eventually, details about the project’s token were shared by the team. On September 16, Trump participated in a discussion on X Spaces with crypto influencer Farokh Sarmad. This […]
Analysts Predict Bitcoin Volatility Ahead of Upcoming US Interest Rate Decision
Bitcoin faces potential downside pressure ahead of the upcoming U.S. interest rate decision, having recently fallen below the crucial $60,000 support level. Anticipated volatility for Bitcoin may lead to turbulent price movements as the Federal Reserve (Fed) prepares for its next interest rate announcement on September 18. Analysts at Bitfinex have highlighted that the decision […]
Bhutan’s Bitcoin Holdings Double Those of El Salvador, According to Arkham
The small South Asian nation of Bhutan has emerged as a significant Bitcoin holder, reportedly surpassing El Salvador’s cryptocurrency reserves. On September 16, Arkham Intelligence, a blockchain analytics platform, identified a group of wallet addresses holding a total of 13,029 BTC, valued at around $758 million. This revelation marks the first public identification of Bhutan’s […]
Analysts Predict 3-Month Surge for Bitcoin with $92K Target in Sight
After several months of decline, Bitcoin might be gearing up for a significant three-month rally, with some experts forecasting a surge past the $92,000 mark. Analysts suggest that Bitcoin’s price could be on the verge of a substantial rally based on historical patterns observed after previous halvings. Recently, Bitcoin tested a crucial support level on […]
Bitcoin and Ether Drop as Investors Brace for Potential Fed Rate Cuts
Bitcoin (BTC) kicked off the trading week with a 3% decline, dipping below the $58,400 mark. Over the weekend, BTC managed to stay above $60,000, buoyed by positive U.S. economic data that triggered a rally late on Friday. Meanwhile, U.S.-listed Bitcoin exchange-traded funds (ETFs) saw significant interest, with net inflows exceeding $263 million, the highest […]
Gunshots Reported Near Former President Trump – Speculation of Assassination Attempt
Former President Trump has been confirmed as “safe” after gunshots were reportedly heard “in his vicinity.” Steven Cheung, a spokesperson for Trump, released a statement on September 15, stating: “President Trump is safe following gunshots in his vicinity. No further details at this time.” Reports indicate that the former President was playing golf at the […]
Bitcoin Reclaims $60K as Analyst Foresees a Unique Market Shift
Bitcoin has once again surpassed the significant $60,000 mark for the first time since August 30, and growing interest from institutional investors suggests this time might be different, according to a crypto market analyst. On September 13, crypto analyst Rajat Soni shared on X (formerly Twitter), “This time is different.” Soni highlighted that Bitcoin has […]
UK High Court Declares Tether USDT Stablecoin as Property
In a significant move for the digital asset industry, the High Court of Justice in England has officially recognized Tether’s USDT stablecoin as property. This ruling marks an important step as the UK continues to define and solidify property rights for digital tokens. Just a day before, a new bill was presented in the UK […]
MicroStrategy has acquired an additional 18,300 Bitcoin for $1.11 billion.
In a continued demonstration of its unwavering dedication to Bitcoin, MicroStrategy has added another $1.11 billion worth of the cryptocurrency to its reserves. The software intelligence firm, under the leadership of Michael Saylor, remains steadfast in its strategy of accumulating the world’s foremost digital asset. Michael Saylor has long been a vocal proponent of Bitcoin, […]