Major cryptoassets including bitcoin (BTC) and ethereum (ETH) trimmed some of their losses from the aftermath of yesterday’s US Federal Reserve statement, with prices rising during the European trading hours on Thursday. Meanwhile, the US dollar extended a rally from earlier, breaking through key resistance levels on the way up….Read More: Crypto Markets Trim Losses, US Dollar Rises as Traders Digest Fed Statement…
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A crisis is brewing. As we type these words, Russia is conducting military exercises along its border with Ukraine, while the United States has put some 8,500 of its own troops on alert, just in case an eastern European war erupts. …Read More: Here’s How the Ukraine Crisis Might Impact Bitcoin and the Crypto Market…
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Bitcoin price started a fresh decline after it failed to stay above USD 38,000. BTC declined below USD 36,500, but it managed to stay above USD 35,000. It is currently (11:55 UTC) moving higher above USD 36,700. Similarly, most major altcoins are trading above key support levels. ETH found support near USD 2,350 and recovered above USD 2,400.
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US-based software developer MicroStrategy CEO Michael Saylor has once again questioned the regulatory status of ethereum (ETH), arguing that it can be best classified as digital security. On the other hand, he insisted that there is no doubt that bitcoin (BTC) is a digital property, and thus not subject to regulatory headaches….
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Bitcoin price attempted a close above the USD 38,000 resistance zone. BTC failed to gain strength after the Fed statements, resulting in a fresh decline below the USD 37,000 level. It is currently (04:17 UTC) trading below USD 36,000 and showing bearish signs. Similarly, most major altcoins started a fresh decline.
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The Bitcoin (BTC) network’s hashrate – or computing power that goes into mining new coins – could reach 327 EH/s by the end of the year, a research note from the crypto-focused financial services firm BitOoda has predicted, after the firm cut an earlier forecast for the year….Read More: Analysts See Slower Bitcoin Hashrate Growth in 2022 Amid Market Correction…
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The Federal Reserve says it still plans to raise interest rates starting in March, when it will also wind down its pandemic stimulus program….
Continue reading on https://decrypt.co/91299/bitcoin-briefly-spikes-fed-announcement-before-traders-realize-nothing-changed
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The central bank last week said that Bitcoin mining should be banned. But President Putin seems to think Russia could do well mining the cryptocurrency….
Continue reading on https://decrypt.co/91269/vladimir-putin-russia-bitcoin-mining
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The two largest cryptoassets bitcoin (BTC) and ethereum (ETH) rose in the market today, as a sense of relief sent nearly all risk assets higher ahead of the US Federal Reserve’s FOMC statement later today. At 17:34 UTC, BTC was up almost 3% for the past 24 hours to a price of USD 38,268, while ETH was up over 6%, trading at USD 2,622….
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Ark Investment Management, the fund led by the well-known technology investor Cathie Wood, has revealed just how bullish they are on bitcoin (BTC), ethereum (ETH), and Web3 more broadly – while laying out their case for how BTC could reach a price of more than USD 1m in the next decade….
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