Grayscale research suggests that the Federal Reserve's recent interest rate hike will likely have little impact on the price of bitcoin, viewing the move as a mid-cycle adjustment rather than a cyclical change.
Bitcoin prices stabilized after an expected Federal Reserve rate hike by the U.S. central bank, lifting the benchmark rate to between 3.75% and 4% amid ongoing inflation concerns.
Bitcoin dropped over 2% to trade near $77,208 following renewed military clashes between the United States and Iran that pushed oil prices above $105 per barrel.
Bitcoin fell below $80,000 following an unexpectedly strong U.S. jobs report, which heightened concerns about potential Federal Reserve interest rate hikes and impacted the cryptocurrency market.
Bitcoin dropped over 2% to trade at $77,363 as escalating military conflicts between the United States and Iran prompted a risk-off investor stance and rising oil prices.
Bitcoin approached the $81,000 threshold, extending its weekly gains to 10 percent ahead of Federal Reserve Chair Kevin Warsh's keynote address at the Jackson Hole symposium.
Gen Z is increasingly favoring Bitcoin over traditional housing for wealth building, as high affordability barriers lead young buyers to utilize crypto as collateral for down payments instead of long-term mortgages.
T. Rowe Price digital assets head Blue Macellari discusses the bond vigilantes, U.S. debt comparisons, and why bitcoin has become central to the currency debasement debate among institutional investors.
Miller Value Partners CEO Bill Miller IV explains why he is more bullish on Bitcoin than ever, citing a worsening global economic landscape and a widening fair value gap compared to the previous cycle.
A recent report reveals that European Central Bank President Christine Lagarde intervened to block Binance from expanding its operations into the European Union, citing concerns over past financial crimes and dollar-dominated stablecoins.
Following the legislative setback of the Clarity Act, the CFTC submitted a new crypto proposal to the White House to oversee digital asset transactions and markets independently.