As Bitcoin drops, liquidating leveraged long bets along the way, one analyst, in a post on X, thinks this might be a prime opportunity to accumulate, citing historical patterns of pullbacks followed by impressive recoveries. The analyst shared a chart indicating that Bitcoin is within historical retracement ranges. Whenever this happens, prices tend to bounce back sharply, […]
Custodia Bank has officially expressed its desire to appeal the US District Court ruling in Wyoming, which supported the decision of the Federal Reserve Bank of Kansas City (FRBKC) to deny the crypto bank a master account. This move is part of Custodia’s continued efforts to secure direct access to the Kansas City Fed’s payment […]
The cryptocurrency market experienced a sudden and sharp downturn on Friday, April 12, which saw the Bitcoin price and the value of other large-cap assets take severe hits. The price of Bitcoin, which has been mostly moving sideways over the past few days, fell below the $67,000 mark for the first time in more than […]
Bitcoin, the largest cryptocurrency asset could see a significant rise in the coming months as Mike Novogratz, the Chief Executive Officer (CEO) of Galaxy Digital foresees BTC to benefit substantially from the anticipated Federal Reserve cut rates this year. Fed Cut Rate, A Great Set Up For Bitcoin The Federal Reserve has been indicating since […]
A United States judge has ruled against Custodia Bank’s claim to membership and a master account with the Federal Reserve. The digital asset bank had initially sued the Fed in 2022 for delaying a decision on whether or not to grant the bank a master account. Interestingly, the Federal Reserve rejected the bank’s membership and […]
The Bitcoin price remained under pressure on February 1, hours after the United States Federal Reserve (Fed) held interest rates steady on January 31. The dip in the world’s most valuable cryptocurrency is unexpected. Recent data suggests that analysts expect the central bank to drastically chop interest rates from their multi-year high, which will likely […]
In an announcement today, the Federal Reserve has decided to uphold its benchmark interest rate, extending a trend of stability that has persisted through three multipl meetings. The central bank has opted for continuity, maintaining the status quo and refraining from any alterations to interest rates during this period. Bitcoin experienced a nearly 5% surge, […]
Bitcoin (BTC) rallied over 10% in the past week, extending gains and reaching levels not seen since the Terra collapse in May 2022. This surge is attributed to increased institutional activity, particularly in the United States. Average Bitcoin Trade Size Rising In U.S. Exchanges According to Kaiko data on December 5, the average trade size on United […]
The United States Federal Reserve’s decision has been on the radar of crypto investors given how the outcome has often affected the Bitcoin price. As usual, expectations were presented for the outcome depending on what direction the Fed chose to go in in its bid to curb inflation. In the end, the Fed’s decision to […]