The Fed chairman said that it will continue with its monetary easing policy through 2023 with no major hikes in interest rates. BTC price gained 6% post Powell’s comments.
Sources familiar with the matter said that the banking giant is willing to offer its wealth management exposure to Bitcoin via some products instead of direct ownership.
Bitcoin and Ethereum have seen quite a bit of volatility over the past few days, particularly over the weekend and on Monday. However, the situation seems to be under control again, as the prices are now stabilizing and the volatility is slowly letting go.
The Twitter hacker was tried and sentenced as a “Youthful Offender,” as he was yet to turn 18 when the hack was perpetrated. This helped him to avoid a minimum 10-year sentence that would have followed if he’d been convicted as an adult.
To remain competitive in a fast-changing environment, Visa has put in place measures to bridge the gap between fiat and cryptocurrencies.
In the last quarter, recent data reveals there has been a record $20 billion inflow into Bitcoin. Furthermore, retail traders have bought more Bitcoin than institutions according to the report by JPMorgan Chase.
As Bitcoin (BTC) consolidates around $56K levels, the Pantera CEO continues his bullish stand for the world’s largest crypto expecting the price to surge $10K every month and hit $115K levels by August this year.
The market cap of Bitcoin has surpassed that of the 3 biggest banks in the world combined as well as the combined value of Visa and Mastercard.
As retail participation in the crypto space grows, the Asian crypto exchange has seen a solid surge in the BTC futures trading volumes. Bybit alone contributes 16% of the total Bitcoin futures open interest across all global exchanges.
Founders of Glassnode disclosed that there was an all-time high record of $500 million in Bitcoin getting liquidated.
Many market analysts predicted a surge of BTC price to $100K and above by the end of this year.
The crypto market still has the potential to climb higher, have a look at the coins that can be your profitable partners for the next weeks and months.
The trend of adopting Bitcoin is set to pick up pace as the cryptocurrency investment ecosystem is still relatively in its infancy.
The new report of a possible crypto ban in India contradicted India’s finance minister Nirmala Sitharaman’s thoughts on the crypto industry.
Bitcoin stands above all the other assets with an average annualized return of 230%.