The stoppage of the Federal Reserve Bond purchase has been cited as a bold move by many analysts who noted the plan provides a good certainty for growth.
Bitcoin and the broader crypto market bounce back with the Fed keeping the interest rates unchanged. Bitcoin is currently eyeing a move above $50,000.
The current outlook of the stock market indices is very different from the trend observed in the past week where we saw a bullish rally across the board.
As the Federal Reserve starts tapering the stimulus release, the equity and stock market have come under significant pressure. Here’s what market analysts have to say about the Bitcoin price action going ahead.
The price of Bitcoin is still trading low with bears warning about possible losses and Bitcoin’s speculative nature. Regardless, bulls are optimistic.
Six crypto CEOs testified before some members of US Congress over regulation, even as Bitcoin, and Ethereum register some gains.
The Ubisoft Quartz platform will feature its own set of NFT collectible dubbed Digits “playable in AAA games and running on energy-efficient technology”.
The US stock rallied for the second consecutive day as Wall Street investors shrugged off the fears of the Omicron Covid variant. Tech stocks gained heavily on Tuesday.
Amid investors’ close monitoring of the ermerging COVID Omicron variant and oil price increase, European stocks were on the rise early on Monday.
While the big cap stocks are feeling the weight of reality in the broader stock market, the Russell 2000, a benchmark for small-cap stocks, also fell 3.86% in a week.
A major reason for the Bitcoin plunge can be attributed to the prevailing regulatory opposition.
The US stock market recorded an encompassing resurgence on Thursday after investors came to terms with the fact that the discovered Omicron variants are not as deadly as feared.
Digital payments platform Square changed its name to Block as it is expanding its business scope to more crypto-centric endeavors.
While pharmaceutical outfits will be looking at modifying existing COVID-19 vaccine formulas to combat Omicron, the ensuing lockdown is an indication that the world is bound to have a long ride with this new coronavirus variant.
Meta’s recent stock troubles began after Britain’s Competition and Markets Authority (CMA) blocked the acquisition of Giphy, a major GIF platform.