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There are currently a number of factors that determines what positivity will trail the future of Bitcoin.
The market is doing all it can to stay resilient, and tap from a unique internal crypto-born fundamental to ignite its natural growth trend.
The stock market on the other side of the world has also shown signs of good health despite the aggressive inflationary fight against inflation by the United States Federal Reserve.
The ECB has once again hiked interest rates as energy prices and inflation threaten to soar even further and a recession looms.
There is no assurance that Rishi Sunak will keep a spot on Liz Truss’s cabinet as Kwasi Kwarteng is already considered for the Treasury job.
Ahead of the September meeting of the Federal Open Market Committee (FOMC), the recently released job data will come in handy as one of the determinants of how aggressive the Fed will be in hiking interest rates.
A DC attorney has brought a tax fraud case against MicroStrategy and its co-founder, which could amount to several million dollars.
The rate hike plans in the United States also complement an approach that European Central Bank (ECB) board member, Isabel Schnabel believes will be ideal for the region.
The European markets reacted as the Fed chair cautioned of “some pain” ahead in order to tackle inflation.
Following the Jackson Hole meeting, strong liquidations took place in the crypto market. Bitcoin and altcoins have seen a greater fall last weekend.
Sources familiar with the matter said that Amazon has managed to outbid all other heavyweights and could make an official announcement later today.
Some analysts are highlighting the current hash rate, which is a measure of computational power used to mine bitcoin, as a major indicator for an imminent price surge.
As part of the subpoena, Jack Dorsey will be asked about the impact of bots and spam accounts on Twitter’s business operations.
The recent development of conventional firms thinking big in the crypto industry complies with the president’s smoothening down of regulations and mandates.
After a strong rally in July and part of August, the risk sentiment in crypto has once again turned negative. Expectations of upcoming Fed rate hikes have been putting pressure on the crypto market as a whole.