Bitcoin and Crypto Turn Jittery on Fed Chair’s Interest Rate Cut Comments
Bitcoin price recovered quickly after a dip to $61,500 following Fed Chairman Jerome Powell’s comments about keeping interest rates unchanged.
Bitcoin price recovered quickly after a dip to $61,500 following Fed Chairman Jerome Powell’s comments about keeping interest rates unchanged.
The positive sentiment is driven by the world’s largest assets manager firm BlackRock recently announcing its tokenized fund targeting Ethereum’s BUIDL products.
Grayscale’s BTC holding was down to 361.79K, from 624.28K Bitcoins it held by January 11, before ETF conversion.
With the Fed opting for a steady course, the immediate impact on Bitcoin and other cryptocurrencies was mixed, reflecting the complex interplay between macroeconomic policies and digital asset valuations.
Dimon expressed his well-known skepticism about Bitcoin, highlighting its uncertain use cases and involvement in illegal activities.
Bitcoin and crypto rally to new highs as Bank of Japan spurs uncertainty with the possibility of interest rate hikes this month.
The move by Ark Invest and 21Shares to integrate with the Chainlink network will help level up transparency and confidence in ARKB.
According to the official, the use of dollar stablecoins in the decentralized finance sector is good because it strengthens the USD.
A little-noticed SEC filing from Morgan Stanley has the potential to shake up trillions of dollars in ETF and mutual fund assets.
A UBS strategist says that both gold and Bitcoin will benefit from the Fed when the agency decides to cut interest rates.