Bitcoin, in October last year, registered an average closing price of $58,051. It enters the first day of the same month this year with far less value, trading at $19,358 as of this writing, according to tracking from CoinGecko. Bitcoin is currently trading above the $19,000 mark In October, 2021, Bitcoin traded above the $60K […]
Customers of the trading giant Robinhood can now execute external transfers of the Ethereum (ETH) competitor Avalanche (AVAX). Robinhood first launched crypto transfers in and out of its platform in July, adding trading support for AVAX and XRP rival Stellar (XLM) last month and unlocking transfers for Avalanche on Thursday. AVAX is trading at $17.31 […]
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The bill amends ERISA of 1974 to include digital assets under “covered investments,” thereby shielding investment managers from liability.
Bitcoin surged by more than 5% today, but it’s now trading in the red. Its price action is likely correlated with the S&P500 trading at its lowest level since November…
Bitcoin is once again in the news – and this time for positive reasons. After hovering under the 19k mark for so long, the Bitcoin […]
Disney CEO Bob Chapek, back in November 2021, said he’s making the necessary preparations to enable the company to combine its physical and digital assets into the digital realm. In their quarterly earnings call last year, Chapek said that for a long time, the company has always been at the forefront of adopting emerging technologies […]
Edward Snowden is now a legal inhabitant of Russia, courtesy of Russian President Vladimir Putin who signed a decree Monday granting the former National Security Agency intelligence contractor – and whistleblower – full citizenship. Related Reading: Bitcoin Down Under: Australia Bags 4th Spot In Global Crypto Adoption – Survey What Else Is In It For […]
Following its lowest weekly closing in nearly two years, Bitcoin (BTC) faces a volatile macro environment as the new week gets underway. Septembear The largest […]
The crypto analyst who called the end of the crypto bull market is now predicting big bounces for Bitcoin (BTC) and Ethereum (ETH) challenger Solana (SOL). Popular crypto strategist Pentoshi tells his 612,000 Twitter followers that after nearly a year, he’s no longer extremely bearish on Bitcoin. “Hard to switch bias after being a doomer […]
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The United States Federal Reserve is tightening, and interest rates hike has heavily impacted on the crypto market. Earlier this month, Bloomberg Analyst Mike McGlone McGlone said Bitcoin would outperform traditional stocks as interest rates hike. However, to this point, Bitcoin does not seem to follow Bloomberg’s predicted trend. As a matter of fact, despite Bloomberg’s bullish standpoint, Bitcoin and other cryptocurrencies are still in a crash. For example, BTC and ETH dropped by 2% after the Fed’s announcement and bounced back. BTC is currently trading below $19,000. The Fed’s Federal Open Market Committee (FOMC) manages the economy during inflation and recession by controlling the money supply in the country. The Fed maintains the money supply via quantitative tightening and easing of reserves. As a result, a rise in interest rates triggers volatility in the market. Related Reading: Prepare For Volatility: Data Suggests Bitcoin Gets Chaotic During FOMC Meetings Inflation Would Drop To 2% By 2025, Says Federal Reserve The Federal Reserve revealed its plans to tackle inflation at Thursday’s FOMC. The Fed 75bps interest rate hike is just the tip of the iceberg as it plans to raise the rates as high as 400bps by the end of 2022. In August, the CPI indicated 8.3% YoY inflation, but the Federal Reserve forecasts inflation to come down to 2% by 2025. The Fed Reserve plans to bring inflation down to 5.4% by 2022 and 2.8% by 2023. Reports show that Fed raised this year’s interest benchmark by four times. The current rates are between 2.25% to 2.50%. From the CNBN Fed Survey for September, Fed’s interest hike would remain at the peak rate for 11 months. John Ryding, the Chief economic advisor at Brean Capital, commented in response to the survey. Ryding said the Fed has finally realized the inflation problem is critical. He thinks the Fed’s monetary tightening rate is a ‘positive real policy rate.’ The economist advises Fed to increase the current rate by 5%. The survey reported that among 35 survey respondents, some economists, strategists, and fund managers think Fed might overdo its tightening. Recession Would Hit Global Economy – World Bank The World Bank says recession would hit the global economy because of the war-like monetary policies of the world economy. Svan Henrich, the founder of Northman Trader, thinks interest rates would depend on recession than inflation in the next year. He thinks Jerome Powell, Chairman of the Fed Reserve, emulates Paul Volcker. Henrich further advised Powel to pivot before hitting the 40bps rates target. Paul Volcker is the former Chairman of the U.S Fed Reserves. Related Reading: Bitcoin Dumps After Revisiting June Lows, Where Does The Bottom Lie? Jerome refused to say much about the recession, saying he didn’t know the depth or when the recession would occur. Meanwhile, Fed dismissed all speculations of recession. Everyone awaits the release of the following inflation data in the Consumer Protection Index for September. In addition, the next Federal Open Market Meeting will take place on November 2. Featured image from Pixabay, charts TradingView.com
The prices of cryptocurrencies are depleting over time as the market goes through a bearish cycle. Metaverse projects like Decentraland (MANA) and others have also faced a severe decline, while the “Internet of Blockchains,” Cosmos (ATOM), also keeps up its red run. In such a situation, crypto traders search for some newly rising crypto projects […]
JasmyCoin is a new token that has been gaining attention in the world of digital currencies. It’s the first Japanese blockchain project that provides both…
The post JasmyCoin (JASMY) Price Prediction appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
OKB is a very interesting crypto project. A utility token of one of the biggest crypto exchanges in the world, it has had great price…
The post OKB Price Prediction 2022 – 2030 appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
ETHPoW Price Chart ETHWUSD Rates by TradingView ETHPoW Overview Ethereum Proof Of Work (ETHPoW) Table Prediction ETHPoW Technical Analysis Technical Analysis for ETHWUSD…
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The U.S. Commodity and Future Trading Commission (CFTC) has filed a case against an autonomous decentralized organization (DAO) protocol, bZeroX, and its founders, Tom Bean and Kyle Kistner, for operating illegal activities. The Commission also penalized the platform for $250,000 and ordered it to be ceased and desist from the industry. As per the CFTC’s […]