The market price of bitcoin stayed pretty much flat for most of the first week in April. But as the U.S. Federal Reserve signaled higher and faster interest rate hikes, and quantitative tightening of its $9 trillion balance sheet, the general market took a turn downwards, and bitcoin (BTC) went down with it as the…
Bill Dudley, former president of the Federal Reserve Bank in NY and chief economist at Goldman Sachs, believes that “to be effective, [the Federal Reserve] will have to inflict more losses on stock and bond investors than it has so far.” Why the Fed may push down tech and crypto The Fed’s tools to push…
Despite dipping below $41,000, Anthony Scaramuucci, the founder of SkyBridge Capital, a 17-year-old “alternative assets” investment firm, still believes the price of Bitcoin will hit $500,000 per coin. In a recent interview with Financial Review, he described why this has caused his firm to pivot into digital assets in 2021. SkyBridge now offers a digital…
Continued global unrest may be crucial in a sell-off affecting both stocks and crypto. Several factors at play are causing uncertainty in the markets, which has been a driving factor in pullbacks since 2020. Investors historically move away from risk-on assets such as tech and crypto whenever the road forward is unclear. Today, Bloomberg is…
MicroStrategy’s spree of adding bitcoin to its balance sheet continues without rest. Announced in a tweet by the company CEO Michael Saylor, the IT-services company bought another 4,167 bitcoin (BTC). As reported by CryptoSlate on March 30, the purchase was expected after MicroStrategy announced the company had borrowed $205 million to buy more bitcoin. Aside…
Bitcoin dropped $2,000 from $47,500 to $45,500 in four hours after news broke that the EU is set to cripple innovation in the blockchain space. Today, the European Parliament voted in favor of outlawing ‘unhosted wallets’ within the European Union. Unhosted wallets According to their terminology, an unhosted wallet is a non-custodial wallet managed entirely…
Long-term hodler have kept accumulating Bitcoin during the whole of the first quarter of 2022, and they are a big reason behind the bull run of the past week. According to data from IntoTheBlock, as bitcoin surpasses $48,000 again, the balance held by hodlers, addresses holding bitcoin for more than a year, is currently at an…
Bitcoin has just pumped to its highest level since January 4 to create a weekly close above $45,500 for the first time in 2022. The move is a bullish sign as BTC breaks the $44,500 resistance that has seen a rejection three times already this year. Source: BTCUSD on TradingView The breakout potentially validates the…
The first Metaverse as a Service (MaaS) has been announced on the Zilliqa network. Named, Metropolis, the newly announced metaverse project will be supported by an IRL early access event in Miami on April 2. The price of ZIL broke $0.12 Sunday morning from a low of $0.43 just the day before. This marks a…
After enduring a rocky start to the year, Bitcoin’s price in recent weeks has made a startling resurgence which has culminated in the value of the asset reaching as high as $44.9k in the early trading hours of today. Since the asset climbed above the $40k level around last week, it has steadily maintained the…