Bitcoin struggled to maintain its value above $85,000 on March 14, with concerns rising over its recent drop from $90,000. Despite a 1.9% gain in the S&P 500, traders are uncertain about the future of the bull Market. The Bitcoin basis rate has rebounded, indicating some resilience, although it remains in a neutral zone. The ...
The Czech National Bank (CNB) has taken a pioneering step as the first central bank in Europe to consider adding cryptocurrency to its reserve assets. The bank plans to explore investing in Bitcoin through a test portfolio to understand this highly volatile asset better. Despite the potential risks, CNB governor Ales Michl believes that cryptocurrency ...
A recent Fidelity research report suggests that 2025 might see central banks and governments worldwide beginning to purchase Bitcoin. This shift could result in massive investments in the cryptocurrency, possibly even surpassing those from spot Bitcoin ETFs. The U.S. government is considering a strategic Bitcoin reserve, potentially acquiring up to one million Bitcoins, significantly impacting ...
A recent report from Fidelity suggests that 2025 may mark a turning point for Bitcoin as central banks and governments worldwide, including the U.S., might start purchasing significant amounts of the cryptocurrency. This shift could lead to a substantial influx of cash into Bitcoin, potentially even surpassing investments made via spot Bitcoin ETFs. The U.S. ...
The head of the Czech National Bank, Aleš Michl, plans to propose investing billions of euros into bitcoin, potentially making it the first major Western central bank to hold cryptocurrency. Michl aims to diversify the bank’s €140 billion reserves by allocating up to 5 percent to bitcoin, despite acknowledging its high volatility. He believes this ...
A recent Fidelity report suggests that in 2025, more governments and central banks will likely invest in bitcoin. While some countries already possess bitcoin, their holdings often originate from government seizures and cannot be officially included in their treasuries. Fidelity’s Matt Hogan believes that with rising threats like inflation, nations might see not investing in ...
A new report from Fidelity suggests that in 2025, more governments and central banks are likely to invest in Bitcoin. While some countries already own Bitcoin, it often comes from legal seizures rather than strategic purchases. Fidelity’s Matt Hogan believes that as issues like inflation and currency devaluation grow, countries will see investing in Bitcoin ...
In early 2025, the financial landscape is shifting as major central banks prepare for a new cycle of monetary easing. After the U.S. Federal Reserve decreased interest rates last September, China’s People’s Bank of China is now planning similar cuts to stimulate its economy. This move aims to combat the yuan’s deflation and enhance investor ...
In early 2025, central banks, notably the U.S. Federal Reserve and the People’s Bank of China, are shifting towards monetary easing to boost their economies amid growing financial anxieties. The planned rate cuts in China aim to counter the deflation of the yuan and will likely drive more investment into alternative assets like Bitcoin and ...
Oil prices continued to rise on Friday, reaching their highest levels in over two months. This surge is fueled by optimism that global governments might boost economic support, which could enhance fuel demand. Futures climbed to $76.15 a barrel, while U.S. West Texas Intermediate crude reached $73.38. Both contracts are poised for a second consecutive ...
