Yesterday, the Federal Reserve cut interest rates by 25 basis points, leading to a Market downward trend, particularly impacting Bitcoin, which fell 8% but managed to stay above $98,000. Notably, a major Bitcoin whale moved over 72,000 BTC, prompting speculation about a possible Market peak. Analysts are now questioning whether this is just a temporary ...
Yesterday, the Federal Reserve cut interest rates by 25 basis points and suggested fewer cuts next year, leading to a Market drop. Bitcoin fell 8% from its peak, testing liquidity at $98,000 before recovering slightly. Coinciding with this, data showed that a major Bitcoin whale transferred over 72,000 BTC, sparking speculation about a Market top. ...
Bitcoin (BTC) recently experienced a drop to around $96,000 after the Federal Reserve announced fewer anticipated interest rate cuts for 2025. This decline followed a peak of nearly $108,266 earlier in the week. Traders noticed a bearish crossover, where the 50-hour moving average fell below the 200-hour moving average, a pattern that has historically indicated ...
Former U.S. Treasury Secretary Lawrence Summers criticized the idea of a national Bitcoin reserve, calling it “crazy” during an interview on Bloomberg Television. This comes amid rising Bitcoin prices, partially fueled by President-elect Donald Trump’s plan for a crypto-friendly administration that may include a federal Bitcoin stockpile to address national debt and boost the economy. ...
Former U.S. Treasury Secretary Lawrence Summers criticized the idea of a national Bitcoin reserve, calling it “crazy.” This response comes amidst discussions surrounding President-elect Donald Trump’s proposal to build a crypto-friendly administration, including plans to stockpile Bitcoin as a national asset. Proponents, like Senator Cynthia Lummis, suggest a strategic reserve of Bitcoin could help reduce ...
On December 18, 2024, the Federal Reserve’s unexpected announcement to limit interest rate cuts sent shockwaves through Wall Street, causing the CBOE Volatility Index, or VIX, to spike by 74%—marking one of the largest percentage increases in its history. This surge reflected heightened investor fear, with the VIX closing at 27.62, up from around 15. ...
On December 18, a sudden Market panic ensued following a 25 basis point interest rate cut by the Federal Reserve and a hawkish statement from Chair Jerome Powell. Bitcoin experienced a sharp decline, dipping below $100,000, while U.S. equities fell by about 3%. This turmoil also pushed the dollar index to a two-year high. Notably, ...
On December 18, a significant Market panic ensued following a 25 basis point interest rate cut by the Federal Reserve and Chair Jerome Powell’s hawkish comments. This led to Bitcoin briefly falling below $100,000, while U.S. stocks dropped by about 3%, and the dollar index soared to a two-year high. The CBOE Volatility Index, or ...
Cryptocurrency prices experienced a pullback after a significant rise, coinciding with the Federal Reserve’s final meeting of the year, where a rate cut of 25 basis points is expected. As of Wednesday morning, Bitcoin was valued at about $104,170, while XRP, Dogecoin, and Shiba Inu saw declines of over 5%. Recent developments, like President-elect Donald ...
The cryptocurrency Market experienced a 4% decline, dropping to around $3.8 trillion, as traders reacted to the U.S. Federal Reserve’s announcement of fewer rate cuts expected in 2025. Bitcoin fell 2% to approximately $104,600, while major altcoins like XRP, Solana, and Avalanche saw losses exceeding 5%. This sell-off followed a week of strong gains for ...
