Articles for tag: Bitcoin, Cryptocurrency market, economic outlook, Federal Reserve, investor confidence, monetary policy, U.S. inflation

March 13, 2025

Bitcoin Price Soars as U.S. Inflation Declines to 2.8% in February, Sparking Increased Market Optimism and Investor Confidence

Bitcoin’s price rose above $84,000 on Wednesday, driven by new U.S. inflation data showing a lower-than-expected rise of 2.8% in February. This eased concerns over the Federal Reserve’s potential rate hikes. The report revealed that core inflation increased by 3.1%, slightly down from January’s 3.3%. Overall, the positive data boosted investor confidence, leading to gains ...

March 13, 2025

Market News

Crypto

Europeans Largely Uninterested in Digital Euro, ECB Study Highlights Public Sentiments on New Currency Initiative

European consumers are largely uninterested in adopting a central bank digital currency (CBDC) like the proposed digital euro, according to a recent European Central Bank (ECB) study. The survey of nearly 19,000 people across 11 euro-area countries found that most prefer traditional payment methods and see no significant advantage in switching to a digital euro. ...

March 11, 2025

Market News

Crypto

Bitcoin Faces $70K Retracement Amid Macro Correction: Analysts Weigh In on Bull Market Trends and Future Prospects.

Bitcoin’s recent drop to around $80,708, following a 14% decline, raises concerns among investors about a potential bear Market. Analysts suggest this may just be a normal correction within a broader bull Market. Aurelie Barthere from Nansen believes BTC might retrace to the $71,000-$72,000 range, which could stabilize the Market for a healthier recovery. Arthur ...

March 11, 2025

Market News

Crypto

GOP Lawmakers Emmer and Steil Propose Bill to Ban Central Bank Digital Currency

U.S. House Majority Whip Tom Emmer and Rep. Bryan Steil are leading a group of nearly 100 Republicans to introduce new legislation aimed at banning central bank digital currency (CBDC) in the United States. They argue that a government-issued CBDC could lead to unwanted surveillance and threaten Americans’ privacy rights. Emmer emphasizes the need for ...

March 2, 2025

Market News

Crypto

Swiss National Bank President Declares Bitcoin Unfit as a Reserve Asset, Says Recent Report on TradingView News

Swiss National Bank President Martin Schlegel has expressed reluctance to adopt Bitcoin as a reserve asset for Switzerland. He cites concerns about Bitcoin’s volatility, liquidity issues, and security risks associated with its software reliance. Schlegel’s stance contrasts with a proposal from the Swiss nonprofit group 2B4CH, aiming to constitutionally require the bank to hold Bitcoin. ...

February 21, 2025

Market News

Crypto

Unlocking Business Growth: Insights from Mark Dillon, Solutions Marketing Director on Innovative Strategies and Market Trends.

Central Bank Digital Currencies (CBDCs) are gaining traction as central banks explore new ways to issue digital money. Unlike traditional banks, individuals can’t open accounts at central banks, but CBDCs could change that by offering a digital form of cash. These currencies aim to replicate the benefits of cash, such as privacy and instant transactions, ...

January 30, 2025

Market News

Crypto

Bitcoin Surges to $100K as Fed Maintains Steady Rates and Powell Cautiously Discusses Future Cuts

The Federal Reserve has decided to keep interest rates steady at 4.25% to 4.50%, with Chairman Jerome Powell indicating that future changes will depend on data related to the economy and inflation. Following this announcement, Bitcoin saw a slight dip of 1%, trading just under $102,000, remaining above the $100,000 mark. Earlier in the week, ...

January 17, 2025

Market News

Crypto

Update on Digital Euro Holding Limits: Insights into Progress and Implications for Users and Financial Institutions

The European Central Bank (ECB) is currently developing a holding limit for the digital euro, with the exact amount dependent on economic conditions at its launch. Initially, a limit of €3,000 was suggested, but this has sparked debate among member states and banks. Some countries fear high limits could disrupt the banking system, while banks ...

January 6, 2025

Market News

Crypto

Bitcoin Soars as China’s Monetary Easing Drives Massive Rally in Cryptocurrency Market

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 ...

January 1, 2025

Market News

Crypto

Could Bitcoin Surge to $500,000? Insights from Macro Guru Luke Gromen on the Triggering Catalyst

Investor Luke Gromen suggests that the US may be shifting its policy to weaken the dollar, which could significantly impact Bitcoin prices. He believes this is part of a strategy to bolster the US defense industrial base, especially after recent challenges faced in international conflicts. Gromen predicts that the government will turn to printing more ...