Market analysts believe Bitcoin could hit a new all-time high of $110,000 soon, driven by easing inflation and increased global liquidity. Recently, Bitcoin has shown positive momentum, closing above $86,000. Arthur Hayes, co-founder of BitMEX, suggests that the Federal Reserve’s shift from tightening to easing monetary policy is a key factor in this potential price ...
As Bitcoin (BTC) attempts to bounce back from its recent decline, all eyes are on the Federal Reserve’s upcoming rate decision. Analysts are hopeful that the Fed will announce an end to its quantitative tightening program, which could positively impact the Market. The Fed’s decision is expected at 18:00 UTC, followed by a press conference ...
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 ...
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. ...
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 ...
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 ...
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. ...
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, ...
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, ...
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 ...
