The cryptocurrency market is back in the green after several days of doldrums, which Bitcoin (BTC) price used to consolidate the gains and collect more liquidity. Investors also took the opportunity to accumulate more BTC with the dips to the support at $33,000 ahead of the next bull run.
Bitcoin Price Wakes Up Post FOMC
It appears that the decision by the United States Federal Reserve to ...
The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central bank digital currencies (CBDCs) in the nation, officially known as the Swiss franc wCBDC.The pilot project dedicated to wholesale CBDC, named Helvetia Phase III, will test the efficacy of a Swiss Franc wCBDC in settling digital securities transactions. The pilot builds on the findings of the first two ...
The crypto prices today were marked by optimism, seeing a sea of green on Thursday, November 2. Meanwhile, investors are flocking to riskier assets as they eagerly anticipate the Federal Reserve’s upcoming meeting, a potential catalyst for the ongoing crypto rally or a market sentiment dampener.
The Federal Reserve’s recent announcement garnered applause from the market. During Wednesday’s...
Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin, spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds.The Michael Saylor-founded firm added 6,067 Bitcoin (BTC) since the third quarter, including another 155 in October, according to MicroStrategy’s Nov. 1 results filing.
MicroStrategy’s CEO Phong Le said the firm isn’t shying away from its Bit...
The crypto market saw an upsurge in prices following the United States Federal Reserve Open Market Committee (FOMC) decision to maintain interest rate steady in the 5.25% to 5.50% range. Adding on to the positive momentum from the last week of October 2023, Bitcoin BTC price and Solana SOL price were among the highest gainers after Fed Chair Jerome Powell speech after the FOMC meet.
Also R...
Celebrating Bitcoin’s 15th year, Canadian Member of Parliament Joël Lightbound took a moment to honor the Bitcoin journey. On the Parliament floor, he not only voiced his appreciation for the innovative technology but also made it a point to highlight its anonymous creator, Satoshi Nakamoto.
Lighthouse Discloses His Bitcoin Ownership
Beyond expressing admiration, Lightbound disclosed a per...
Bitcoin BTC $34,609 skyrocketed 28.5% in October, its second-best monthly gain of the year behind the 40% rally in January. After the strong showing in October, the next question on investors’ minds is, could the bullish momentum continue and Bitcoin extend its recovery going forward?Bernstein said in a note on Oct. 31 that Bitcoin could rally to $150,000 by 2025. The firm believes that the United States Securities and Exchange Commissio...
Bitcoin (BTC) price is overheating amid calls for a pullback to allow fresh liquidity to enter the market ahead of the next rebound targeting highs above $40,000. The bellwether cryptocurrency has over the last 24 hours lost a tiny bit of its value to trade at $34,370, although it is still up 0.4% in the last seven days, 21% in one month, and 66.6% in the last year, market data by CoinGeck...
Artificial intelligence, more specifically its abbreviation “AI,” was crowned word of the year for 2023 in the Collins dictionary, one of the world’s earliest English-language dictionary publishers.The Collins dictionary defines AI as “the modeling of human mental functions by computer programs.” The dictionary publisher described AI-powered language models as “bursting into the public consciousness” at the end of 2022.It said AI has not on...
The crypto prices today started the month on a positive note, continuing its rally from October. The latest upward momentum in the crypto market has been in line with the “Uptober” sentiment, which is generally witnessed in the digital asset space. Notably, the crypto market fear and greed index stayed at 72, suggesting a “greed” scenario in the market.
Meanwhile, investors are now waiting...
