Bitcoin

The king of cryptocurrency, Bitcoin [BTC], suffered a massive plunge in its price in June when the crypto market crashed, marking 2022 lowest of $18,154. However, soon after, the coin gained a steady uptrend for the next two months. BTC also managed to cross the $24,000 mark, giving hope for a massive bull run soon. But with recent developments, the situation may witness a change. At the time of writing, BTC was trading below the $24,000 mark, at $23,491, with a market… Source link

The king of cryptocurrency, Bitcoin [BTC], suffered a massive plunge in its price in June when the crypto market crashed, marking 2022 lowest of $18,154. However, soon after, the coin gained a steady uptrend for the next two months. BTC also managed to cross the $24,000 mark, giving hope for a massive bull run soon. But with recent developments, the situation may witness a change. At the time of writing, BTC was trading below the $24,000 mark, at $23,491, with a market… Source link

In macroeconomic news, 250,000 Americans filed initial jobless claims for the week ending Aug. 13, falling short of expectations of 265,000. The four-week average for initial jobless claims dropped 2% to 246,750, falling short of forecasts of 257,000 jobless claims. The unexpectedly strong job figures offer the latest evidence the U.S. economy remains strong, even as other indicators show growth is slowing. Investors have been hoping recent U.S. Federal Reserve hawkishness will lick… Source link

Bitcoin (BTC) briefly broke above $25,000 on Aug. 15, but the excitement lasted less than an hour and was followed by a 5% retrace in the next five hours. The resistance level proved to be tougher than expected but may have given bulls false hope for the upcoming $335 million weekly options expiry. Investors’ fleeting optimism reverted to a sellers’ market on Aug. 17 after BTC dumped and tested the $23,300 support. The negative move took place hours before the release of the Federal Open… Source link

Bitcoin (BTC) long-term holders are knuckling down as a record portion of the BTC supply stays dormant for years. Data from on-chain analytics firm Glassnode confirms that the percentage of the supply now stationary for at least five years is higher than ever. 2017 BTC buyers not this year’s sellers Bitcoin has recovered almost 40% from its macro lows of $17,600 just two months ago, but for the cryptocurrency’s diamond hands, it has been a non-event. Those who purchased BTC in 2017 or earlier… Source link

“The liquidity contraction is still underway. The Fed’s remarks in the minutes of its July meeting indicated that the liquidity contraction may end in 2023, but the timing of the re-addition of liquidity is unknown,” Griffin Ardern, a volatility trader from crypto asset management firm Blofin, said. Source link

Text size Crypto mining companies have seen their stocks soar in the past month. Pictured here is Fred Thiel, Marathon Digital’s chief executive officer. Jordan Vonderhaar/Bloomberg … Source link

This is an opinion editorial by Nozomi Hayase Ph.D., who has a background in psychology and human development. From resistance against war to a social justice movement, activists have been engaged in uncountable hard fights. Their vigorous efforts, rather than bringing positive outcomes, seem to keep them in perpetual struggle. Now, a breakthrough in computer science has created a game changer. Bitcoin, through the empowerment of individuals, has begun to disrupt the world. In this article, I… Source link

This is an opinion editorial by Robert Hall, a content creator and small business owner. Do you dream of retiring someday? You work all day and put in the hard work to grow your business or to do an excellent job for your employer so you can get a promotion and make more money. What are we supposed to do with our paychecks after the bills are paid, food is put on the table and the kids are taken care of? Conventional wisdom tells us that we should save for retirement to enjoy our “golden… Source link

The FOMC boosted the interest rate by a robust 75 basis points in July, part of an ongoing hawkish, monetary campaign to tame inflation, which has hit four-decade highs in recent months. The committee, which meets regularly to set U.S. monetary policy, is widely expected to increase the rate similarly at its September meeting. Source link