Bitcoin

Yesterday in the wake of the FOMC meeting, the Federal Reserve signaled a hawkish turn. Asset purchases will be tapered at twice the speed, and the Fed is now anticipating three rate hikes next year. So why, in the wake of all that, are risk assets going up, and five-year inflation expectations climbing? Source link

Inflation concerns and a general sense of trepidation about the future of the global economy continue to put a damper on Bitcoin (BTC) and altcoin prices, and currently, the Crypto Fear & Greed Index is solidly in the “fear” zone where it has been parked since the beginning of December.  Crypto Fear & Greed Index. Source: Alternative Despite the brief bump in prices seen across the markets following the recent Federal Open Market Committee meeting where Fed Chair Jerome Powell indicated… Source link

Price momentum is starting to turn positive on the daily chart for the first time since October, which preceded a price recovery. This time, however, the uptrend is slowing on the weekly chart, which means upside could be limited beyond $55,000 to $60,000. Source link

Text size Dreamstime.com Bitcoin was ahead 2% to $48,200 on Thursday, while … Source link

The Federal Reserve’s surprisingly hawkish policy turn has had a surprise beneficiary: Cryptocurrencies. Digital coins extended gains on Thursday after the Fed stepped up its taper, and laid the foundation for a tightening cycle that could bring as many as three rate hikes in 2022. Normally, cryptocurrency benefits from loose monetary policy and its inflationary side-effects; but at least for now, investors are taking the longer view. Bitcoin (BTC-USD), barely a week removed from an ugly… Source link

Fed tightening is bad news for bitcoin, Stifel’s Barry Bannister said on Tuesday. He warned that the crypto could fall to as low as $12,000. It currently sits around $47,600. He said gold is better-positioned right now. One big argument that proponents of bitcoin make in favor of the cryptocurrency is that, with its finite supply, it’s an alternative to… Source link

As crypto investors widely know, China has declared all cryptocurrency transactions illegal and outlawed crypto mining activities. Lately, a court decision further reasserted the government’s attitude to stifle any bitcoin mining activity possible. On December 15, the court of Beijing’s Chaoyang District heard a contract dispute over delayed returns from bitcoin mining and ruled that the service contract was “void”, according to a notice from the court. The… Source link

Let’s take a stroll through the future of money. Getty … Source link

Bitcoin (BTC) sought cues from the United States Federal Reserve on Dec. 14 as markets waited anxiously for news on policy.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC higher lows remain safe Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing in a range around $47,000 as Wall St. opened on Dec. 15. The pair had hit local highs of $48,785 on Bitstamp overnight but was down 3% at the time of writing ahead of a key Fed meeting. The Federal Open… Source link

Bitcoin (BTC) is back in fashion for regular investors at $48,000 as data confirms the biggest buying spree since March 2020. In a tweet on Dec. 14, statistician Willy Woo eyed a key trend that had previously been absent from the Bitcoin market for over 18 months. Retail adds BTC like it’s March 2020 After crashing to $3,600 in March 2020, BTC/USD was a hot pick for those able and willing to invest — and now, that phenomenon is back. The changes in balances for wallets holding 1 BTC or less… Source link