The U.S. Federal Reserve lowered its benchmark fed funds rate by 25 basis points to the 4.25%- 4.50% range, its third consecutive easing move this year and now marking a total of 100 basis points of rate cuts since September. Market participants had fully expected Wednesday's move by the central [...]
Following the U.S. presidential election, crypto’s headwinds have seemingly dissipated. Since early November bitcoin has reached $100K amid regulatory wins such as the nomination of crypto-friendly Paul Atkins to replace Gary Gensler as SEC chair, the naming of crypto advocate David Sacks as the incoming White House “AI and Crypto [...]
Coinbase delisted wBTC "due to the unacceptable risk" that the top bitcoin stand-in on Ethereum "would fall into the hands of Justin Sun," the exchange said Tuesday in response to a lawsuit over its decision. Market observers had previously read between the lines of Coinbase's November nixing of wBTC. At [...]
While Vancouver's City Council has passed a motion to explore becoming a 'bitcoin-friendly city', British Columbia still has a province-wide ban on mining BTC until December 2025. B.C.'s bitcoin mining ban began in December 2022 to address energy concerns, and it faced a legal challenge from Conifex Timber, which the [...]
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR) and Semler Scientific (SMLR). Self-described bitcoin (BTC) development company MicroStrategy (MSTR) has increased its bitcoin holdings to a total of 439,000 BTC following its latest purchase of 15,350 BTC with the acquisition finishing on Dec. 15. MicroStrategy disclosed [...]
Bitcoin (BTC) set a fresh record above $106,000 earlier Monday, with traders now targeting the $120,000 level as the asset moves into the second half of a seasonally bullish December. Recent catalysts that have supported growth in BTC include increased speculation of U.S. president-elect Donald Trump creating a federal bitcoin [...]
Disclosure: The author of this story owns shares in MicroStrategy (MSTR). Since Donald Trump won the U.S. election on Nov. 5, bitcoin (BTC) has soared from $67,000 to around $100,000. This has coincided with a huge rise in bitcoin's total trade volume which has now surpassed $100 billion. According to [...]
MicroStrategy (MSTR), the software company founded by Michael Saylor, is not the only large-scale corporate buyer of bitcoin (BTC), JPMorgan (JPM) said in a Wednesday report. Crypto miners are also adopting the accumulation strategy. The shift to building up bitcoin holdings is driven by growing pressure on profitability, which stems [...]
Bitcoin (BTC) is not the only one setting milestones. HyperLiquid, the leading on-chain perpetuals trading protocol operating on its custom-built layer 1 blockchain, is setting impressive records, too, with the platform seeing more activity in ether (ETH) than bitcoin. The cumulative perpetuals volume on the platform has surged past $500 [...]
Appearing set for a run to a new record high earlier on Thursday, bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) fell sharply in U.S. afternoon trading as tumbling bond markets took a toll on risk assets. The positive price action came as President-elect Donald Trump <a href="https://x.com/Crypto_McKenna/status/1867221868131864642" target="_blank">said</a> "we're going to do something [...]