Cryptocurrency investment products saw inflows of up to $321 million in the previous week, an increase that is related to the Federal Reserve’s interest rate cuts. Bitcoin, continues to be the dominant asset, drawing the most investment attention, while altcoins remain the most important cryptocurrency direction in the market. Bitcoin at the Forefront of Cryptocurrency […]
Bitcoin Price Today: Around $60,000 Before the Rate Cut
Bitcoin prices rose Wednesday on expectations of an interest rate cut by the Federal Reserve, while data indicating an improvement in capital flows into spot exchange-traded funds also contributed to sentiment. Cryptocurrency prices across the board also rose as markets positioned in anticipation of lower U.S. interest rates, which are expected to benefit assets that […]
DBS, Singapore’s Top Bank, to Offer Bitcoin and Ethereum Options
One of the largest banks in all of Southeast Asia is offering its high-profile clients exposure to Bitcoin through options and debt instruments. One of Singapore’s largest banks is the latest traditional financial institution to lean into cryptocurrencies. DBS Bank, the largest bank in Singapore and one of the largest in Southeast Asia, is preparing […]
0.5% Rate Cut Could Create More Stress for Bitcoin, Analysts Warn
Contrary to what many analysts believe, a rate cut by the Federal Reserve could cause panic and concern, leading to increased caution and potential disadvantages for Bitcoin and other investment assets. The U.S. Federal Reserve appears ready to initiate the long-awaited interest rate cut. As a result, both enthusiasts and analysts are focused on September […]
Giant Japanese Power Company Explores Bitcoin Mining with Renewable Energy
A subsidiary of TEPCO, Japan’s leading electricity provider, is using waste solar energy for Bitcoin mining. Tokyo Electric Power Company (TEPCO) is entering the Bitcoin mining sector. Through its subsidiary, Japan’s largest electricity supplier has begun using excess renewable energy for Bitcoin mining. Agile Energy X, a wholly-owned subsidiary of TEPCO, is conducting experiments using surplus solar power to operate […]
Spot Bitcoin ETFs Record Highest Outflows in 4 Months
Spot Bitcoin ETFs have garnered the financial market’s attention in recent months. However, recently released data indicates that these funds experienced net outflows of $287 million on Tuesday, the largest on record in the past four months. This huge exodus of capital raises questions about the health of the cryptocurrency market and investor confidence in the digital […]
U.S. Economic Calendar: Key Events for Crypto in September
Cryptocurrency markets are closely watching several key macroeconomic events in the U.S. this month, which could have a considerable impact on cryptocurrencies. In particular, the Fed’s interest rate announcements will be a key data point in September. Favorable economic information usually has an impact on investor confidence in the cryptocurrency space. Over the course of […]
Bitcoin price today: drops to $59,000 as large token transfer worries investors
Bitcoin lost value on Wednesday, extending a sharp fall from the previous session’s drop, as the movement of a large volume of tokens on a well-known exchange stirred sentiment with fears of a major selling event. The world’s most important cryptocurrency posted a sharp drop, reversing its recent gains and falling below the $60,000 level. […]
BTC Millionaires Skyrocket 111% in Just One Year
2024 has been a positive year for the cryptocurrency industry. In the eight months that have passed this year, the number of cryptomillionaires has shot up by nearly 100% thanks to the boost the market has received from Bitcoin and Ethereum ETFs. According to a recent report by Henley & Partners, about 172,300 people around […]
Cryptocurrencies Lead Spending in U.S. Elections
The cryptocurrency industry is influencing this year’s elections, to which it has contributed $119 million. Cryptocurrencies as major political backers Cryptocurrency companies have morphed into the biggest political funders of federal elections, contributing nearly half of the corporate money going into this year’s elections, according to data from the nonprofit consumer advocacy organization Public Citizen. […]