Bitcoin Spikes, FED Chair Oozes Confidence in Taming Inflation
Bitcoin prices are moving higher following the U.S. FED decision to hike interest rates to tame rising inflation.
Bitcoin prices are moving higher following the U.S. FED decision to hike interest rates to tame rising inflation.
A Coinbase report predicts that stablecoins, including USDC and USDT, will face liquidity challenges if the FED hikes rates.
Tom Loverro, a former board member at Coinbase, has said the crypto bottom is not yet in, and prices will recover once “tourists” leave.
Approximately 13.65 million Bitcoin, worth over 25 percent of the total market cap, haven’t been moved year-to-date.
When Bitcoin prices slumped to $17.6k, the number of Google searches on the “death” of Bitcoin spiked to a four-year high.
Cathie Wood, CEO of Ark Invest, said on Sunday that the U.S. government and the FED are to blame for current economic woes.
Following Coinbase’s disclosure to the U.S. SEC, Federal officials now want cryptocurrency exchanges to separate client and corporate funds.
Wall Street technology companies, including Amazon, Apple, Facebook, and Netflix, cumulatively lost over $1 trillion in value in less than a week.
The U.S. Federal Reserve (FED) will raise interest rates in May 2022 to tackle surging inflation. Bitcoin and crypto assets fall in response.
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