Inverse Correlations, FOMC Action, and a Possible Spot Bitcoin Trust
Bitcoin and ether end the week higher, following the announcement of BlackRock’s Bitcoin trust application.
Bitcoin Recrosses $26.3K to Hit Highest Level in a Week Amid BlackRock Optimism
Markets surged for a second time in the less than 24 hours following the fund management giant’s announcement that it had filed paperwork for the formation of a spot bitcoin ETF.
First Mover Asia: Hong Kong as Crypto Hub? The City's Strict Banking Requirements May Be an Obstacle
A Hong Kong-based entrepreneur says that while the digital assets regulation is "overall friendly," banking regulations will make the industry's growth there difficult. ALSO: Bitcoin surges post-BlackRock iShares ETF filing but the rally sputters.
Bitcoin, Ether Move Toward Oversold Territory in Post FOMC Downturn
CoinDesk Indices Trend indicators are signaling a bitcoin and ether downtrend
Bitcoin Regains Ground to Reach $25.2K, but Investors Remain Jittery About U.S. Economy, Monetary Policy
Tether’s USDT stablecoin deviated from its $1 peg, while other major cryptos spend their day in red territory.
First Mover Asia: Large Bitcoin Holders Content to Hold Long Positions Amid Regulatory Turmoil
Balances for whale investors indicate that investors are holding on to their crypto assets, despite recent uncertainty; BTC regains $25K.
Bitcoin Correlations Continue On-Again, Off-Again Relationship With Traditional Finance
The positive relationship between bitcoin and traditional finance is now inverted , highlighting the independence of bitcoin as an asset
Bitcoin Sinks Below 25K, Altcoins Tumble, as Investors Shrug Off Fed Rate Hike Pause
Ether declined more than 3% to $1,650 less than three hours after the Fed ended its more than year-long diet of interest rate increases. ADA plunged more than 5%, while SOL and Matic each dropped over 4%.
First Mover Asia: Actually, Hong Kong Would Be a Terrible Home for Coinbase
Hong Kong's rules for crypto would mean plenty of restrictions for Coinbase; bitcoin trades flat as Asia equity markets open.
Bitcoin Seesaws Back Under $26K After CPI, as Investors Await Fed Rate Hike Decision
The U.S. central bank now seems increasingly likely to suspend its more than year-long campaign of interest rate hikes. An analyst flags recessionary concerns in a note to CoinDesk.
