Markets


Markets

Ether Blows Past $3K, Builds Bullish Momentum After Trump's Election Win and Fed Rate Cut

ETH is on track to register its biggest weekly since May, but remains well below its record high.

Ether's price. (TradingView/CoinDesk)

Markets

D.O.G.E Memecoin Rockets 100% as Traders Savor Elon Musk's Strong Ties to President-Elect Trump

The proposed department, abbreviated as D.O.G.E, will seek to make government spending of taxpayer money more efficient while streamlining departments that handle spending.

(Dogecoin Foundation)

Markets

Cardano Pumps 16%, Bitcoin Could Pop to $100K After Fed Rate Cut

Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.

Bitcoin could hit a new record high in two months. (Kurt Cotoaga/Unsplash)

Markets

Fed Cuts Rates by 25 Basis Points, Bitcoin Price at Record as Powell Says Trump Win Has 'No Effect' on Policy

Fed Chair Jerome Powell's speech later today could shake up markets as he will face questions about the central bank's outlook on monetary policy and inflation after Donald Trump's decisive win in the U.S. presidential election.

U.S. Federal Reserve Chair Jerome Powell testified that a U.S. CBDC isn't in the near future, and he said the Fed wouldn't design one to spy on Americans (screen capture, Senate Banking Committee video)

Markets

Ether, Touted as Internet Bond, May Top $3K on Fed Rate Cut, Outperform Bitcoin: Omkar Godbole

Elevated interest rates in the U.S. have dented ether’s appeal as the internet equivalent of a bond, offering a fixed-income-like return on staking.

U.S. Federal Reserve Chair Jerome Powell testified that a U.S. CBDC isn't in the near future, and he said the Fed wouldn't design one to spy on Americans (screen capture, Senate Banking Committee video)

Markets

Bitcoin Registers Fourth-Best Day of 2024 as BlackRock ETF Posts Record Volume

BlackRock's iShares Bitcoin Trust registered $4.1 billion in volume traded as bitcoin broke out to all-time highs.

Bitcoin: daily price performance (Glassnode)

Markets

Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness

The bullish sentiment comes from Trump's promise to make the U.S. a leading hub for cryptocurrency during his campaigns, which might translate into more favorable regulations for DeFi.

(Giovanni Calia/Unsplash)

Markets

Bitcoin Fed Preview: Powell's Take on 'Trump Tariffs' Could Shake Markets as 25bp Rate Cut is a Foregone Conclusion

A 25-basis point Fed rate cut will likely be a non-event, and markets will be interested in what Powell thinks of President-elect Donald Trump's inflationary policy cocktail of loose fiscal policy and import tariffs.

Screen grab from Trump's teaser of the new World Liberty Financial crypto company (Rug Radio, modified by CoinDesk using PhotoMosh)

Markets

Bitcoin Blasts Past $76K for First Time as Violent Crypto Rally Liquidates Nearly $400M Shorts

Crypto exchange Coinbase's shares closed the day 31% higher, leading gains among digital asset-related stocks.

Bitcoin (BTC) price on Nov. 6 (CoinDesk)

Markets

Trump Wins, Bitcoin Unlikely to See Big 'Sell-The-Fact' Price Drop: Omkar Godbole

While sell-the-fact price slide looks unlikely, traders still need to watch out for the other side of the Trump trade – hardening bond yields and rising dollar index, says CoinDesk analyst Omkar Godbole.

BBitcoin faces headwinds (Pixabay)

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