Bitcoin price hits $20.8K as volatility ensues over Fed 75-point rate hike
The Fed acts as expected, with comments from Chair Jerome Powell still to come as BTC/USD wakes up.
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Fed Announces Another 75 Basis Points Rate Hike
The Feds funds rate is now 3.75% to 4%. Fed Hikes Rates The Federal Reserve has hiked interest rates by another 75 basis points. The U.S. central bank announced it...
Federal Reserve Announces 75 BPS Rate Hike, Bitcoin Rockets to $20,600
The Federal Reserve on Wednesday hiked its benchmark interest rate by another 75 basis points after its regularly scheduled Federal Open Markets Committee meeting. As usual, Bitcoin experienced volatility upon…
Get 5x Verse Tokens in Bitcoin.com Games’ Exclusive Raffle for Players Participating in the Verse Public Sale
Participate in the Verse Public sale and opt into the exclusive raffle on Bitcoin.com Games to get up to $25,000 worth of Verse tokens for free. Bitcoin.com is launching Verse,…
Bitcoin, Ethereum Technical Analysis: ETH Drops to 5-Day Low, as Fed Likely to Delay Policy Pivot
Ethereum dropped to its lowest level since last Friday during today’s session, as consolidation in crypto markets continued on Wednesday. This comes ahead of this afternoon’s U.S. Federal Reserve interest…
New Bitcoin Yardstick metric says $20K BTC now ‘extraordinarily cheap’
Only once before has BTC been such good value versus hash rate — and that was long before even the 2017 all-time high.
Record hash rates may see Big Oil become a major BTC mining player
Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies.
Bitcoin Will Not Reach $100K: Allianz’s El-Erian Says
Mohamed El-Erian – Chief Economic Adviser at Allianz – thinks bitcoin will never emerge as a global reserve currency, and its price will not surpass the $100K milestone. Still, he…
MicroStrategy Posts Modest $727K Bitcoin Impairment Charge
MicroStrategy reported a $727,000 impairment charge this quarter following losses on its Bitcoin holdings. MicroStrategy Faces Minimal Losses MicroStrategy saw only slight Bitcoin losses this quarter. According to a Tuesday...
Bitcoin Miner Cleanspark Acquires 3,853 Bitmain-Made BTC Mining Rigs for $5.9 Million
On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the company has purchased 26,500 bitcoin…
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