Bitcoin, CLARITY and Fed
Digest more
It's easy to lay out a bull-case scenario for Bitcoin, which has historically performed best in the final months of the year. As long as Bitcoin continues to push higher in the coming weeks, money will continue to pour into the spot Bitcoin ETFs, providing a nice floor under the price of Bitcoin.
Earlier this month, Druckenmiller, whose views of the Fed and U.S. monetary policy have become closely scrutinized due to his close ties with Warsh and Bessent, put his name to a scathing Wall Street Journal op-ed, slamming his former protégé for attempting to manipulate and lower long-term bond yields.
As the crypto industry awaits the Senate vote on Sep. 15, a crypto trader bought Bitcoin (BTC) worth millions last week. According to the onchain analysis platform Lookonchain, the trader bought 1,075.6 Bitcoin for approximately $79,412 apiece within a span of four days.
Is it too late to buy Bitcoin near $75,900? See the key $81,000, $80,000 and $74,000 levels, ETF flows and Fed risks shaping BTC's next move.
Crypto markets are bracing for the Federal Reserve's (Fed) rate decision on September 16, just a day after the CLARITY Act failed to advance in the Senate. XRP dropped nearly 10% toward $1.30, Bitcoin slipped below $76,000, and more than $300 million in leveraged positions got liquidated within minutes.
A new CoinShares report says Bitcoin’s network hashrate is about 50% below its growth trend after experiencing the first six-month decline since China’s 2021 mining ban.
Bitcoin's network hashrate is 50% below its growth trend as miners pivot to artificial intelligence, seeking stable revenue streams beyond cryptocurrency price fluctuations.
Bitcoin led a broad retreat in digital assets Tuesday following the failure of a wide-reaching crypto regulatory bill to pass the US Senate, stripping the industry of one its few potential catalysts amid swelling anxiety in markets over rising interest rates.
Bitcoin mining company MARA Holdings purchased 1292 BTC worth $98 million amid call for AI safety and slowdown in development.