Strategy founder Michael Saylor declared that bitcoin will absorb up to $500 trillion in global capital by displacing gold, real estate, and other traditional stores of value (SoV) in a sweeping digital transformation of wealth. Bitcoin’s $500 Trillion Future Lies in Replacing ‘20th-Century Assets,’ Saylor Argues Saylor, a vocal bitcoin ( BTC) advocate, outlined an […]
US President Donald Trump has reportedly issued pardons for three of the co-founders of the cryptocurrency exchange BitMEX who had pleaded guilty to felony charges. According to a March 28 CNBC report, Trump granted pardons to Arthur Hayes, Benjamin Delo and Samuel Reed, who were facing a range of criminal charges related to money laundering […]
The regulator quietly dismissed enforcement actions against Kraken, Consensys, and Cumberland on Thursday. SEC Softens Stance, Dismisses Three Prominent Crypto Cases Ohio Republican Senator Bernardo Moreno, on Thursday called former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, “one of the stupidest people in government.” That same day, the SEC dropped three prominent enforcement […]
Bitcoin price is poised to hit $110,000 before retesting the $76,500 range, according to Arthur Hayes, pointing to easing inflationary concerns and more favorable monetary policy conditions in the US that are set to bolster risk assets, including the world’s first cryptocurrency. Still, the decentralized finance (DeFi) industry took another hit after an unknown whale […]
Bitcoin price is poised to hit $110,000 before retesting the $76,500 range, according to Arthur Hayes, pointing to easing inflationary concerns and more favorable monetary policy conditions in the US that are set to bolster risk assets, including the world’s first cryptocurrency. Still, the decentralized finance (DeFi) industry took another hit after an unknown whale […]
The FDIC announced that banks can engage in legally permitted crypto activities without prior regulatory approval, reversing previous policy, Reuters reported on Friday. This move follows a similar decision by the Office of the Comptroller of the Currency. “The FDIC is turning the page on the flawed approach of the past three years,” acting FDIC […]
Bitcoin (BTC) is moving farther away from the crucial $90,000 mark, indicating that buying dries up at higher levels. Market participants seem nervous about the fresh round of US trade tariffs and the renewed inflation pressure as US Personal Consumption Expenditures data came in hotter-than-expected. Traders are divided about Bitcoin’s price trajectory in 2025. Analyzing […]
The Venezuelan bolivar accelerated its loss against the U.S. dollar as the government faced dollar shortages amid an economic trade war. The Trump administration’s secondary trade tariff regime on Venezuelan crude is starving the country of foreign currency to inject into the national market, driving these imbalances. Secondary Tariff Announcement Prompts Steep Venezuelan Bolivar Drop […]
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After a positive start to the week, Bitcoin price reverted to negative returns after BTC (BTC) dropped 3.5% to an intraday low of $84,120 on March 28. The price rejection occurred at the cusp of the descending trendline (black) and the upper range of the ascending channel pattern. Bitcoin 1-day chart. Source: Cointelegraph/TradingView On the […]
The “core” personal consumption expenditures (PCE) price index makes it easier to capture underlying inflation trends by excluding food and energy, which tend to experience higher price volatility than other consumption categories. PCE Shock: Bitcoin Falls Under $85K as Inflation Worries Return Both traditional and crypto markets took a dive this morning as the U.S. […]
The U.S. Federal Reserve’s preferred inflation measure elevated sharply in February, with the core personal consumption expenditures price index climbing 0.4%—the largest monthly spike since January 2024—while consumer spending growth fell short of expectations, the Commerce Department reported Friday. Fed’s Inflation Fight Faces Setback With Surging PCE Data The core PCE price index, which excludes […]