Bitcoin Tops $67K on Dovish Fed Remarks; Ether Rebounds From SEC Fears, DOGE Soars
Fed policymakers maintained their outlook for three rate cuts by the end of the year, alleviating market risk of a more hawkish stance.
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Fed policymakers maintained their outlook for three rate cuts by the end of the year, alleviating market risk of a more hawkish stance.
There’s no slowdown in blockchain news, with Ethereum’s Dencun upgrade in the rear view mirror and Bitcoin’s halving now just over three weeks away. We spoke with Solana’s Anatoly Yakovenko about the meme coin frenzy stressing the suddenly-active blockchain.
Policymakers forecasted Wednesday they would lower interest rates to 4.6% by year-end, similarly to their December projection.
Several months ago, the halving was expected to take place on April 28; now it’s on track to land on April 18. Blame the surge in bitcoin’s price, which has attracted more mining power and sped up the network.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday’s FOMC meeting, one market observer said.
MicroStrategy now holds approximately 214,246 BTC ($13.5 billion), which is more than 1% of all the 21 million bitcoin that will ever exist.
The latest price moves in crypto markets in context for March 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
As BTC gets Wall Street approval and developers build new applications on the network, Bitcoiners are ditching some of their previous siege mentality.