Risk Assets Like Bitcoin Are Defying Low Fed Rate Cut Expectations: Analyst
An interest rate cut isn’t likely on the table, but risk assets are doing just fine
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An interest rate cut isn’t likely on the table, but risk assets are doing just fine
The U.S. crypto industry’s most prominent campaign-finance organization, Fairshake, is going after Sen. Katie Porter (D-Calif.), spending a part of its war chest to try to derail the progressive lawmaker.
On Tuesday, he once again faced questions about a public blog post he’d signed cryptographically to prove he was Bitcoin inventor Satoshi Nakamoto that experts have since debunked.
The three crypto companies have together raised a total of $2 billion.
The CPI reading reduced expectations for interest-rate cuts in the next months, weighing on risk assets such as crypto.
Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesday, in order to secure a New York trust charter in an ongoing expansion of its U.S. regulatory licensing.
The bullish flow is reminiscent of the 2020-2021 bull market when traders consistently snapped up bitcoin calls at levels well above the going market rate.
The CoinDesk 20, a liquid index of the top twenty cryptocurrencies, rose 4% in the past 24 hours.
MicroStrategy co-founder and executive chairman says his company is re-branding as a bitcoin development company during CNBC interview.
A source said that the investment was split evenly between the two digital assets.