In Brief The Federal Reserve signals slower rate cuts to prioritize strict inflation control. The decision rekindles questions about Bitcoin’s effectiveness as an inflation hedge. Experts offer diverse perspectives on Bitcoin’s value proposition and future outlook. Federal Reserve Chair Jerome Powell has indicated that interest rate cuts may be further off than anticipated. He cites…
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In Brief Bitcoin (BTC) price dips, leading to significant trader liquidations. This decrease coincides with the upcoming Bitcoin halving event. Analysts suggest volatility may be a recurring pre-halving trend. Bitcoin (BTC) experienced a notable decline today, following a promising rally the day before. As of the time of writing, it’s trading at $63,118, marking a…
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In Brief PUPS, a Bitcoin meme coin, surges in price and recently set its new all-time high record of $47.44. PUPS NFTs sales skyrocketing, as NFT activity on the Bitcoin blockchain surpasses Ethereum and Solana. The excitement around the upcoming Bitcoin halving and the launch of Runes fuels the momentum. PUPS, a meme coin project…
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In Brief Bitcoin price is trading between $65,300 and $71,360 at the moment, with the potential to rise. An indicator is currently flashing a buy signal, which might drive investors to accumulate BTC. This can be observed on the Reserve Risk indicator as well, which is currently in the green zone. Bitcoin (BTC) price is…
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In Brief Bitcoin’s demand skyrockets, with monthly figures leaping from 40,000 to 213,000 BTC, driven by a surge in accumulation. US ETFs excluding GBTC have notably contributed to this demand increase, with their BTC balances growing significantly. The liquidity of Bitcoin has hit historic lows, with current sell-side liquidity estimated to be a bullish future…
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Quick Take Deribit data indicates that nearly $9 billion worth of Bitcoin (BTC) options are due to expire on March 29, the last Friday of the month, with the total open interest amounting to 133,914 BTC. The put/call ratio is reported at 0.80, signifying more calls in circulation compared to puts, and reflects bullish market sentiment…
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In Brief Bitcoin’s stellar rise and a 54% rally have sparked a surge in crypto market job opportunities, with companies and institutions expanding their teams. Specialized job boards report a significant increase in listings, highlighting the industry’s growth and demand for professionals across various roles. Despite past downturns, firms like Coinbase and Fidelity are planning…
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The central bank also reaffirmed its intention to cut rates during 2024, driving the odds of a June cut to 70%. The US Federal Reserve announced on March 20 that it would keep interest rates steady at 5.25% to 5.5% — aligning with market expectations and easing concerns of a more aggressive tightening of monetary policy. Additionally,…
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Solana is up 7% over the past 24 hours as Bitcoin takes a breather, down 7% from its all-time high. Bitcoin had the most volatile weekend in a year as Bitcoin slipped as low as $64,550 after reaching a new all-time high of $72.760 on Thursday, March 14. As of press time, Bitcoin has recovered…
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In Brief Since the beginnig of th eyear, Bitcoin and Ethereum have emerged as some of the best-performing digital assets. However, Shiba Inu’s SHIB token has outperformed both Bitcoin and Ethereum in the ongoing crypto market rally. Notably, this surge occurs amid Shibarium witnessing a record number of transactions exceeding 412 million. Shiba Inu has…
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