Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps
Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made “more quickly.” Powell also indicated that a rate hike of 0.5 percentage point was “on the table” for next month. James Bullard, President of the St. Louis Federal Reserve Bank, said Tuesday that he expects interest rates to reach as high as 3.5 percent by the end of the year. Bitcoin fell to $40,586 on Friday, down from a daily high of $42,965 at noon, while the whole cryptocurrency market retreated to $1.88 trillion. Tuesday....
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Is Bitcoin ready to throw in the towel and allow Shiba Inu to snag its crypto gold status? Not likely. But, anything can happen. If you want a more reliable and stable trade then go for the kings of cryptocurrency, Bitcoin, and Ethereum. These two leading cryptocurrencies have been consistently moving on an upward trend for the past two years. However, Shiba Inu is getting more attention for its recent remarkable increase in market value at 0.12%. Was it just a lucky streak or is Shiba Inu primed to be the next crypto gold? Suggested Reading | Bitcoin Falls Back To $40,000 As Fed....
The crypto space is developing at an accelerated rate as projects such as Cardano continue to ship out impressive code. This fast-paced innovation has no doubt hit a few bumps in the road in terms of what is being shipped out to the community and how safe it is for investors. Recently, a video from […]
Shiba Inu (SHIB), the second-largest meme coin by market capitalization, faces severe downside momentum as several technical indicators turn bearish. As the market enters a correctional phase due to the decline in Bitcoin, Shiba Inu records a 61% decline in burn rate while its trading volume falls below $400 million. Multiple Shiba Inu Indicators Turn […]
Adam Back and Balaji Srinivasan discuss global Bitcoin adoption and the rate at which it is accelerating at a pace faster than many people expected.
Former Google employee Michael Levin has provided data on Bitcoin (BTC) impressive adoption growth rate since its inception in 2009. When compared to the Internet, PayPal, technologies such as mobile phones and other virtual banking tools, Bitcoin’s adoption rate is much faster. Levin said: Despite the fear mongering, Bitcoin, like all innovative technologies before it, […]