Tag Archives: BTCGBP

The Federal Reserve on Wednesday hiked its benchmark interest rate by another 75 basis points after its regularly scheduled Federal Open Markets Committee meeting.   As usual, Bitcoin experienced volatility upon the announcement, immediately soaring by over $200. The announcement, which happened at 18:00 UST on Wednesday, marks a new policy rate of 3.75% Markets expected a 75-point rise prior to the meeting but had priced in a roughly 10% chance of a 50-point rise. ...

Mohamed El-Erian – Chief Economic Adviser at Allianz – thinks bitcoin will never emerge as a global reserve currency, and its price will not surpass the $100K milestone. Still, he believes the cryptocurrency sector will survive the ongoing bear market and remain a vital part of “the ecosystem of payments.” Bitcoin Isn’t Going to the Moon In a recent interview for CNBC, El-Erian described bitcoin as a technological innovation that reached its peak (nearly $70,000 in November...

2022 has been quite painful for investors, with most assets dumping hard. The cryptocurrency industry is no different. Bitcoin, for example, is down by about 70% since its peak in November 2021. Gold, however, is often touted as the preferred hedging choice in times of uncertainty, high inflation, wars, etc. As such, one would assume that it has been this year’s top performer. Its price movements for the past seven months portray a different story. Gold’s 7-Month Red Streak...

Bitcoin is struggling to continue the recent rally, as the price has been retracing over the last few days. However, considering the significant support levels available, the short-term future is still looking bright for the bulls. Technical Analysis Technical Analysis By: Edris The Daily Chart: Looking at the daily timeframe, the last week’s rally has come to a halt, as the price is yet to break above the $21K mark. The 100-day moving average is currently acting as an...

Today marks the 14th anniversary of the publication of the Bitcoin whitepaper. On this day in 2008, Satoshi Nakamoto released a nine-page document that began a financial revolution and birthed a trillion-dollar industry.  On October 31, 2008, the pseudonymous Satoshi released the Bitcoin whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” to a cryptography mailing list.  The Birthing of Bitcoin The mailing list was hosted by Metzdow and run by a group of...

The first ten days of the new month will be quite eventful for the US, with the latest FOMC meeting, CPI numbers, and mid-term elections all scheduled to take place within this timeframe. Given the history between notable announcements and events coming from the US and their impact on bitcoin, it’s safe to assume that there will be a lot of volatility for the asset soon. What Will Happen in the US Soon? The month kicks off with a Federal Reserve meeting, which will be on the...

Bitcoin was stopped once again at $21,000 but has remained above the coveted $20,000 line. Dogecoin continues to steal the show ever since Elon Musk’s acquisition of Twitter became official, being up by triple-digits on a weekly scale. It’s Dogecoin’s Show It’s safe to say that the original memecoin is this week’s best performer. Up until Wednesday, Dogecoin struggled around $0.07, along with the rest of the market. However, the landscape started to change later this week...

A joint study conducted by KPMG China and Aspen Digital estimated that 58% of family offices and high-net-worth individuals (HNWIs) from Hong Kong and Singapore had distributed some of their wealth in cryptocurrencies. At the same time, 34% of the non-investors intend to join the ecosystem in the near future. Almost Two-Thirds Are HODLers The survey revealed that bitcoin and ether are the most popular digital currencies among family offices and HNWIs based in Hong Kong and...

Australia’s inflation hit 7.3%, which is the highest rate in 32 years. Considering the soaring prices of real estate and gas, analysts expect this figure to surge even more before the year’s end. To preserve their wealth during these turbulent times, locals have displayed increased interest in alternative financial assets, including cryptocurrencies. The Aussie government has also put crypto on its agenda. The new Prime Minister of the nation – Anthony Albanese – vowed to...

Bitcoin is back on the offensive once more, following the enhanced volatility yesterday, and is close to breaking above $21,000. The altcoins are also well in the green on a daily scale, led by Dogecoin’s massive gains after the Musk-Twitter deal. Bitcoin Retaps $21K The past several days have been significantly more eventful for the cryptocurrency industry and the market price movements. Bitcoin stood still at $19,000 until the middle of the week, when it shot up to over...