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“Inflation is old news. We all knew it was coming," Gonzalez added. "For now, bitcoin is likely to settle around $20,000, but a significant event demonstrating that the broader market is recovering is required for it to regain power. Investors will remain cautious as long as forecasts are pessimistic, so
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CoinDesk's Sam Reynolds examines alternate methodologies for valuing the beleaguered crypto hedge fund Three Arrows Capital's NFT collection. Bitcoin slides for a fifth day, and doubts are forming over whether the market bottom is in. Original Source
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In a May 30 tweet, Ethereum (ETH) core developer Tim Beiko confirmed that the much-anticipated switch from proof-of-work to proof-of-stake can be expected “around June 8 or so.”Interestingly, Ether's price action is relatively unchanged despite the unexpected bullish announcement. There was a +10% spike on May 30, but those gains
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Bitcoin appears to have digested the U.S. Federal Reserve’s impending hawkish, or anti-inflation, policy adjustment with a significant decline in recent weeks. Analysts said the cryptocurrency could see a relief rally after the Fed decision, due later on Wednesday.The central bank is widely expected to announce a $30 billion reduction
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Australian bitcoin miner Iris Energy plans to sell about 8.3 million shares at $25 to $27 each from its initial public offering, according to a filing with the SEC.The Sydney-based miner will list its shares on Nasdaq under the ticker “IREN.”JPMorgan, Canaccord Genuity, Citigroup, Macquarie Capital, Cantor Fitzgerald, CLSA and
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Now, as the original blockchain network prepares for its next big upgrade in November, known as Taproot, few investors are expecting a price reaction remotely on that scale. The bitcoin price has already doubled this year and hit a new all-time high near $67,000 last week. While further gains are
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Bitcoin price is making an attempt to get back over $18,000 after it flirted with the mid-$17,000 range
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Federal Reserve Chair Jerome Powell did not raise many eyebrows Thursday morning when he announced the U.S. central bank would encourage some periods of inflation above its 2% target in certain circumstances to boost the long-term economy. In remarks before a virtual version of the annual Jackson Hole symposium, Powell said
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Bitcoin has has long been feted as a new form of money, a two-finger salute to the establishment, even as a digital equivalent to gold, but it’s not often prized for its stability. That could change with the introduction of a new futures contract. Crypto exchange BTSE has taken the unorthodox
Read MoreBlock halvings only occur every four years. Bitcoin's third halving is set to take place in May 2020, but is the event already priced in? Twitter personality, The Crypto Dog, recently asked the community to weigh in. "Do you think the halving is priced in?" the trader asked the crypto community
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