Author name: Peter

Federal Reserve Chair Jerome Powell's recent remarks have sparked a debate on the adequacy of current interest rates, adding to the uncertainty in the economic landscape. Despite strong gross domestic product growth, Powell's address revealed the Fed's firm position, as he expressed his lack of confidence in the effectiveness of their restrictive policies. Federal Reserve […]

The value of bitcoin (BTC) has skyrocketed, surging over 38% against the U.S. dollar in the past six months and marking a remarkable 125% increase year-to-date. As a result, bitcoin has climbed to become the eleventh-largest global asset, reaching a market capitalization that surpasses various assets including precious metals, exchange-traded funds (ETFs), and corporate valuations.

Introduction As global equities experienced a slump following U.S. Federal Reserve chairman Jerome Powell's speech on Thursday, the crypto markets remained resilient, showcasing an overall market valuation of $1.4 trillion on Friday, November 10, 2023. Bitcoin and Ethereum Navigate Through Market Uncertainty Despite the drop in stocks after Powell's hawkish speech, the crypto economy continues

Blackrock's Ethereum ETF Plan Blackrock Inc., the world's largest asset manager, is making significant strides in the cryptocurrency investment space. The company, through its subsidiary Ishares Delaware Trust Sponsor LLC, has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list shares of the Ishares Ethereum Trust on the Nasdaq. This

Bitcoin's Scarcity Defies Price Rally, as per Glassnode Study A recent study conducted by Glassnode on onchain activities shows that the scarcity of the bitcoin supply has tightened, despite the significant increase in bitcoin's value this year. The study highlights that the inactivity of coins has reached both multi-year and unprecedented peaks. Reflecting on the

Microstrategy Chairman's Positive Outlook on Bitcoin Microstrategy Chairman Michael Saylor is optimistic about the future of bitcoin, expecting its demand to double after the halving event and the approvals of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). In an interview with Fox Business, Saylor highlighted three key factors that