Bitcoin jumped 3% after the Federal Reserve on Wednesday raised its key interest rate by a quarter of a percentage point, but signaled that only “a couple more” rate increases may be needed before the central bank takes a pause on its fight against inflation. The largest cryptocurrency BTCUSD, +0.29% rose to as high as … Read more
Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Bitcoin has had a stellar start this year, with an almost 40% rise so far, even though crypto lender Genesis filed for bankruptcy last week, only months after digital asset exchange FTX imploded in November. In this installment, I’ll break down what’s … Read more
The cryptocurrency market has rebounded in recent weeks, with bitcoin BTCUSD, -2.03% and other digital assets almost recovering their losses since the collapse of the FTX cryptocurrency exchange. Now, many investors wonder whether this is the end of the bear market for crypto, or just a temporary resurgence. To answer this question and shed more … Read more
If you think the Federal Reserve wouldn’t dare keep interest rates high and risk throwing the U.S. economy into recession, Keith McCullough would like to have a chat with you. He’s convinced that 2023 will bring a U.S. corporate profit recession and a credit crunch as businesses struggle to obtain financing and pay down debt. … Read more
Michael Sonnenshein, chief executive at digital asset manager Grayscale Investments, said Tuesday the company would consider providing a tender offer to redeem shares of its bitcoin trust, if it exhausts all the options to push for the trust fund’s conversion to an exchange-traded fund. Sonnenshein didn’t mention details of the potential tender offer. In a … Read more
Technical analyst Tom DeMark’s indicators are designed for anticipating turning points and overextended price moves. In late September, DeMark told MarketWatch that the euro was exhausting its downward trend, and the euro hit an intraday low the day after the article was published, on Sept. 28. DeMark Now he says the euro EURUSD, -0.15% could … Read more
Bitcoin BTCUSD, +3.92% soared past $23,000 on Saturday, its highest level since September, as the crypto currency market recovered some ground in early 2023. The rally came despite news on Thursday that Genesis Global Capital had filed for Chapter 11 bankruptcy protection. Genesis is owned by Digital Currency Group. The company has been caught up … Read more
Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. As crypto lender Genesis reportedly prepares to file for bankruptcy as early as this week, I caught up with David Siemer, chief executive at Wave Financial Group and Hany Rashwan, chief executive at 21Shares, to talk about its potential impact. Meanwhile, founders … Read more
Last year the price of bitcoin plunged 64%. The price was down 19% from Nov. 1 through the end of the year. That action followed CoinDesk’s Nov. 2 report about the “unusually close” relationship between FTX and Alameda Research. Both companies were co-founded by Sam Bankman-Fried and FTX filed for bankruptcy on Nov. 11. But … Read more
Finance Bitcoin:-Compare the prices of various cryptocurrencies. Compare prices, find out how much your bitcoins are worth, and check the market cap. Here, you can compare prices for Ripple, Ethereum, Litecoin, Dogecoin, and Litecoin across all of the most popular Indian exchanges. Check the current price of Bitcoin in India. To examine the pattern of … Read more