Tag Bitcoin

four assorted cryptocurrency coins

Bitcoin Surpasses $24k as Powell Sees US Inflation Slowing

Bitcoin price reached a new milestone this morning, surpassing $24,000 as investors responded to Federal Reserve Chairman Jerome Powell’s statement that inflation in the US is slowing down. This development could signal that the Fed is accelerating its rate hike.…

narrow city canal on cold winter day

Hedge Funds Trading Cryptocurrency See Nearly 50% Loss in 2022

According to research firm BarclayHedge, hedge funds trading in cryptocurrency experienced a nearly 50% loss in 2022. This decline is a continuation of the ripple effects caused by the collapse of cryptocurrency exchange FTX, which filed for bankruptcy in November.…

bitcoin on person s hand

Bitcoin follows U.S. stock markets and rises above $18,000

Bitcoin rose above $18,000 yesterday for the first time since November 10, rallying in line with Wall Street. While markets kept an eye on the Federal Reserve (Fed) monetary policy meeting. Bitcoin price rose 2.18% to $18,136.40 before gradually retreating…

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