Bitcoin

Bitcoin tumbled near $22,000 on Tuesday, falling in line with the Wall Street stock market amid concerns about the US Federal Reserve (Fed) accelerating interest rate hikes, which could drag down market liquidity. The leading cryptocurrency fell 0.90% to $22,226.53, as the Dow Jones Industrial Average dropped more than 300 points to nearly 33,000 after …

Bitcoin tumbles near $22,000, Wall Street Worries about Fed raising interest rates Read More »

The value of Bitcoin has dropped by 4%, falling below $24,000, following reports of the US Securities and Exchange Commission’s (SEC) aggressive measures against illicit crypto companies. The cryptocurrency has also come under pressure as Federal Reserve officials (Fed) support interest rate hikes. The SEC has filed a lawsuit against South Korean cryptocurrency developer Do …

Bitcoin Tumbles 4%, Falls Below $24K as Fed Officials Push for Interest Rate Hike Read More »

Bitcoin rose above $23,000 on Thursday following a statement by Federal Reserve Chairman Jerome Powell regarding the slowing of inflation in the United States. Powell spoke at an event hosted by the Economic Club of Washington, where he stated that the disinflationary process has begun in the goods sector and is expected to significantly slow …

Bitcoin Surges Above $23K After Powell’s Inflation Slowdown Comments Read More »

Bitcoin, the world’s largest cryptocurrency, hit a new all-time high of $23,000 on Tuesday (Jan 26) before gradually declining in line with Wall Street’s rally. The decline in Bitcoin’s price came in response to strong economic data from the United States, which showed that the US economy is recovering. On Wednesday (Jan 27), the price …

Bitcoin Surges Past $23,000 as US Economic Data Came in Strong Read More »

Bitcoin surpassed $23,000 yesterday, hitting a five-month high, boosted by expectations that the Federal Reserve (Fed) is likely to slow interest rates this year. The bitcoin price rebounded above $23,000, hitting its highest since August 19, 2022, before slowing to $22,951.25 this morning. Bitcoin is up nearly 39% since the start of the year. Economists …

Bitcoin Surpasses $23,000 as Expected Fed Interest Rate Slowdown Pushes Price Higher Read More »

Bitcoin, the world’s largest cryptocurrency, saw a surge of more than 6% on Friday (Jan. 20), breaking past $22,000, its highest level since mid-September. This comes as investors are keeping a close eye on the results of the upcoming US Federal Reserve meeting, which is expected to result in a 0.25% hike in interest rates. …

Bitcoin Surges Past $22,000, Highest in Four Months as Investors Eye Fed Meeting Read More »