Business News Asia
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.…
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…
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…
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…
US cryptocurrency lending firm Genesis Global Capital is reportedly preparing to file for bankruptcy as early as this week. The company has suspended withdrawals since November 2022. The news was reported by blockchain and cryptocurrency news site, The Block, which…
The price of bitcoin dropped below $21,000 following reports that the United States will announce major enforcement measures against the cryptocurrency market. This morning, the price of bitcoin plummeted 2.44% to $20,708. The US Department of Justice issued a statement…
In a blog post on January 18, Coinbase Global Inc announced that it will be closing its operations in Japan. This decision comes less than a month after major digital asset exchange, Kraken, also announced its withdrawal from the Japanese…
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.…
On Saturday, January 14th, Bitcoin saw significant growth, rising above $21,000. Experts believe that this could be a sign of Bitcoin reaching its bottom and inflation reaching its peak. The cryptocurrency experienced a 7.5% increase to $21,299 and has not…
The price of bitcoin rose to its highest level in nearly a month today (Jan. 12) as investors anticipated a slowdown in U.S. inflation and braced for news that lawyers for the bankrupt cryptocurrency exchange FTX are uncovering billions of…
