In a bearish environment, traders latch on to every bit of negative news and make that a an excuse to sell.Read more
The U.S. Federal Reserve updated their inflation expectations for this year from 2.4% in March to 3.4% in their latest meeting that concluded on June 16. To tame inflation, the Fed plans to undertake two rate hikes before the end of 2023.
This news has boosted the U.S.
Bitcoin’s price (BTC) turned down from just above the $41,000 mark on June 15, suggesting that traders are halting their purchases at higher levels. Traders seem to be hesitant to take large bets until the U.S.Read more
Bitcoin (BTC) has risen above the psychological resistance at $40,000 following a series of positive news flow over the past week.Read more
Ripple has brought securities specialist Nicole Tatz of Cleary Gottlieb Steen & Hamilton LLP onto its legal team.
This week, Ripple also argued that the SEC did not give it fair notice over the legal status of its token sales.
Bitcoin’s (BTC) failure to rise above the critical $40,000 to $42,000 resistance zone is keeping crypto traders on tenterhooks.Read more
Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin (BTC) is more likely to rally to $40,000 than slump to $20,000. This bullish outlook seems to be shared by traders as Bitcoin initiated a sharp recovery today.Read more
United States Treasury Secretary Janet Yellen defended President Joe Biden’s latest massive spending package while speaking to Bloomberg. Yellen said it would be “a plus” for society even if it resulted in a higher interest rate environment.Read more
Bloomberg senior commodity strategist Mike McGlone believes Bitcoin (BTC) is more likely to turn up and rally to $100,000 rather than correct to $20,000.Read more
Ripple’s executives have filed a new motion requesting the Court to issue Letters of Request to foreign authorities.
The letters would be sent with the aim of collecting data on Ripple’s XRP sales on 15 non-U.S. exchanges.