Bitcoin News
Bitcoin Keeps Weekly Loss as 'Anti-Risk' Yen Strengthens After BOJ Rate Hike
The yen’s popularity as a funding currency can cause knock-on effects in other markets, helping tighten global financial conditions, BlackRock said.
Nvidia Becoming More Volatile Than Bitcoin and Ether
Bitcoin has exhibited a strong positive correlation with NVDA since late 2022.
U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows
The office of Senator Cynthia Lummis, who proposed the strategic reserve at the Bitcoin Nashville conference on Saturday, shared a draft of the legislation with CoinDesk.
Making Bitcoin a Strategic Reserve Asset Contradicts 'Freedom From Government' Narrative, Says WSJ
The plan, which sounds similar to a proposal from Sen. Cynthia Lummis’ (R-Wyo.), doesn’t echo “freedom, sovereignty and independence from government coercion and control,” which former president Donald Trump said is what bitcoin stands for.
Key Interest Rate Decisions Coming This Week From Fed, BOJ, BOE
The Fed is expected to hold policy steady but indicate a soon-to-come rate cut, while the Bank of England is seen as about a 50/50 bet to ease and the Bank of Japan is likely to either hike rates or signal an imminent move.
First Mover Americas: BTC Slides as U.S. Government-Linked Selling Pressure Looms
The latest price moves in crypto markets in context for July 30, 2024.
Bitcoin Slides to $66K in Wake of Silk Road BTC Movements, Solana’s SOL Leads Majors Losses
“It’s going to be extremely volatile this week, so I will not be surprised to see BTC price get another 10% drop/pump,” one analyst noted.
Trump's Talk of Bitcoin Reserve for the U.S. Leaves Industry Waiting for More Details
The idea for a U.S. government stockpile – pushed by U.S. Sen. Lummis and echoed by former President Donald Trump – has been praised by bitcoin investors, but details are scant.
