Bitcoin News

Bitcoin News

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First Mover Asia: Celsius Risks Triggered Crypto Crash, Says Huobi Group CFO; Bitcoin Wobbles but Doesn't Break Post-Rate Hike

Lily Zhang told CoinDesk the lending platform's problems were ill-timed following the collapse of the terraUSD stablecoin, and crypto prices could decline further; major altcoins regain ground.

Celsius' problems triggered the latest crypto prices crash, says a Huobi senior executive. (Malte Mueller/Getty Images)

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BTC Hovers Around $21K as Fed Announces Biggest Interest Rate Hike in 28 Years

GlobalBlock Market Analyst Marcus Sotiriou discusses the possible macroeconomic factors impacting the crypto markets as the Fed raised interest rates by 75 basis points and BTC hovers around $21,000. Plus, Sotiriou explains what could’ve led Celsius to halt withdrawals for users, describing it as “human error in crypto.”

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Market Wrap: Fed Hikes Rates at Highest Level Since 1994, Bitcoin Rallies After

The cryptocurrency fell to $20,270 after the Fed's statement but rebounded shortly after.

Federal Reserve Chair Jerome Powell at a press conference on June 15, 2022. (Source: Federal Reserve)

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Exploring Bitcoin’s Relationship With Fed Rate Hikes

Bitcoin’s price seems to drop as the Fed Fund Futures implied 12-month rate goes up, according to NYDIG data. Plus, insights on why ProShares’ bitcoin ETF (BITO) is climbing to a new all-time high after two straight days of massive inflows.

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La Reserva Federal anuncia la mayor subida de tipos de interés en 28 años, mientras bitcoin cae

Traders de la mayor criptomoneda han seguido de cerca las acciones del banco central estadounidense en busca de pistas para el mercado.

Jerome Powell, presidente de la Reserva Federal. (Valerie Plesch/Bloomberg via Getty Images)

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Fed Announces Biggest Interest Rate Hike in 28 Years; Bitcoin Gains

"The labor market is extremely tight, and inflation is much too high," said Chair Jerome Powell.

Federal Reserve Chair Jerome Powell takes questions Wednesday on the Fed's latest rate hike decision. (Federal Reserve via YouTube)

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First Mover Americas: Bitcoin Slides Toward $20K in Record Losing Streak as Fed, ECB Meet

The latest moves in crypto markets in context for June 15, 2022.

Federal Reserve Building in Washington, DC

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Bitcoin cae a $20K en medio de riesgos de efecto cascada entre mercados cripto

El activo se acerca a un nivel de precio que no se veía desde 2020, a la vez que importantes empresas del sector registran potenciales insolvencias.

Monedas. (Adam Gault/Getty Images)

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