Bitcoin Turbulence May Be in 'Darkest' Phase: Report
Bitcoin is entering a phase consistent with deep bear-market cycles this week, according to Glassnode. “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”
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.”
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.
Tron Bolsters Reserve Again; Fed Decision Market Wobbles
$500 million in USDC added to Tron DAO USDD reserve. Coinbase cuts nearly a fifth of its workforce. Michael Saylor, Microstrategy stick to their guns on Bitcoin. Crypto market braces for U.S. Federal Reserve rate decision. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”