Arcane Research: Decline in WBTC Likely Related to Celsius Loan Payment
Glassnode data shows the number of wrapped bitcoin (WBTC) declined to around 236,000, the lowest level since bitcoin (BTC) hit all-time highs in late 2021. According to Arcane Research, the drop could be related to Celsius repaying a WBTC loan as the troubled lender filed for bankruptcy. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Spikes Above $22K as Fed Raises Rates by 75 Basis Points Again
Bitcoin (BTC) climbing above $22,000 Wednesday as the U.S. Federal Reserve announced a second consecutive 75 basis-point rate hike. Marketgauge Group Managing Director Michele Schneider and Bitwise Asset Management President Teddy Fusaro join "All About Bitcoin" to discuss what the decision means for the crypto markets.
Federal Reserve Hikes US Interest Rate by 0.75 Percentage Point
The latest monetary policy decision from Federal Open Market Committee brings the federal funds rate to a range of 2.25%-2.5%. Bitcoin's price was little changed after the announcement.
Bitcoin Maximalist Michael Saylor Makes the Case Against Ethereum
The MicroStrategy CEO cautioned that the "protocol doesn’t look like it's going to be completed or stable for another 36 months."
Bitcoin Above $21K Ahead of Key Fed Decision
Arca’s Director of Research Katie Talati discusses her outlook for bitcoin (BTC) as the largest cryptocurrency by market cap climbs above $21,000. She also weighs in on institutional traders’ mixed views about Tesla selling $936 million worth of bitcoin in the second quarter.
First Mover Americas: Crypto Traders Await Fed Meeting, Bitcoin Rises, Cathie Wood's Ark Dumps Coinbase Shares
The latest price moves in crypto markets in context for July 27, 2022.
Crypto Traders Split on Upcoming Fed Rate Hike's Impact on Bitcoin
The U.S. central bank has raised rates by 150 bps since March, injecting volatility into asset markets. Some analysts expect BTC to stay resilient after Wednesday's expected hike.
First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles
Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls.
Market Wrap: Bitcoin Declines Further as Momentum Wanes
BTC is approaching support at about $20.5K; the options market implies concerns of additional price declines.
