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Markets
NY Fed: Stablecoins Are Not the Future of Payments
Researchers at the New York branch of the U.S. central bank think tokenized deposits are the better way to go.
XRP Leads Gains in Major Cryptos, Bitcoin Holds Above $42K
Stronger-than-expected U.S. jobs data and bitcoin adoption by two major credit unions supported a price recovery, analysts said.
Shiba Inu's SHIB Rockets 26%, Leads Meme Coin Gains
Several dog-themed tokens were the top gainers on Monday amid a recovery in the broader crypto market.
Bitcoin Tops $40K for First Time in 2 Weeks
The price dipped Friday after the U.S. jobs report for January, but reversed as traders grew more confident that the downside is limited.
US Jobs Report Shows Gain of 467,000 in January, Exceeding Expectations
Bitcoin traded slightly lower after the report, as the number keeps pressure on Fed to tighten.
India's Crypto Tax May Curb Excessive Speculation, Bring Institutional Demand
The proposed tax structure is less of a concern for long-term holders than short-term traders, one SHIB holder said.
Bitcoin Capped Below $40K Resistance; Support at $35K
Buyers have consistently lost ground to sellers.
Crypto Options Trading Volume Surged in January as Prices Fell
The drop in prices kicked off certain trading strategies.
Bitcoin Turns Lower From Bearish Trendline, Support at $35.5K
Sellers look to regain control after bulls' failure to break through technical resistance.
ECB, BOE Have Scant Leeway to Influence Bitcoin
While all macro decisions matter, the Fed is the most important as it drives the global policy, one observer said.
