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Bitcoin Holds Near $29K as Investors Weigh Rate Increases, Banking Contagion

BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range.

Higher interest rates and energy shortages have triggered concerns over a potential global recession (Getty Images)

Mercados

Bitcoin's Dominance Rate Surges After U.S. Banking Crisis

Bitcoin's outperformance during the banking crisis indicates the cryptocurrency is the anti-dollar liquid play for investors, one portfolio manager said.

Bitcoin's dominance rate vs the SPDR S&P regional banking ETF (TradingView/CoinDesk)

Mercados

Bitcoin Falls Slightly After Fed Rate Hike

BTC was down about 1% after the U.S. central bank boosted the federal funds rate by 25 basis points. Fed Chair Jerome Powell noted the central bank had omitted language signaling additional rate hikes at upcoming meetings.

Federal Reserve Chairman Jerome Powell (Drew Angerer/Getty Images)

Mercados

Sui Token Surges as Trading Begins, Giving the Network a Fully Diluted Value of $13B

SUI tokens were offered to users of multiple crypto exchanges in a presale last week.

SUI surged 1,000% after its trading open on Binance. (Binance)

Mercados

TrueUSD's Borrowing Rates Jumped to 100% as TUSD Soared to $1.20: Kaiko

Traders shorted TUSD to capture a 20% upside for the token’s intended $1 peg.

TUSD depegged temporarily due to low liquidity. (Kaiko)

Finanças

Crypto Trading Platform Enclave Starts Fully Encrypted Spot Exchange

The new platform is secured by independent attestors, including Blockdaemon, Ava Labs, Republic Crypto and Enclave.

(Getty Images)

Mercados

Pepecoin Overtakes Dogecoin, Shiba Inu Trading Volumes as Early Buyers Take Profits

One trader infamously took on a 50% slippage for getting out of their pepe position.

(Getty Images)

Mercados

Bitcoin Climbs Above $28.5K as Investors Weigh Fresh Bank Woes, Cool Jobs Data

Ether also rose. Equity markets dropped, including stocks of two regional banks.

Bitcoin price chart. (CoinDesk)

Mercados

Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank

BTC’s price had dropped from well above $29,000 on Sunday. Investors await Wednesday’s FOMC interest rate decision.

(Shutterstock)

Mercados

Bitcoin Circles Above $29.5K as Investors Weigh Sluggish GDP, Latest Banking Woes

BTC dipped slightly during U.S. morning trading Thursday on the Commerce Department reporting a tepid gain in GDP for the first quarter and disappointing personal consumption data, before rebounding.

Bitcoin price chart (CoinDesk)