Investors awaited a House vote on the debt ceiling deal, scheduled for Wednesday.
Bitcoin Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments
“The financial stability tools helped to calm conditions in the banking sector. Developments there, on the other hand, are contributing to tighter credit conditions,” says U.S. central bank chair Jerome Powell in a Friday panel.
Bitcoin Drops Below $27K as Investors Continue to Weigh Debt Ceiling Talks, Regulatory Actions
BTC reversed its morning gains, declining below $26,500 before recently rebounding.
Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations
Treasury Secretary Janet Yellen warned the U.S. could breach its debt limit by June 1, potentially setting off a recession in the event of default.
Bitcoin Rebounds Above $27K as Investors Weigh Debt Ceiling Debate, Liquidity Concerns
Investors have been eyeing particularly low liquidity in crypto trading as market makers turn cautious.
Crypto Investment Funds See Outflows for Fourth Consecutive Week
Bitcoin-related products accounted for $38 million of the $54 million in total outflows.
Bitcoin Edges Below $27K as Latest Bank Crisis Fails to Trigger Price Increase
BTC has been trading largely below the psychologically important $30,000 mark since late April, as investors wrestle with recent bank sector debacles and other macroeconomic uncertainties.
Bitcoin Dips Below $27K, Reversing Post-CPI Rally
The BTC/USD trading pair on Coinbase was trading as low as $26,800 before regaining some ground.
Bitcoin Moves Sideways at $27.5K as Investors Await CPI Inflation Reading
Equities slid. Investors will be watching Wednesday’s release of the April Consumer Price Index for clues about the Federal Reserve’s next monetary policy decision.
Crypto Options Liquidity Provider OrBit Markets Offers Bitcoin and Gold-Hybrid Derivative
The company said the product’s finalized payoff depends on the joint performance of both BTC and its gold-backed token XAUT.
Bitcoin Falls Below $27.5K as Investors Weigh Meme Mania, Binance Congestion Issues
Ether’s deflationary narrative continues despite Monday’s price drop. Major crypto assets traded down on Monday.
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.
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 that the central bank had omitted language signaling rate hikes at upcoming meetings.
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 Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank
BTC’s price had dropped from well above $29,000 since Sunday evening. Investors await Wednesday’s FOMC decision.
Bitcoin Circles Above $29.5K as Investors Weigh Sluggish GDP, Latest Banking Woes
BTC dipped slightly during U.S. morning trading Thursday after the Commerce Department reported a slow 1.1% gain in GDP for the first quarter – below consensus expectations of 2% annualized – but later rebounded.
NFT Collective Proof Is Building a 3D World for Its Moonbirds Community
The Moonbirds Monaverse on 3D world-building platform Mona will let NFT holders participate in virtual community experiences.
Web3 Can Be “the Trust Layer” to Counter Issues Raised by AI
Journey’s Cathy Hackl shared how the Web 3 ecosystem can empower AI during CoinDesk’s Consensus 2023 conference in Austin.
Technology Is Blocking Mass Adoption of Web3
The clumsy and confusing user experience of onboarding into Web3 is preventing broad adoption, but technological improvements are the solution, says a panel of Web3 executives.
Regulation Clarity Will Bring on More Consumer Web3 Users, PepsiCo’s Executive Says
PepsiCo Head of Next Gen DTC Connections and Innovation Kate Brady talks about the urgency in regulatory clarity in the customer web3 space at CoinDesk Consensus 2023 conference.