Jack Dorsey’s Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others
The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon.
Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled
Hopes for a series of interest rate cuts in 2024 have been quickly vanishing over the past few weeks as both the economy and inflation exhibit unexpected strength.
MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M
Press Briefing With ChinaAMC Executive Ahead of Tuesday Launch of Hong Kong Spot Bitcoin and Ether ETFs
Zhu Haokang is head of digital asset management and family wealth at one of the ETF providers, ChinaAMC.
Exploding Gold Sales at Pawnshops Offers Lesson for Bitcoin Bulls
As always, rising prices bring forth boosted supplies.
U.S. CPI Comes in Faster Than Hoped, Rising 0.4% in March, 3.5% Y/Y
Stubbornly high inflation has shattered Wall Street expectations for a long series of rate cuts in 2024.
JPMorgan CEO Jamie Dimon’s Annual Letter: Interest Rates Could Go Far Higher Than Many Expect (Full Text)
Dimon believes investors are being overly optimistic with respect to the chances for an economic soft landing.
U.S. Added 303K Jobs in March, Outpacing Expectations for 200K
The ETF-led bitcoin rally has stalled over the past month, at least in part thanks to economic indicators pointing to higher than expected interest rates.
Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary
The world’s largest crypto regained the $69,000 level at one point in the session before slipping a bit.
Near Record High Funding Rate Suggests Bitcoin Pullback Not Over
Though modestly higher today, bitcoin remains lower by about 8% from its record high hit two weeks ago.
Choppy Bitcoin Price Action Continues Ahead of Friday’s Jobs Report
Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction.
Silk Road Bitcoin Worth $2B Moved by U.S. Government: On-Chain Data
Tether Added Nearly 8.9K Bitcoin to Holdings in First Quarter: On-Chain Data
The stablecoin issuer’s BTC holdings now top 75,000 tokens worth about $5 billion.
Bitcoin Sells Off 3%; Is Macro Risk Returning to Market?
U.S. economic data on Thursday has sent rates and the dollar higher.
Michael Saylor’s MicroStrategy Raising Another $500M to Buy More Bitcoin
The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.
U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February
Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed’s willingness to begin cutting rates.
Billionaire Hedge Funder Bill Ackman Mulls Bitcoin
The activist investor has previously mostly steered clear of any involvement in crypto.
U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%
So far in 2024, bitcoin’s concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs.
Bitcoin Tops $57K as Rally Picks Up Steam
The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.