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Minutes from the U.S. Federal Reserve’s policy meeting on December 14-15 show that the central bank is being persistent about unwinding quantitive easing (QE) tactics and that it views ultra-low interest rates as no longer necessary. Global markets immediately dropped after the news was published as stock markets roiled, crypto markets shed billions, and precious … Read more
Bids for the blockchain company’s shares rose after announcing first-ever Bitcoin dividends on Nasdaq. Go to Source Powered by WPeMatico
A Christmas party for stocks masks “a massive amount of weakness,” one commentator warns, as Bitcoin sentiment votes with its feet. Go to Source Powered by WPeMatico
The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps. Go to Source Powered by WPeMatico
The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely “defied expectations.” Proshares Bitcoin ETF Commands Serious Volume Proshares Bitcoin Strategy exchange-traded fund (BITO) … Read more
After launching a Bitcoin investment tool for millionaires earlier this year, Morgan Stanley dives deeper into crypto. Go to Source Powered by WPeMatico
All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging U.S. president Biden to replace Fed chairman Jerome Powell with someone who will address “climate risk.” AOC, Tlaib, Pressley: ‘Climate Change Is a Warning of the Potential … Read more
Wells Fargo is offering its wealthy clients indirect exposure to Bitcoin through a new fund issued in partnership with NYDIG and FS Investments. Go to Source Powered by WPeMatico
The benchmark cryptocurrency retreated alongside risk-on markets as investors shifted their exposure to the U.S. dollar. Go to Source Powered by WPeMatico
Alameda Research, headed by Sam Bankman-Fried, whose net worth lately reached over $8 billion, has upped its Bitcoin buying around its key psychological support of $30,000. Go to Source Powered by WPeMatico
