Bitcoin futures traders liquidated shorts after today’s Fed FOMC comments aligned with the market consensus. Source link
Month: January 2025
Crypto PAC-supported candidates win Florida congressional primaries
Republicans Jimmy Patronis and Randy Fine have a good chance of winning their respective races for Florida House districts on April 1. Source link
XRP bull trap lurks below $2.95 — Will altcoin traders take the bait?
An XRP price drop below $2.95 could be a bull trap to collect downside liquidity, but the same scenario could be followed by a 45% rally to new highs. Source link
Bitcoin holds $100K as Fed keeps rates steady, Powell remains cautious on cuts
Key Takeaways The Fed maintained rates at 4.25%-4.50%, with Powell avoiding commitments on future cuts while removing prior language on inflation progress. Bitcoin declined 1% following the Fed’s announcement but remains above $100K, currently trading just below $102K. Share this article The Federal Reserve maintained interest rates between 4.25% and 4.50% on Wednesday, while removing previous language acknowledging progress on inflation from its statement. Fed Chair Jerome Powell indicated that future rate adjustments will be contingent on incoming data, labor market trends, and inflation developments. Bitcoin dropped 1% after the…
Gary Gensler returns to MIT — Here’s what he taught last time
Gensler asked his students at the outset of his previous course at MIT whether they thought crypto would change the future of finance. Source link
CME to launch options on Bitcoin “Friday” futures
The US futures exchange will offer retail-friendly, cash-settled tools for managing risk tied to Bitcoin’s volatility. Source link
Getgems bets on Telegram for NFT adoption, OpenSea airdrop backlash: Nifty Newsletter
NFT marketplace Getgems continues to bet on NFTs, hoping that Telegram will spur adoption for the asset class in 2025. Source link
Bitcoin The Ultimate Hedge Against $97T Global Liquidity Bubble
In the intricate dance of global finance, few metrics are as telling as the M2 money supply—a measure of global liquidity. Currently sitting at a staggering $97 trillion and climbing, this figure encapsulates the vast flow of cash, deposits, and near-money circulating across the global economy. For Bitcoin investors, this metric is far more than an academic curiosity; it’s a compass guiding market sentiment and price trends. Global M2 money supply is at $97T and increasing. 💵 One of the most important charts to watch for the remainder of this…
Price analysis 1/29: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK, AVAX, XLM
Bitcoin’s volatility is likely to pick up following Fed Chair Jerome Powell’s comments, but the potential direction of the price move remains elusive to most traders. Source link
Bitcoin: What Went Wrong?
Something has fundamentally changed in this ecosystem. A big shift in the core ethos of things. Regardless of what you think about politics in the wider world, Bitcoin itself as a network and protocol was something explicitly designed to function in a hostile environment, in an environment where politics and governments are actively antagonistic towards it. The core value proposition of Bitcoin itself is that, as a system, it can continue functioning despite such antagonism in a hostile environment. It can be a foundation for us to build upon, with…