Month: January 2025

Bitcoin clings to 100K ahead of tomorrow’s FOMC meeting

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Key Takeaways Bitcoin remains above $100,000 ahead of the FOMC meeting. Fears of hawkish comments from Fed Chair Powell fuel caution, with broader markets showing pre-meeting volatility. Share this article Bitcoin is holding tightly to the $100K mark as traders brace for tomorrow’s Federal Open Market Committee (FOMC) meeting. After a 3% correction during Tuesday afternoon hours, the token recovered, reflecting cautious optimism among investors ahead of key policy remarks. The Federal Reserve is widely expected to keep interest rates steady at 4.25%-4.5%, with the CME FedWatch tool showing a…

Bitwise files for Dogecoin ETF as institutional interest in meme coins grows

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Key Takeaways Bitwise’s Dogecoin ETF is the first of its kind under the ’33 Act, providing secure, physically backed exposure to DOGE. With physically backed Dogecoin ETF filing, Bitwise aims to legitimize DOGE as a viable institutional-grade asset. Share this article Bitwise filed for a Dogecoin ETF with the SEC, marking the first physically backed structure for the meme coin under the ’33 Act. The filing follows the company’s Delaware corporate registration last week. ETF analyst Eric Balchunas noted, “this is the first Dogecoin ETF registered under the ’33 Act,…