Tag: Markets

‘Forget a pivot’ — Markets won’t see Fed rate cut boost in 2023, says analyst

Bitcoin (BTC) and other bulls will not benefit from a major change in United States inflation policy in 2023, one analyst says. In a Twitter thread on Dec. 20, Jim Bianco, head of institutional research firm Bianco Research, said that the United State Federal Reserve would not “pivot” on rate hikes next year. Bianco: Japan YCC move “matters for all markets” In light of the surprise yield curve control (YCC) tweak by the Bank of Japan (BoJ), analysts have become all the more bearish on the prospects for risk assets this…

ETH Back Above $1,200 as Bank of Japan Policy Decision Impacts Markets – Market Updates Bitcoin News

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Ethereum rose back above the $1,200 level on Tuesday, as the dollar rebounded following the latest Bank of Japan (BOJ) policy decision. The bank adjusted its yield curve control, which increased its cap on the 10-year government bond, allowing moves of up to 50 basis points (bps), up from 25 bps. Bitcoin also rose on the news, climbing closer to $17,000 Bitcoin Bitcoin (BTC) moved closer to the $17,000 level on Tuesday, as traders reacted to the latest Bank of Japan policy decision. BTC/USD surged to a peak of $16,837.65…

BTC, ETH Consolidate as Markets Prepare for Christmas Break – Market Updates Bitcoin News

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Bitcoin continued to consolidate to start the week, as market volatility remained in place ahead of the Christmas holidays. The world’s largest cryptocurrency remained below $17,000 on Monday, as price attempted to break out of a key resistance level. Ethereum was below $1,200 on Monday. Bitcoin Bitcoin (BTC) started the week below $17,000, as prices continued to consolidate following a volatile weekend. Following a low of $16,671.80 on Sunday, BTC/USD rose to a peak of $16,815.39 earlier in today’s session. Monday’s move saw the world’s largest cryptocurrency rise above a…

‘Wave lower’ for all markets? 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts the week before Christmas with a whimper as a tight trading range gives BTC bulls little cheer. A weekly close just above $16,700 means BTC/USD remains without major volatility amid a lack of overall market direction. Having seen erratic trading behavior around the latest United States macroeconomic data print, the pair has since returned to an all-too-familiar status quo. What could change it? That is the question on every analyst’s lips as markets limp into Christmas with little to offer. The reality is tough for the average…

Bahrain Telecom Operator Starts Accepting Crypto Payments – Emerging Markets Bitcoin News

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Stc Bahrain, a subsidiary of the Bahrain telecoms operator Stc Group, recently said its partnership arrangement with payment service provider Eazy Financial Services has created an opening that allows clients to pay bills using crypto. According to a statement, the telecom operator’s move demonstrates its “strong focus on advancing Bahrain’s fintech sector as world-class digital enablers.” ‘Rapid Digitization Across the Globe’ The Bahrain telecom operator, Stc Bahrain, recently revealed in a statement that it now accepts cryptocurrencies, ostensibly making it the first in the kingdom to do so. The statement…

US Financial Regulators Urge Congress To Pass Cryptocurrency Spot Markets Legislation

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A council consisting of the US’s top financial regulators is urging Congress to regulate cryptocurrency spot markets. The Financial Stability Oversight Council, made up of the heads of the U.S. Securities and Exchange Commission (SEC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board and other top regulators, issued its annual report this week. The council says crypto assets that are not securities have limited federal regulations and urges Congress to rectify that. “As a result, those markets may not be subject to a regulatory framework designed to ensure…

Coinbase is ‘a major on-ramp and off-ramp’ to blockchain development: Analyst

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Coinbase #crypto #yahoofinance JMP Securities Director of Financial Technology Research Devin Ryan joins Yahoo Finance Live anchors Rachelle Akuffo and Seana Smith to discuss the collapse of the FTX-Binance deal and ensuing crypto market collapse, what’s the next for investors, Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that…

NFT Sales This Week Jumped 27% Higher, Cryptopunks Rise Above Bored Apes – Markets and Prices Bitcoin News

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On Dec. 14, 2022, statistics show that non-fungible token (NFT) sales jumped 27.72% higher than NFT sales recorded last week. The Bored Ape Yacht Club (BAYC) NFT collection captured the most sales this week but on Wednesday afternoon, the floor value tied to Cryptopunks once again jumped above the floor value associated with the BAYC NFT collection. $154 Million in NFT Sales Recorded Over the Last Week, Cryptopunks’ Floor Values Rise From last Wednesday up until today, $154.78 million in sales were recorded over the last seven days which is…