The likelihood of a Federal Reserve interest rate hike on September 16 has surged to 86.5%, putting pressure on major cryptocurrencies like Bitcoin, Ethereum, and XRP. This potential rate increase is driven by rising U.S. inflation data, which has unsettled crypto markets. Bitcoin is consolidating near key resistance levels, Ethereum eyes a move toward $3,000 if it breaks current resistance, while XRP struggles to hold critical support at $1.35 amid whale selling and reduced network activity. The Fed's decision will significantly impact borrowing costs and risk assets, making the upcoming meeting crucial for crypto traders.
Bitcoin's open interest in perpetual futures rose to $8.09 billion on Oct. 21, up 4.04% from Oct. 18, indicating growing trader engagement. Ether followed with $5.69 billion, while XRP saw the largest percentage increase at 5.57%. Solana was the only...
Bitcoin has recovered to above $84,500 following the Office of the Comptroller of the Currency's (OCC) finalization of the GENIUS Act stablecoin regulations, which will take effect on January 18, 2027. These rules impose strict standards on stablecoi...
Open interest in crypto derivatives has risen to $41.6 billion, driven by Bitcoin at $23.4 billion, Ethereum at $15.5 billion, and Solana at $2.7 billion amid a price recovery. This increase signals growing trader participation and higher leverage us...
A Bitcoin trader increased their long position by about $1.6 million and closed a previous long position of 104.81 BTC valued at approximately $8.7 million. The closed long was opened at an average price of $82,971.69 per BTC and closed at $83,068.30...
A recent Bank for International Settlements (BIS) paper argues Bitcoin can't function as everyday money due to lack of credit structures and public backstops, while Michael Saylor agrees Bitcoin is better as capital than currency. Both see credit as ...
