Bitcoin fell to around $63,500 following July's Consumer Price Index data that matched analyst expectations, easing immediate concerns about Federal Reserve rate hikes but failing to boost crypto markets. The probability of a September Fed rate hike dropped from 46% to 38%, while gold gained 1.3%. South Korea's KOSPI index surged over 20% from its July low, confirming a bull market, driven by strong performances from Samsung and SK Hynix. AI-related stocks Super Micro Computer and CoreWeave each rose 19% after solid quarterly results. Investors now focus on upcoming key events like the Jackson Hole symposium and September inflation and employment reports for further market direction.
Bitcoin surged 5% to $81,914, helping the total cryptocurrency market cap reclaim $2.8 trillion and nearly reach $2.9 trillion during a broad weekly rally. Altcoins outperformed Bitcoin, with Hyperliquid (HYPE) hitting a new high of $94.48 and Zcash ...
Strategy (MSTR) stock surged 16.39%, closing at $153.92 after heavy trading volume more than doubling its average daily shares. The rise is closely tied to Bitcoin's price, as Strategy holds around 845,000 BTC worth about $69 billion, making Bitcoin'...
Bitcoin's price surged above $81,000 following the Federal Reserve's 25 basis point rate increase, despite the Senate's failure to advance the Digital Asset Market CLARITY Act. Arthur Hayes, BitMEX co-founder, argues that the rate hike, which increas...
Russia's Moscow Exchange (MOEX) will launch perpetual futures contracts for XRP alongside Bitcoin, Ethereum, Solana, and TRON on September 22. These contracts, quoted in USD but settled in Russian rubles, allow qualified investors to gain price expos...
Bitcoin surged above $81,700 and Ethereum topped $2,600 following the Federal Reserve's unanimous 25 basis point rate hike, the first since 2023, signaling an end to the rate cut/pause cycle. The rally was further fueled by fresh regulatory moves: th...
