Cryptocurrencies including bitcoin and ether dropped after the Federal Reserve kept interest rates steady but signaled a more hawkish stance on inflation, suggesting rates may stay higher for longer. This tightening of financial conditions weighed on risk assets like crypto, despite stocks rising on news of a signed Iran peace deal that eased geopolitical tensions. Bitcoin traded around $63,900, down 3% in 24 hours, while ether and other major tokens also fell. Analysts expect bitcoin to remain between $60,000 and $70,000 unless new catalysts like U.S. crypto legislation or further Iran de-escalation emerge. The market appears to be consolidating amid cautious investor sentiment under the tighter Fed policy environment.
Bitcoin's status as digital gold will be proven by its adoption among sanctioned states rather than its price performance, according to Bitwise's Gordon Grant. He argues that these countries, including Russia and Iran, are quietly accumulating Bitcoi...
The XRP Ledger (XRPL) has integrated with Axelar Network, enabling seamless cross-chain asset transfers and instant settlement on XRPL. This allows assets like XRP, wrapped Bitcoin, Ethereum tokens, and stablecoins to move freely between multiple blo...
Bitcoin's price has been stable since June but may be topping out near $64,360 resistance. Short-term indicators suggest a possible pullback to $60K if support at $62,250 breaks. However, a bullish inverse head and shoulders pattern could drive a ral...
The US, Iran, and Oman are close to an interim deal to reopen the Strait of Hormuz, a vital oil shipping route, with talks focusing on suspending tolls and clearing naval mines. President Trump warned Iran of a strong military response if it backs ou...
Bitcoin is currently trading at $64,092, significantly below the Bitcoin Rainbow Chart's lowest valuation band of $105,087 for August 31. This chart, which tracks Bitcoin's long-term logarithmic growth, suggests the cryptocurrency is deeply undervalu...
