Bitcoin News – Page 162

Bitcoin Price Prediction as Fed Chair Powell Says May Be a ‘Couple of Years’ Before Rates Can Be Cut – Will BTC Crash to $20,000 Soon?

June 16, 2023

As Bitcoin continues its volatile journey, the latest statement from Federal Reserve Chair Jerome Powell has sparked concerns among investors. Powell’s remarks suggesting that it may be a “couple of years” before interest rates can be cut have left many questioning the future trajectory of Bitcoin’s price. With this uncertainty looming, there are growing speculations…
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“Bitcoin Mayor” Francis Suarez of Miami Throws in His Republican Bid for Presidency

June 15, 2023

The pro-bitcoin mayor of Miami Francis Suarez is running for US president. Suarez announced his run on Thursday morning on Twitter. “My Dad taught me that you get to choose your battles, and I am choosing the biggest one of my life. I’m running for President,” he tweeted. Suarez joins other Republicans in an increasingly…
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Twitter Founder Jack Dorsey Backs Bitcoin Nonprofit Brink with $5 Million Investment – What Does it Do?

June 15, 2023

Circle’s founder Jack Dorsey has decided to inject some $5 million into Bitcoin non-profit Brink, providing the organization with funds to finance its support for independent BTC developers. In a tweet, Brink thanked the entrepreneur for the funds which, as it explained will be allocated to the non-profit in five installments of $1 million each. ……
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Billionaire Michael Saylor Says Bitcoin Will ’10X’ When US Regulation Path Becomes Clear

June 14, 2023

Michael Saylor, the co-founder and former CEO of MicroStrategy, believes regulatory clarity in the US on digital assets would catalyze a surge in the price of Bitcoin. In a recent interview with Bloomberg, Saylor predicted that BTC would increase by 10x in value after the public realizes Bitcoin’s true potential.“The next logical step is for…
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Bitcoin Hover Near $26,000 Ahead of Key Fed Policy Announcement – Here’s How the BTC Price Might React

June 14, 2023

The Bitcoin (BTC) price is hovering close to $26,000, well within its recent intra-day ranges in the lead-up to Wednesday’s key US Federal Reserve policy announcement. The US central bank is expected to pause its cycle of aggressive interest rate hikes that began last March and have seen the bank lift rates by 500 bps…
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Blockstream CEO Adam Back: Bitcoin’s Antifragility Will Prevail Amid Regulatory Pressures

June 13, 2023

Despite the US Securities and Exchange Commission (SEC)’s crackdown against the biggest companies in crypto, one Bitcoin diehard isn’t breaking a sweat. Adam Back – CEO of Blockstream and popular cypherpunk – believes the crypto industry will simply adapt and relocate if it can’t find a home within the United States. … Read More: Blockstream CEO…
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Bitcoin Price Prediction as Bulls Secure the $25,000 Level – Has BTC Bottomed Already?

June 12, 2023

As Bitcoin’s price hovers around the $25,000 level, cryptocurrency enthusiasts and investors are eager to determine whether the market has reached its bottom or if further price fluctuations lie ahead. With the bulls managing to secure the crucial support level, there is optimism among some observers that Bitcoin may have bottomed out…. Read More: Bitcoin…
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Bitcoin Now Undervalued vs S&P 500, According to This Metric

June 9, 2023

Bitcoin (BTC) is now undervalued versus the S&P 500. That’s according to a metric that runs an Ordinary Least Squares (OLS) regression of the relationship between bitcoin and S&P 500 over the last 200 days to estimate of fair value for the Bitcoin price based on the current S&P 500 price. This methodology (an OLS…
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Bitcoin Reverses Post-US Jobs Data Upside as SEC Chair Gensler Lambasts Crypto Indsutry – Where Next for BTC Price?

June 8, 2023

Bitcoin saw a small pop this morning on weaker-than-expected weekly initial jobless claims, rising from under $26,500 to at one point above $26,800. Claims jumped to 261,000 last week, up from 233,000 a week earlier, marking the second-highest reading of the year. While 261,000 initial claims in one week isn’t a disastrous number, it is…
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El Salvador’s Bitcoin Mining Industry Sees Tether Join its $1 Billion Venture

June 7, 2023

After the massive losses that followed the collapse of the crypto exchange FTX, users lost confidence in lending, custody, and cryptocurrency service providers. The fear of losing assets, as with FTX, plagues people’s minds after the commotion. Some experts believe it will take a while for fear, uncertainty, and doubt (FUD) to clear from people’s…
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