Coindesk

By Omkar Godbole (All times ET unless indicated otherwise)The one thing bitcoin (BTC) bulls constantly discuss is liquidity easing through Fed interest-rate cuts and the possibility of rates falling back to zero, just as in 2020-21. Back then, the zero rate triggered an unprecedented bull run throughout the financial markets, including low-cap altcoins.Now, new analysis from the Federal Reserve Banks of New York and San Francisco shows a 9% chance of the benchmark fed funds rate falling to the so-called zero lower bound within the next seven years. Current data shows expectations for elevated interest rates, but the chance of a zero level remains significant over the medium to long term, it said.That's in the long term. The probability of...

Disclaimer: The analyst who wrote this article has shares in Strategy (MSTR).Strategy (MSTR) now holds almost $65 billion in bitcoin (BTC), which makes it the 11th largest corporate treasury holder of bitcoin in the U.S.In its investor presentation for the new STRD at-the-market equity program, Strategy compares itself to companies that hold cash on their balance sheets. Berkshire Hathaway ranks No. 1, holding $410 billion in cash and cash equivalents. Chipmaker NVIDIA (NVDA), the world's largest company by market cap, holds $66 billion in cash and cash equivalents.In the presentation, MSTR said it is on track to achieve both its bitcoin percentage yield and bitcoin dollar gain targets for 2025. The target for bitcoin yield is 25%, and so far...

BlackRock’s iShares Bitcoin Trust (IBIT) now holds 700,000 bitcoin (BTC), according to Glassnode data, and has amassed $76 billion in assets under management in just 18 months, outstripping both the iShares Core S&P 500 ETF (IVV), which tracks the U.S. equity benchmark, and iShares Russell 2000 ETF (IWM), which tracks the performance of small-cap U.S. stocks.The figures beats the 600,000 BTC held by Strategy (MSTR), which started purchases in 2020, and compares with Fidelity FBTC's 203,000 BTC and Grayscale GBTC's 184,000 BTC.“New milestone, iShares Bitcoin ETF now holds over 700,000 BTC. 700,000 Did this in 18 months. Ridiculous,” Nate Geraci, president of The ETF Store, commented in a post on X.The U.S. spot bitcoin exchange-traded funds (ETFs) debuted in January...

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Shares in cryptocurrency exchange Coinbase recently rose to $380, reclaiming valuations last seen on its Nasdaq debut on April 15, 2021, according to data source TradingView.The round trip, encompassing a recovery from the 2022 low of $31.55, has triggered an inverse head-and-shoulders (H&S) breakout on the weekly chart, indicating a prolonged uptrend potentially to levels above $600.Understand inverse H&SAn inverse head-and-shoulders pattern comprises three troughs, with the middle one being the deepest, marking peak bearishness, and the other two relatively shallower and roughly equidistant in magnitude.The shallower right shoulder, a sign of buyers looking to reassert themselves, is where volumes tend to pick up. Still, the...

The Trump crypto conference tour continues, with Eric Trump confirmed to speak at BTC Asia conference in Hong Kong in August.Hong Kong is pushing through a variety of pro-crypto legislation through its local assembly, known as LegCo. The city had its own stablecoin legislation before the U.S. passed the GENIUS Act.Trump, speaking earlier this year at Consensus Toronto, praised bitcoin’s liquidity, calling it superior to real estate, and referred to it as “digital gold.”He also expressed sympathy for the crypto community, claiming that the same group that targeted it under the Biden administration had also attacked his father, former President Donald Trump.Trump's brother, Donald Trump Jr., is also a regular fixture on the conference circuit and is scheduled to speak...