Crypto News

The Federal Reserve is expected to cut rates this week, though analysts don't see much of a crypto price bump immediately following.Source link

Bitcoin (BTC) surged to over $106,000 in early Asian hours, setting new all-time highs before quickly retreating to $104,500 amid concerns about the upcoming U.S. Federal Reserve (Fed) rate cut.The U.S. central bank is expected to reduce the benchmark borrowing cost by 25 basis points to the 4.25% to 4.5% range, marking a total easing of 100 basis points since September. However, there are concerns that the accompanying Fed commentary will seek to temper expectations for further easing, potentially diminishing the bullish impact of the rate cut.The Fed will announce its rate decision, the dot plot, comprising interest rate projections, and economic forecasts on Dec. 18 at 14:00 ET. A press conference by the Fed Chair Jerome Powell will occur...

BitMEX has announced the launch of VELOUSDT perpetual swap, offering traders up to 50x leverage. The listing went live on December 16, 2024, enhancing trading options on the platform. (Read More)Source link

Step into a world where finance shakes hands with freedom, and the internet becomes your personal playground. Welcome to the fascinating domains of decentralized finance (defi) and Web3. Decentralized Finance and Web3—What Do They Really Mean? Defi, short for decentralized finance, brings financial services to public blockchains like Ethereum, offering a gateway to activities suchSource link

Major corporations like Tesla and MicroStrategy are adopting Bitcoin as a treasury asset, leveraging its deflationary properties as a hedge against inflation and economic uncertainty. (Read More)Source link