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The latest crypto coverage from the TrustFinance editorial desk.
Bitcoin's price remained stable early Tuesday as market participants brace for a pivotal U.S. Senate vote on the Clarity Act for crypto regulation and a widely anticipated interest rate hike from the Federal Reserve.
Bitcoin's chart has formed a 'golden cross,' a key bullish technical signal, supported by a $3.8 billion inflow into spot ETFs over the past three weeks. However, historical performance of the signal is mixed and significant market resistance lies ahead.
Bitcoin's price rose after August inflation figures met economist expectations, strengthening the case for a Federal Reserve interest rate increase next week. The rally in risk assets was tempered by ongoing geopolitical tensions.
Bitcoin's price recovered on Wednesday, buoyed by renewed investor interest in crypto ETPs, but concerns over a potential Federal Reserve rate hike and rising oil prices limited further advances.
Brian Armstrong, CEO of Coinbase Global, stated that he believes Bitcoin has reached its lowest point for the current four-year cycle and anticipates an upward trend over the next one to two years ahead of the next halving event.
Institutional investors are shifting focus from whether to invest in crypto to how to integrate it into retirement accounts, a move that could tap into the $12 trillion U.S. IRA market but requires new solutions for managing volatility.
A surprisingly high U.S. Producer Price Index reading for August has intensified investor concerns about future Federal Reserve rate hikes, triggering a broad sell-off in risk assets that sent Bitcoin tumbling below the $77,000 level.
Bitcoin prices recovered modestly on Monday after a weekly loss, as traders balanced escalating Middle East tensions driving oil prices with growing expectations for a U.S. Federal Reserve interest rate hike.
Bitcoin is trading in a narrow, multi-week range between approximately $76,300 and $81,300, with technical indicators suggesting a significant price move may be imminent once this consolidation period ends.
