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The latest crypto coverage from the TrustFinance editorial desk.
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.
Bitcoin's price remained stable early Monday as traders balanced escalating Middle East tensions against the growing likelihood of a Federal Reserve interest rate hike this week. Regulatory uncertainty in the U.S. also contributed to cautious market sentiment.
Bitcoin's price remained steady around $77,200 as investors weighed the headwinds of high interest rates against a report from Bitcoin Suisse arguing for the asset's role as a portfolio diversifier.
The world's largest cryptocurrency is facing potential selling pressure as on-chain data reveals a two-year high in Bitcoin reserves on the Binance exchange, even as surveys indicate growing long-term institutional interest.
