Stocks And Bitcoin Edged Higher On Fed Pivot Speculation

Bitcoin rebounded swiftly after a sharp decline to $18,700. The asset was last seen trading at $19,121. Stocks equally trailed upward, recording gains of 1.5 percent, despite opening low at 0.3 percent.  Why Are Assets On The Rise? Nick Timiraos, dubbed Fed’s mouthpiece by ZeroHedge, shared his opinion on the possible reason behind the market’s … Read more

Valkyrie Plans To Liquidate Its Bitcoin ETF Following Low Demand

The U.S.-based exchange-traded fund (ETF) issuer has announced that it would liquidate one of its several ETFs invested in firms exposed to Bitcoin. Low Customer Demands Forces Liquidity According to Valkyrie Funds LLC, its Valkyrie Balance Sheet Opportunities Fund (Nasdaq: VBB) will be delisted from the trading platform. The Nasdaq-listed Bitcoin-based digital asset has been … Read more

Refrain From Raising Crypto Interest Rates – UN Pleads

There has been a significant decline in the price of crypto since Jerome Powell, the chairman of the Federal Reserve, released the reserve’s intention to raise the interest on crypto transactions on the 21st of September, 2022, during an economic conference. Just as expected, the UN (United Nations) has swung into action as it involves … Read more

ETH Suffers Over $15 Million Loss, Dropping 10% Against BTC

Economic variables and authoritarianism issues exert pressure on the after-merge Ethereum price. The merging of Ethereum, scheduled to occur on the 15th of September 2022, happens to be an event that will continue as it turns out to be a “buy the rumor, sell the news” event.  After the merge, it was observed that ETH … Read more