Bitcoin steady above $78,000, HYPE leads as majors slip on hawkish Fed bets
Ether, solana, tron and dogecoin all shed ground over 24 hours while HYPE added about 4%, leaving bitcoin flat on the week after August’s 24% run.
Steady
Bitcoin steady as Japan holds rates at 1%, keeping the yen carry trade alive
Bitcoin traded near $63,900 on Friday, roughly flat, as the Bank of Japan left its benchmark rate at 1% and Governor Kazuo Ueda’s attempt to sound hawkish landed softly with markets. The yen gave back its move during his press conference, and the dollar-yen pair… Read More
Tesla holds bitcoin steady, reports $112M impairment loss
Tesla (TSLA) held its bitcoin BTC$65,890.22 holdings unchanged during the second quarter, maintaining its treasury of 11,509 BTC as the cryptocurrency’s price declined 14% over the three-month period. The electric vehicle maker reported an after-tax impairment loss of $112 million on its digital asset holdings,… Read More
Federal Reserve holds rates steady in first decision under Chair Kevin Warsh
The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, a move markets had expected nearly unanimously. “Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East,” the… Read More
Jump Crypto’s ‘Firedancer’ is taking a slow and steady approach to its long-awaited Solana infrastructure rollout
In an interview with CoinDesk, the lead engineer at Firedancer gives an update on how the new client, also known as a software, is fairing in the Solana ecosystem.
Bitcoin (BTC) price holds steady, with one analyst seeing the upside emerging: Crypto Daybook Americas
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$70,355.26 has stabilized above $70,000. Its relative strength is noteworthy given the selloff over the week, which saw it drop from over $75,000. Most assets saw sharp downturns over the period as the conflict in… Read More