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Why has the world's largest cryptocurrency, Bitcoin, experienced a decline recently? The analyst evaluated the current situation.
Bitcoin hashrate is rising, reflecting increased confidence in BTC's value amid advancements in mining technology.
Kenya's Treasury Secretary unveils plans to legalize cryptocurrencies, introducing regulations to harness blockchain potential while tackling money laundering and fraud risks.
With one year in the books, spot bitcoin ETFs have generated over $660 billion in trading volume.After amassing over $50 billion in assets under management (AUM) in the past year, BlackRock’s IBIT fund emerged as the clear leader among spot bitcoin ETFs.Bitcoin’s standing as an accepted asset class took on new shape thanks to the new financial instruments.
- 21:31Fed Chair Powell: Fed Not Doing Anything Aimed at Boosting CBDCsFederal Reserve Chairman Jerome Powell said that the Fed has not undertaken any work aimed at promoting the development of retail central bank digital currencies (CBDC).
- 21:30AAVE breaks through $250Golden Finance reported that the market shows that AAVE breaks through $250, now at $250.12, up 2.7% in 24 hours, the market fluctuates, please do a good job of risk control.
- 21:28Fed Chair Powell cautions against over-interpreting CPI dataFederal Reserve Chairman Jerome Powell on Wednesday warned against over-interpreting data showing the largest year-over-year increase in the Consumer Price Index (CPI), while acknowledging that the reading was substantially higher than expected. Speaking at a hearing of the House Financial Services Committee, Powell said, ‘The CPI reading was higher than almost all forecasts, but I just want to caution on two points. First, we don't get excited by one or two good readings and we don't get excited by one or two bad readings. Second, our inflation targeting focuses on the Personal Consumption Expenditures (PCE) price index because we think it's a better measure of inflation. As such, you need to know how the conversion from CPI to PCE works, and we'll have more data on that tomorrow from the Producer Price Index (PPI). Later tomorrow we will know what the PCE reading is.’