3 Things to Watch for Before Calling a Bitcoin Bottom
Fed's dot plot may show rate hikes before end-2023 versus the March projections that signaled none until 2024, one analyst said.
"First Mover" takes a look at the crypto markets and what to expect from the Federal Reserve's two-day meeting starting Tuesday. Professor Darrell Duffie of Stanford's Graduate School of Business, who testified at the recent Senate Banking Committee hearing on CBDCs, shares his views on digital assets as the House Financial Services Committee prepares to take up the sometimes contentious topic. Mannik Dhillon of Victory Capital has markets analysis, and "The Bachelor" star Matt James discusses crypto and financial inclusion.
The Series B values the firm at $500 million.
Bitcoin is giving back some gains at resistance. Lower support at $36K could stabilize a pull-back.
The deal is "another building block and touch-point" linking crypto with traditional finance, INX President Shy Datika said
Custody and trading services for DeFi tokens is the first step, to be followed by a suite of yield-generating products.
The project, led by Tendermint’s former strategy lead, secured backing from Polychain Capital, Coinbase Ventures and others.
MicroStrategy's Michael Saylor joins "All About Bitcoin" to discuss today's top stories, including MicroStrategy's preparation to buy more bitcoin with the $500 million bond sale it just completed. Saylor also comments on Elon Musk's latest tweet about Tesla supporting bitcoin if it becomes more environmentally friendly. Also, Zack Voell of Compass Mining with the latest news from the crypto mining sector.
"The Hash" tackles today's hot topics: Elon Musk's tweet moved the crypto markets again; how much should investors read into it? What regulators in Italy and Thailand are saying about crypto investments and why NY just defeated an environmental protection bill that would have clamped down on bitcoin mining. Also, Is Kim Kardashian's new favorite coin, "Ethereum Max," a scam?