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New investors are entering the bitcoin market at a faster pace and possibly creating upward pressure on prices, on-chain data shows.
Trading volume in physically delivered bitcoin futures listed on Intercontinental Exchange's Bakkt platform surged to record highs on Tuesday.
Big crypto exchanges like Binance, Huobi and OKEx are rushing out DeFi platforms to cash in on the fast-growing industry and stanch user defections.
With the Fed's decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action.
The federal cabinet is expected to shortly discuss a new bill before passing it to the parliament, people familiar with the matter told Bloomberg.
Cryptocurrencies' 2020 gains are the truth gauge as markets react to the Federal Reserve's inflation goal, where Zimbabwe is the model of success.
Bitcoin (BTC) has crossed into the bullish territory, but may remain vulnerable to another sell-off in stocks.
Bitcoin advanced on Monday, ending a 10-day-long price consolidation, as the U.S. dollar weakened against gold and fiat currencies.
Though no fresh stimulus is expected this week from the Fed, bitcoiners betting on money printing could just wait for the next sell-off in U.S stocks.