"We do not need to be in a hurry to adjust our policy stance," Fed Chair Jerome Powell said Wednesday, as Bitcoin bounced around.
Global derivatives marketplace CME Group Inc (NASDAQ:CME) on Wednesday announced the upcoming launch of options on its Bitcoin (CRYPTO: BTC) Friday futures contracts, pending regulatory approval. These new contracts are set to be the first financially-settled cryptocurrency options offered by CME Group with daily expiries available Monday through Friday, aiming to provide traders greater flexibility for managing short-term Bitcoin price risk.
Recent data from Glassnode shows that new buyers, who have held their assets for 24 hours to three months, now own 50% of the market's value.
Popular crypto wallet Phantom has launched support for Sui, which joins the likes of Solana, Bitcoin, and Ethereum in the app.
Bitcoin's price traded flat on Wednesday afternoon after the Federal Reserve held interest rates steady at 4.25%-4.50%.
As of Jan. 29, 2025, bitcoin trades at $102,785, hovering within a 24-hour range of $100,272 to $103,053. The cryptocurrency's market capitalization stands at $2.02 trillion, supported by $35.55 billion in daily trading volume.
This was the first FOMC meeting for the year and with Trump as President.
The US Federal Reserve is broadly expected to leave its key rate unchanged as it announces its policy decision on Wednesday, January 29th. Rate cuts tend to be meaningfully positive for Bitcoin as they make bonds and saving accounts less attractive, making investors look for better returns in the risk-on assets like cryptocurrencies.
The Fed has decided to keep rates steady at 4.25-4.5% after holding its first meeting of 2025.
U.S. investors' appetite for the world's largest cryptocurrency remained muted in January.
The US futures exchange will offer retail-friendly, cash-settled tools for managing risk tied to Bitcoin's volatility.
Discover why Bitcoin's fixed supply and deflationary nature make it the ultimate asset for navigating the $97 trillion global liquidity bubble. Learn how rising money supply influences market trends and positions Bitcoin as a strategic hedge against fiat currency debasement.
Bitcoin's volatility is likely to pick up following Fed Chair Jerome Powell's comments, but the potential direction of the price move remains elusive to most traders.
Bitcoin price hovers near $102,000 after a recent downturn, with investors anticipating potential turbulence. The Federal Reserve's upcoming interest rate decision and the Federal Open Market Committee (FOMC) statement could trigger volatility.
U.S. President Donald Trump's executive order on crypto, coupled with an overall regulatory pivot in the United States, could break Bitcoin's four-year cycle. That's the view of Matt Hougan, chief investment officer at asset manager Bitwise.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Robinhood is expanding its trading offerings with the launch of futures trading for Bitcoin. The company teased the upcoming feature on X, stating it is “coming soon,” alongside an update on its website confirming the expansion.
While there is much talk about the U.S. leadership in creating the Strategic BTC reserve, the European countries are not shying away from crypto, either. The Czech Republic will soon decide to create a Bitcoin reserve.
The Fed is expected to announce its rate cut decision later this Wednesday.
The priorities of Bitcoiners are starting to shift in the wrong direction, and represent an actual existential threat to the success of a censorship resistant and resilient system.
The governor of the Czech central bank proposes to add bitcoin to the national reserve. Plus, what to look out for at the first FOMC meeting of 2025, and Cardano's tradition to decentralized governance.
Bitwise CIO Matt Hougan says Bitcoins four-year cycle may be broken by Trumps new crypto executive order, extending the bull market. The post Bitwise CIO says Bitcoin's four-year cycle may be broken by Trump's new crypto executive order appeared first on Crypto Briefing.
Trump Media & Technology Group (TMTG) is moving into crypto and ETFs with a new financial services division called Truth.Fi, the company announced on Jan. 29. Shares of DJT, TMTG's publicly traded stock, jumped 9% in morning trading after the news.
F2Pool — a mining pool representing ~11% of hash power on the Bitcoin network — is censoring OFAC-sanctioned transactions again.
CME Group is looking to obtain regulatory approval for options on its most successful cryptocurrency product launch.
Robinhood is rolling out futures trading for Bitcoin and Ethereum in addition to traditional commodities like oil and gold. It teased this launch on social media, but the Chigaco Mercantile Exchange (CME) detailed its partnership with Robinhood.
Trump Media & Technology Group (NASDAQ:DJT), the company behind Truth Social, is expanding into financial services with the launch of Truth.Fi, a fintech arm that aims to develop investment vehicles with crypto ambitions. What Happened: The company's board has approved a financial strategy that includes allocating up to $250 million of its $700 million cash reserves into various financial instruments, including customized exchange-traded funds (ETFs), separately managed accounts (SMAs), and Bitcoin (CRYPTO: BTC) investments.
Monetary tensions are intensifying as the BRICS accelerate their quest for independence from the US dollar. This dynamic is upending global economic strategies and prompting major powers to rethink their financial reserves.
Despite potential near-term volatility and choppy price action, there is a strong bullish outlook for bitcoin in 2025, with projected highs reaching $150,000 or more, says Nathan Batchelor of Biyond Global.
Analysts say Bitcoin must reclaim $103,000 support level to continue rally.
The crypto market is back in the red as the fallout from Monday's collapse continues to impact traditional and risk assets. Bitcoin (BTC) has struggled to build momentum, nearly slipping below $100,000 as it dropped to a low of $100,265 before recovering and moving to its current level of $101,600.
Trump backs digital assets, but will Arizona's Bitcoin move spark a nationwide domino effect?
Bitcoin's performance in February has consistently been bullish, as the digital asset has recorded double-digit gains in two-thirds of the Februaries dating back to 2013, according to data from Coinglass. The average gain for the second month of the year stands at an impressive 15.6%, making February a key month for Bitcoin investors.
DeepSeek "actually lowers inflation and is good for risk assets (like Bitcoin) which have no-AI presence,” the bank said.
The move comes after another activist investor, Starboard, had taken a stake in the miner late last year.
Amid the ongoing price volatility on the cryptocurrency market, Bitcoin (BTC) has had its fair share of fluctuations. The leading digital asset has traded between $100,238.19 and $103,730.82 in the past 24 hours.
The Czech National Bank (CNB) is poised to decide on Thursday whether to allocate up to 5% of its €140 billion in foreign exchange reserves to Bitcoin, an amount totaling roughly €7 billion (roughly $7.31 billion).
Robinhood is stepping into the futures trading game with Bitcoin, oil, and gold on the lineup.
Robinhood Sparks Excitement by Teasing Upcoming Launch of Bitcoin, Oil, and Gold Futures Trading, Set to Revolutionize the Market. “Futures trading with our new intuitive trading ladder is coming soon to Robinhoo,” it shared in a recent X post. Take a look into the future: https://t.
Bitcoin (BTC) is currently holding above the $100,000 support level, but technical indicators coupled with market sentiments suggest there is a likelihood of the asset plunging below this mark over the course of the week.
Robinhood (NASDAQ:HOOD) is preparing to introduce futures trading for Bitcoin (CRYPTO: BTC), oil, gold and major financial indices, signaling a strategic move into derivative markets. What Happened: The trading platform hinted at the upcoming feature on social media, with details shared on its website.
Bitcoin traders weigh the impact of President Donald Trump's interest rate demands on a hawkish Fed.
Bitcoin, altcoins, and other assets like stocks and bonds traded within a tight range on Wednesday as the market awaited the first interest rate decision of the year.
The Czech National Bank (CNB) is considering a 5% Bitcoin allocation, surpassing its gold reserves. If approved, this move could reshape the future of national reserve assets.
Changpeng Zhao is once again driving discussions around national Bitcoin adoption. The latest catalyst?
Within just one year, the asset management behemoth BlackRock (NYSE: BLK) has become a major Bitcoin (BTC) hodler as it acquired a total of 572,616 BTC since the launch of its iShares Bitcoin Trust ETF (IBIT).
A new Trump-run fintech brand may invest in Bitcoin, the announcement said.
Robinhood is launching Bitcoin, oil, and gold futures trading with a new intuitive trading ladder.