Key Ideas The decision to increase interest rates by 0.25% has negatively impacted the cryptocurrency market. Although this rate is lower than anticipated, the Fed still intends to control inflation and reduce it from 6% to only 2% over the long term. The price of bitcoin dropped significantly from $28,800 to $26,700. The US Federal…
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BTC/USDC Surges to $50,000 Suddenly Key Ideas But only on the USDC trading pair, BTC unexpectedly crossed the $50,000 threshold. The stablecoin USDC from Circle is in danger of running out of liquidity, which is the explanation given for the aforementioned flash action. After announcing it might be able to recover $3.3 billion stuck…
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The last low came on August 5, 2019, when the number of linked addresses was 2,023, according to data from the blockchain analysis firm Glassnode on February 19, the number of whales owning more than 1,000 BTC (or the number of wallet addresses above) was 2,027. Each associated whale wallet address is holding more than…
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