Bitcoin

American entrepreneur Vivek Ramaswamy’s firm, Strive, has announced a $500 million ‘at-the-market’ offering to purchase Bitcoin and related products. The move underscores growing institutional interest in Bitcoin as a corporate reserve asset, with Strive already ranking among the top corporate holders.

The U.S. Office of the Comptroller of the Currency (OCC) has issued new guidelines allowing banks to facilitate crypto transactions under strict conditions, potentially boosting institutional adoption and market liquidity.

The US Federal Reserve appears increasingly nervous about underlying weaknesses in the economy, prompting potential rate cuts and T-bill purchases. While this move aims to stabilize the financial system, analysts suggest it’s more about buying time than sparking a new bull run for Bitcoin.

The Federal Reserve’s upcoming interest rate decision is expected to be a 0.25% cut, which could positively impact the crypto market by making borrowing cheaper and saving less attractive.

Bitcoin’s traditional four-year cycle, driven by halving events, may be ending as institutional money and macro factors reshape market dynamics, according to Grayscale.

Dogecoin ETFs are losing momentum with trading volumes plummeting, while Bitcoin and Ethereum continue to dominate and gain regulatory approval for use as collateral in derivatives trading.

Recent movements of millions in bitcoin from wallets linked to the defunct Silk Road darknet marketplace have surfaced, raising questions about remaining funds and founder Ross Ulbricht’s holdings.

The crypto market is cautiously awaiting the U.S. Federal Reserve’s interest rate decision and Chair Jerome Powell’s speech, with Bitcoin holding steady around $92,000.

The U.S. Federal Reserve has lowered interest rates by 25 basis points, a move widely anticipated by the market. The decision is expected to boost risk-on assets like cryptocurrencies, though the immediate impact on prices remains to be seen.

Bitcoin’s price surged from $91k to $94k without clear news, leading several analysts to accuse large players like Wintermute of coordinated market manipulation to trigger liquidations.