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As trading cheers, the price of bitcoin today increases to $119.5k; the Fed and crypto report are be
Investing.com— Following a slight recovery from two-week lows in weekend trading, $BTC traded above $119,000 on Monday as the U.S.-EU trade agreement increased investor risk appetite.
But in anticipation of the Federal Reserve's decision this week and a significant U.S. crypto policy report that is due on July 30, the cryptocurrency stayed range-bound.
At 02:18 ET (06:18 GMT), the price of bitcoin was last quoted at $119,552.6, up around 1.1%.
While Ether was trading at a seven-week high, other cryptocurrencies saw more significant gains.
July 30 is the deadline for the US Fed's crypto policy report.
The framework agreement between the US and the EU, which was unveiled on Sunday, gave markets some relief.
The pact imposes a 15% tariff on European imports, down from the threatened 30%, and includes commitments for EU to purchase $750 billion of U.S. energy and infrastructure. The agreement decreased trade uncertainty and political risk. Investors shifted from safe-haven assets to riskier ones, including stocks and Bitcoin, as a result of this improved confidence.
Now, focus is shifting to the Federal Reserve's two-day meeting, which concludes on Wednesday. It is generally anticipated that the central bank will maintain its benchmark rate between 4.25% and 4.50%.
Later in the year, traders will pay close attention to reports about potential rate decreases. A dovish stance would help bitcoin even more by lowering yields on safe, low-yield investments.
Another important event is the July 30 release of the U.S. crypto policy report. It is expected to outline plans for a strategic bitcoin reserve and provide greater regulatory clarity for sectors including stablecoins.
#BitcoinDunyamiz #CryptoScamSurge #coinaute
But in anticipation of the Federal Reserve's decision this week and a significant U.S. crypto policy report that is due on July 30, the cryptocurrency stayed range-bound.
At 02:18 ET (06:18 GMT), the price of bitcoin was last quoted at $119,552.6, up around 1.1%.
While Ether was trading at a seven-week high, other cryptocurrencies saw more significant gains.
July 30 is the deadline for the US Fed's crypto policy report.
The framework agreement between the US and the EU, which was unveiled on Sunday, gave markets some relief.
The pact imposes a 15% tariff on European imports, down from the threatened 30%, and includes commitments for EU to purchase $750 billion of U.S. energy and infrastructure. The agreement decreased trade uncertainty and political risk. Investors shifted from safe-haven assets to riskier ones, including stocks and Bitcoin, as a result of this improved confidence.
Now, focus is shifting to the Federal Reserve's two-day meeting, which concludes on Wednesday. It is generally anticipated that the central bank will maintain its benchmark rate between 4.25% and 4.50%.
Later in the year, traders will pay close attention to reports about potential rate decreases. A dovish stance would help bitcoin even more by lowering yields on safe, low-yield investments.
Another important event is the July 30 release of the U.S. crypto policy report. It is expected to outline plans for a strategic bitcoin reserve and provide greater regulatory clarity for sectors including stablecoins.
#BitcoinDunyamiz #CryptoScamSurge #coinaute
With a $2.47 billion preferred stock offering, Strategy intensifies its focus on Bitcoin.
Strategy, a company listed on the Nasdaq, has made a big announcement regarding the sale of a unique class of stock in order to raise additional capital. This action is a component of its continuous strategy to make significant investments in $BTC . After subtracting fees and expenditures, Strategy expects to get around $2.47 billion from the purchase, which is slated to be finalized by July 29. The purchase of more Bitcoin and daily operating costs are just two examples of the basic business operations that will be supported by these revenues.
$2.47 billion was raised through the issuance of preferred stock. Strategy has announced plans to sell 28 million shares of its Series A Stretch Preferred Stock (STRC) in a news release. In an initial public offering (IPO), each share will be offered for $90. Based on a $100 share price, investors will receive a monthly dividend from the new STRC Stock at an annual rate of 9%. Pending board approval, these payments are expected to start on August 31. The dividend rate may also be changed by strategy in response to market conditions, but only within predetermined bounds. Interest will accrue on any dividends that are not paid by the corporation on time.
#BTC #BTC走势分析 #altcoins #cryptouniverseofficial #CryptocurrencyWealth
$2.47 billion was raised through the issuance of preferred stock. Strategy has announced plans to sell 28 million shares of its Series A Stretch Preferred Stock (STRC) in a news release. In an initial public offering (IPO), each share will be offered for $90. Based on a $100 share price, investors will receive a monthly dividend from the new STRC Stock at an annual rate of 9%. Pending board approval, these payments are expected to start on August 31. The dividend rate may also be changed by strategy in response to market conditions, but only within predetermined bounds. Interest will accrue on any dividends that are not paid by the corporation on time.
#BTC #BTC走势分析 #altcoins #cryptouniverseofficial #CryptocurrencyWealth
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