CNBC: "$BTC has begun to decouple from the NASDAQ index. The price of Bitcoin reflects people's trust in Bitcoin's role as a hedge against political instability, which is becoming increasingly evident each day.
In the short term, Bitcoin still trades like a risky asset. But in the medium and long term, it is gradually showing characteristics of a safe haven.
If you observe the recent outperformance of gold, you will see that it could be a leading indicator for the direction of Bitcoin when the market stabilizes again."
Many critics argue that Bitcoin has no intrinsic value because it does not generate income and is not backed by a third party. But this very fact also helps Bitcoin avoid the risks associated with corporate profits or instability in the monetary system.
Bithumb aims for an IPO on the Nasdaq after profits surged to 110 million dollars
After this July, #Bithumb will officially separate its non-trading operations into a distinct entity called “Bithumb A.” The goal is very clear: to protect the core cryptocurrency trading platform from risks associated with other projects of Bithumb in operation. Bithumb will retain 56% ownership stake, while the new entity will hold 44%.
An additional $41.6 million from BlackRock, the Bitcoin ETF concludes today with a positive cash flow of up to $381.3 million, $BTC is holding above $88K 👍
Meanwhile, Ethereum ETH is down over $25 million today.
Deutsche Bank and Standard Chartered are both aiming to expand their crypto operations in the US, hoping for a more favorable regulatory environment. #BTCRebound
President Trump once again calls on the FED to lower interest rates immediately, arguing that inflation is no longer an issue as energy and food prices are falling sharply, while warning that interest rates need to be cut now to avoid slowing down the economy.
The European Central Bank has lowered interest rates 7 times. He criticizes FED Chairman Jerome Powell and calls him “Mr. Too Late” for his untimely actions, while accusing him of only lowering interest rates before the 2020 election to help Joe Biden and later Kamala Harris.
Circle (the issuer of the USDC stablecoin) is about to introduce a new payment and remittance network at One World Trade Center (New York).
The network is primarily aimed at international money transfer services, but Circle hopes to compete long-term with Visa and Mastercard. The move comes amid many countries issuing regulatory frameworks for stablecoins.
$BTC surpassed $87,000 Financial reports show that BTC has surpassed $87,000 and is currently trading at $87,014.01, with an increase of 2.15% in 24 hours.
Spot gold prices have first surpassed $3,370/ounce
This week's forecast indicates that the market will experience minor fluctuations...
Important economic events this week (according to US dates) This week is expected to be quite quiet, unless there are surprises from the trade war. Many Fed officials will express their opinions before entering the "blackout" phase, the silence period before the Fed's interest rate meeting.
🗓️ TUESDAY, APRIL 22 - Philadelphia Fed President, Patrick Harker speaks - Minneapolis Fed President, Neel Kashkari speaks - Richmond Fed President, Tom Barkin speaks
🗓️ WEDNESDAY, APRIL 23 - Chicago Fed President, Austan Goolsbee speaks - St. Louis Fed President, Alberton Musalem and Fed Governor, Christopher Waller speak - Atlanta Fed President, Raphael Bostic speaks - Cleveland Fed President, Beth Hammack speaks - Release of the Fed's Beige Book (regional economic outlook)
🗓️ THURSDAY, APRIL 24 - Weekly jobless claims in the US (Expected: 220,000; Previous: 215,000) - Minneapolis Fed President, Neel Kashkari speaks #TrumpVsPowell
A company in the UK, Abraxas Capital, has just purchased nearly 3,000 $BTC , worth over 250 million USD. Institutional cash flow continues to pour into Bitcoin, indicating that long-term confidence remains unchanged.
According to Cointelegraph, the amount of BTC leaving exchanges is increasingly high, while the 'whales' are absorbing over 300% of the annual supply issued.