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Market Wrap: Bitcoin Surges as Fed Governor Talks Down 100 Basis Point Rate Hike

U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise.

By Jimmy He

Jul 14, 2022 at 8:19 p.m. UTC

Jul 14, 2022

Market WrapMarketsBitcoinFederal ReserveVoyager Digital

Market Wrap: Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish Fed

BTC fell 4.5% minutes after the U.S. consumer price index showed June inflation rising to 9.1% but has since recovered.

By Jimmy He

Jul 13, 2022 at 9:04 p.m. UTC

Jul 13, 2022

Market WrapMarketsBitcoinEtherConsumer Price IndexInflation

Market Wrap: Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure

Also, some analysts believe bitcoin’s recent dips show the price level is not as critical anymore.

By Jimmy He

Jul 12, 2022 at 8:38 p.m. UTC

Jul 12, 2022

Market WrapMarketsBitcoinEther

BlockFi Quickly Reverses Plan to Stop Accepting GBTC as Collateral

The troubled crypto lender BlockFi said earlier Tuesday that it would no longer accept shares of the Grayscale Bitcoin Trust as collateral. A few hours later, the company said in a statement that "We are not saying that we won't support GBTC as collateral moving forward."

By Jimmy He

Jul 12, 2022 at 6:31 p.m. UTC

Jul 12, 2022

Grayscale Bitcoin TrustBlockFi