Bitcoin Joins Risk-Asset Relief As PCE Inflation Follows Expectations

Bitcoin (BTC) shook off volatility on Thursday as US stocks rebounded on the back of inflation-data relief. Key points: Bitcoin avoids a snap reaction to US personal consumption expenditures (PCE) inflation data,... Read more »

US Sanctions Iran-Linked HormuzSafe, Cites Bitcoin Payments

The US Treasury has sanctioned two Iranian maritime firms involved in an alleged Islamic Revolutionary Guard Corps (IRGC)-backed insurance network, saying one accepted Bitcoin (BTC) and other digital assets to bypass Western... Read more »

Bitcoin Traders Wait For Volatility As FOMC Meeting Divides Markets

Bitcoin (BTC) whipsawed around $64,000 on Wednesday as geopolitical and macroeconomic tensions pressured US stocks. Key points: Bitcoin constricts near $64,000 as traders contend with multiple macro headwinds.Downside in Asian stocks continues... Read more »

BitMEX to Shut Down Crypto Exchange After 11 Years

BitMEX, one of the pioneers of cryptocurrency derivatives trading, announced it will shut down operations after owner and operator HDR Global Trading Limited decided to close the company following a strategic review.... Read more »

Bitcoin Hits 10-Day Low As Asia Semiconductor Rout Hits US Stocks

Bitcoin (BTC) hit ten-day lows at Tuesday’s Wall Street open as BTC price action followed a US stocks sell-off. Key points: Bitcoin price action reacts to contagion from an Asia stocks sell-off... Read more »