Archives of “BITCOIN” category

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Bitcoin slumps to the lowest levels of the month

  
Analysis, BITCOIN

Bitcoin has held up better than I would have expected

Given the vast ‘risk off’ trade in markets, I would have expected to wake up to heavier bitcoin selling today. Until the past few minutes, that hadn’t happened but it has quickly fallen $500 and is trading at $30,775, which is the lowest since June 22.
Bitcoin has held up better than I would have expected

This is not a good looking chart but that’s something that everyone knows

Bitcoin – Federal Reserve Chair Powell met with Coinbase CEO (back in May)

  
Analysis, BITCOIN

The two met back in May, and the Fed has not revealed any information what the two discussed.

Powell met with only one other company CEO during the month, Jamie Dimon, the head of JPMorgan Chase (the largest bank in the US. by assets).
It’d be nice to know what Powell discussed with Coinbase head Brian Armstrong, central bank digital currency issuance? I dunno.

Fitch Ratings: Bitcoin hampered by its significant price volatility

  
Analysis, BITCOIN

Fitch Ratings with the opinion on BTC

  • says bitcoin could increase regulatory, AML risks for El Salvador banks
  • says the high level of bitcoin price volatility will challenge its use as a store of value and means of payment
  • believes foreign parent banks would offer operational, technical support to el Salvador banks to manage bitcoin implementation associated risks
I imagine the BTC folks are huge fans of ratings agencies …. or maybe not 😀
Fitch Ratings with the opinion on BTC
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