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Sentiment quickly went from inflows to redemptions.
To the surprise of most, BTC actually surges. For now.
The Federal Reserve unanimously voted to raise its benchmark interest rate by 25 basis points, bringing the new target range to 3.75% to 4.00%.
XRP price came under heavy selling pressure Wednesday as regulatory uncertainty and concerns over Federal Reserve policy weighed on the broader crypto market. XRP retreated from a recent high near $1.45 and briefly fell below $1.23 before staging a modest recovery.
Celsius Networks bankruptcy estate has filed a lawsuit against BitMEX-linked companies seeking the recovery of roughly 6,360 Bitcoin tied to disputed liquidations during the March 2020 crypto market crash. The September 12 filing comes just 11 days before BitMEX is scheduled to permanently halt trading on September 23.
Posting Bitcoin as collateral for a loan is not a sale in Germany, because section 39 of the Fiscal Code keeps the coins attributed to you for tax purposes. Tax arises only when the collateral is liquidated, and then the one thing that decides the bill is how long you held the coins beforehand.
Dogecoin (DOGE) extended its decline as weakness across the broader cryptocurrency market intensified following the CLARITY Act setback and uncertainty surrounding the Federal Reserves FOMC meeting. DOGE fell about 4% to $0.079, while Bitcoin dropped 0.8% and Ethereum declined 1.6%.
Evernorth CEO Ashish Birla said RLUSD's expansion on the XRP Ledger is central to deepening liquidity across the network, describing the dollar-backed stablecoin as “paramount” to XRP's broader ecosystem. He said RLUSD's share of XRP Ledger supply climbed from roughly 20% to 34%, a jump he called 642% growth.
Michael Saylor has weighed in on the recent setback for the CLARITY Act, arguing that the Senates failure to advance the crypto legislation does not mark the end of progress for Bitcoin or the broader digital asset industry. The development has added to negative sentiment across the cryptocurrency market, but Saylor maintained that U.S. regulators still have tools available to provide greater regulatory certainty.
Michael Saylor says Bitcoin can continue advancing despite the CLARITY Act failing to move forward in the Senate. He expects the SEC, CFTC and U.S. Treasury to keep developing crypto rules under existing laws, while banks expand Bitcoin custody and lending.
Bitcoin's price oscillated between $75,000 and $76,000 following a market slide triggered by the failed passage of the CLARITY Act in Congress. Investors are awaiting an upcoming Federal Reserve rate decision, where prediction markets expect a 25-basis-point hike.
Bitcoin (CRYPTO: BTC) has gained after only two of the past 14 Fed decisions, yet one analyst argues a surprise today could make it three. What the Consensus Expects As Benzinga reported Wednesday, Polymarket traders price a 25-basis-point hike at 89% with roughly $193 million traded on the decision.
There's a big problem with Bitcoin transactions from a business perspective that no one often talks about. Let's say a business pays a supplier in BTC from a reused wallet address.
Solana is approaching another major network performance milestone, with its 250-millisecond slot upgrade expected to go live on mainnet on September 18 as the blockchain moves closer to its ultimate 200ms target. Solana-focused software developer Anza said the 250ms slot feature is currently pending activation on mainnet-beta.
Mark Yusko has said that bitcoin is undervalued, and when something is undervalued, you buy it.
