Bitcoin traders are locking profits in the week helmed by key rate decisions from the US Federal Reserve and the Bank of Japan.
The crypto market is down today as U.S. macroeconomic headwinds and a harsher regulatory stance from the SEC impact investor sentiment.
Powell said the Federal Reserve needs “more confidence” in the U.S. economy before it can begin cutting rates.
Fatma Özkul has been a lecturer at Marmara University in Istanbul since 2012, with an academic focus on accounting, finance, auditing, blockchain and digital assets.
The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of CBDCs.
The challenge of replacing Argentina’s peso with the United States dollar (and potentially Bitcoin) will be great, but it’s not insurmountable.
Milei won over 55% of the votes, with 99% of the votes counted in the run-off presidential election.
The group, “Bitcoin Argentina,” previously rejected the idea that regulation was needed in the cryptocurrency industry.
Bitcoin price is down today as trading volumes drop and investors possibly consider booking some profit.
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