Gold price waver as Fed delivers hawkish hold

Federal Reserve’s hawkish hold omits specific inflation terms, hinting at rate pause, affecting gold markets. U.S. Treasury yields rise, 10-year note at 4.581%; dollar strengthens to 108.29 on DXY, up 0.22%. Gold traders incur moderate losses, awaiting further details from Fed Chair Powell’s press conference. Gold prices slumped as the US Federal Reserve (Fed) delivered … Read more

UK Could Sell $6.27 Billion in Seized Bitcoin to Settle Debts, According to Accounting Firm

Germany’s 2024 decision to liquidate its 50,000 Bitcoin holdings may serve as a cautionary tale for the UK as giants like the US are considering building Bitcoin reserves. The UK’s potential BTC selloff may push it further behind in adopting cryptocurrency as an economic asset. Accounting giant RSM recently noted that the United Kingdom could … Read more

Bitcoin Technical Analysis: BTC Balances Between Bullish Momentum and Short-Term Resistance  

As of Jan. 29, 2025, bitcoin trades at $102,785, hovering within a 24-hour range of $100,272 to $103,053. The cryptocurrency’s market capitalization stands at $2.02 trillion, supported by $35.55 billion in daily trading volume. Bitcoin While bitcoin‘s broader trend remains bullish, consolidation near $102,000 reflects caution among traders, with critical resistance at $104,000–$105,000 and immediate … Read more

Bitcoin Traders Anticipate Effects of Trump’s Rate Demands on Fed Decisions and Market Volatility

Bitcoin (BTC) traders are keenly evaluating the potential repercussions of President Donald Trump’s demands for lower interest rates on the Federal Reserve’s hawkish policies. The market sentiment is cautious as the upcoming Federal Open Market Committee (FOMC) meeting approaches, which could significantly influence BTC price movements. As BTC/USD hovers around the $100,000 mark, the market … Read more