This market’s acting weird

In brief Kitabo Co., a century-old Japanese textile firm, plans to buy Bitcoin worth ¥800 million (approx. $5.4 million). The move aligns with a broader trend in Asia, where traditional firms like Metaplanet are adopting Bitcoin to hedge against monetary debasement. Kitabo will acquire the digital asset via dollar-cost averaging and may lend holdings to…

The crypto market looks more optimistic today as traders search for the best crypto to buy while macro headlines continue to shift rapidly. .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border:…

The Federal Reserve voted Wednesday (March 18) to hold benchmark interest rates steady at a target range of 3.50% to 3.75%, opting for caution amid rising energy costs that threaten to complicate the US economic recovery, which had a significant impact on the Bitcoin price. The decision to pause rather than cut rates sent an…

According to Eric Balchunas, senior ETF analyst at Bloomberg, the Teucrium 2x Long Daily XRP ETF (XXRP) recorded $5 million in trading volume on its first day.  The prominent expert has described the debut as “very respectable.” In fact, it is now in the top 5% of new ETF launches. XXRP has substantially outperformed the…