Why didn’t Bitcoin budge after the Fed news

Why didn't Bitcoin budge after the Fed news?
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Why didn't Bitcoin budge after the Fed news?
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As Bitcoin has broken past the $71,000 threshold, analyst Egrag Crypto is eyeing a bullish rally to over $100K. Over the last 24 hours, Bitcoin has bullishly moved past key resistance levels, reaching a notable milestone above $71,000. This rise represents a significant recovery, as it had not reached this level since June. The ongoing momentum has…
Key Takeaways: Ethereum Foundation has integrated post-quantum security as one of their major priorities creating a special team in 2026. The lead is being taken by Thomas Coratger, and supported by leanVM, followed by live PQ devnets and biweekly core dev meetings. EF is committing $2M in cryptography prizes and rolling out research, testing, and…
For over a year, some have considered bitcoin to be under siege. Fee spikes and transaction volumes associated with Ordinals and Inscriptions have impacted other users, and some even propose these may be cover for a deliberate attack by a well-funded state actor. Yet at the same time, others see the very same events as…
British Virgin Islands, British Virgin Islands, June 4th, 2024, Chainwire $COOKIE, the governance and utility token from the Cookie Ecosystem, is set to launch on June 13th, 2024, at 10 am UTC. The $COOKIE listing comes after the token has secured $5.5M funding, including a $3.3M seed and strategic rounds, which saw investments from top…
SEC acting chair Mark Uyeda has announced a crypto task force dubbed “SEC Crypto 2.0” The task force will look to establish a clear regulatory framework for cryptocurrencies. SEC Commissioner Hester Peirce will lead this task force. The US Securities and Exchange Commission has announced the formation of a new crypto task force. Acting SEC…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After trading below the $2 mark for the past 3 days, XRP has finally recovered the level with a nearly 14% upswing in mere hours. Its recent upward move to the $2 level is attributed to a sudden surge in the entire…