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The New York Community Bank (NYCB) recently found itself in the spotlight for all the wrong reasons. The bank’s stock value plummeted over 40% following revelations of concerning financial health and leadership changes. This turbulence unfolded against a starkly contrasting backdrop of Bitcoin’s continued surge, reaching a record high of $69,000 year-to-date. NYCB’s Downfall: A…
Bitcoin, the world’s leading cryptocurrency, has recently experienced a dramatic surge, reaching a new all-time high of $69,202. This rally has sparked discussions about whether this is a repeat of the volatile price movements of 2021, or if there are fundamental differences at play. Also Read: Hold or Sell? Saylor’s Message Amidst Bitcoin’s Bullish Run…
Bitcoin continued its bullish run on Wednesday, logging its fifth consecutive day of gains and nearing the coveted $60,000 mark. This surge comes amidst a period of strong inflows into newly launched U.S. spot bitcoin exchange-traded products (ETPs), contributing to a remarkable 39.7% rise in February. If sustained, this would mark Bitcoin’s strongest monthly performance…
Bitcoin, the world’s leading cryptocurrency, surged to a two-year high on Tuesday, fueled by signs of increased interest from institutional investors and the recent approval of Bitcoin exchange-traded funds (ETFs) in the United States. MicroStrategy Leads the Charge The rally was sparked in part by a Monday disclosure from MicroStrategy, a major crypto investor and…
In a significant policy shift, the Labour party has confirmed its intention to regulate cryptocurrencies like Bitcoin and Ethereum. This revelation came during the party’s business conference, signaling a departure from the current government’s efforts to establish the UK as a global crypto hub. Labour’s Stance on Cryptocurrency Regulation A party official acknowledged the necessity…
The Federal Open Market Committee (FOMC) meeting scheduled for January 31 has the crypto community on edge, eagerly anticipating its impact on Bitcoin (BTC) prices. As market speculations intensify, the potential outcomes of a rate pause or cut by the Federal Reserve are fueling debates and predictions within the crypto space. How Will The FOMC…
Bitcoin experienced a significant rollercoaster ride, reaching a three-year high of nearly $49,000 on January 11th following the U.S. SEC’s approval of the first spot Bitcoin exchange-traded funds (ETFs). However, the cryptocurrency has since retreated by over 20%, trading at approximately $39,500. Analysts attribute this correction to a combination of profit-taking post-ETF approval and broader…