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The post Bitcoin rally now depends on one Fed document coming Wednesday appeared on BitcoinEthereumNews.com. The Federal Reserve publishes the minutes of its June 16–17 meeting on Wednesday at 2 p.m. ET, and the release will either validate Bitcoin’s week-long recovery or pull out its foundation. Traders bought the rebound on a single macro assumption: a weakening US labor market limits how long the central bank can stay hawkish. The minutes, the first full account of internal deliberations under Chair Kevin Warsh, will show whether officials shared that concern in mid-June, weeks before the jobs data that set the rally in motion. The move riding on the answer is substantial. Bitcoin traded near $64,000 on Tuesday, up almost 11% from the 21-month low below $58,000 it set on July 1, and swung more than $3,400 between $61,250 and $64,659 on Monday. The recovery began with Thursday’s US jobs report, which showed employers added 57,000 positions in June, roughly half of what economists exp
Read full articleStrike's Bitcoin loans could boost investor confidence and participation, impacting Bitcoin-based financial services and market dynamics. The post Strike unveils volatility-proof Bitcoin loans with $2B credit facility appeared first on Crypto Briefing.
The post Euro watches its best arguments sink in the Strait of Hormuz appeared on BitcoinEthereumNews.com. The Euro spent Tuesday assembling the sort of case that should buy a currency a bid: hawkish-leaning remarks from an unlikely corner of the European Central Bank (ECB), a softening American payrolls proxy, and a Federal Reserve (Fed) regional president content to say nothing new. The market read the file, shrugged, and sold the single currency anyway, fading it from an early peak just shy of 1.1450 to a 1.1406 close, its weakest finish since last Wednesday. The Strait of Hormuz then finished the job, with late-session headlines confirming fresh Iranian strikes on commercial shipping and an American military and sanctions response that handed the Dollar a haven bid into the close. What began as quiet positioning ahead of Wednesday’s Federal Open Market Committee (FOMC) minutes ended with the pair pinned near its low and Brent Crude Oil sharply higher. A hawkish dove, a soft payroll
The post New Zealand Dollar slips ahead of RBNZ rate decision appeared on BitcoinEthereumNews.com. NZD/USD loses ground near the 0.5680 level as investors look ahead to Wednesday’s Reserve Bank of New Zealand (RBNZ) policy decision, while the US Dollar (USD) remains supported by cautious remarks from the Federal Reserve (Fed). The latest US labor data showed the ADP Employment Change 4-week average eased to 21K from 24.25K, pointing to softer private hiring. However, the Greenback held firm after New York Fed President John Williams said the US economy is growing at a steady pace, the labor market remains stable, and inflation is still elevated. In New Zealand, the RBNZ is widely expected to raise the Official Cash Rate (OCR) by 25 basis points, from 2.25% to 2.50%, ending a three-meeting pause. The decision could bring volatility, as economists remain divided after May’s close 3-3 split, when Governor Breman cast the deciding vote to hold rates steady. Short-term technical analysis: O
The post After His Gold Blunder, Robert Kiyosaki Issues a Surprising Recommendation appeared on BitcoinEthereumNews.com. Robert Kiyosaki issued a fresh recommendation amid ongoing market turbulence, steering attention away from traditional safe havens like Bitcoin and commodities. Instead, he wants followers to study big systemic change. Here is what the author of Rich Dad Poor Dad now recommends, why he shifted his focus, and how critics are reacting. What Robert Kiyosaki Recommends Instead of Bitcoin and Gold The recommendation is not an asset but a book about financial collapse and wealth transfer. In a recent post on X, Kiyosaki highlighted “The Entropy Trap” by Mickey M. Maini as the essential read for this moment in history. The book carries a foreword by Jim Rickards, a name Kiyosaki often cites. Furthermore, he explained that it reveals how trust-dependent assets could collapse as faith in traditional financial systems steadily erodes worldwide. Follow us on X to get the latest
Geopolitical tensions near the Strait of Hormuz highlight vulnerabilities in global energy markets and challenge Bitcoin's safe-haven status. The post Explosions near Strait of Hormuz rattle oil markets and send Bitcoin sliding appeared first on Crypto Briefing.
The post New Hampshire Bitcoin Bond Nears Final Vote, But There is a Catch appeared on BitcoinEthereumNews.com. New Hampshire’s Executive Council is holding a public hearing this Wednesday on $100 million in bonds financing private Bitcoin (BTC) purchases. Approval would clear the last governmental hurdle for the first municipal bond collateralized by Bitcoin. However, Bitcoin’s winter drawdown cut its price by more than half. This deal enters mandatory liquidation after a roughly 12.5% slide. That gap, rather than the vote, may decide how the experiment ends. Bitcoin Price Performance. Source: BeinCrypto New Hampshire Bitcoin Bond Takes the Conduit Route The New Hampshire Business Finance Authority (BFA) requested the hearing under state statute RSA 162-I. Executive Director James Key-Wallace asked Governor Kelly Ayotte and the five-member council to determine whether the project is feasible and beneficial. If approved, the BFA will issue taxable conduit revenue bonds, meaning the sta
The post Forex Today: US Dollar steadies as Williams keeps inflation caution alive appeared on BitcoinEthereumNews.com. Here is what you need to know on Wednesday, July 8: The US Dollar Index (DXY) trades near the 101.00 area, recovering modestly after two days of running in place as investors digest softer US labor data and cautious comments from Federal Reserve (Fed) officials. The latest ADP Employment Change 4-week average eased to 21K from 24.25K, pointing to slower private hiring momentum. However, the Greenback maintained its ground as New York Fed President John Williams said that inflation remains too high, but added that monetary policy is well-positioned and future decisions will depend on incoming data. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD 0.23% 0.24% 0.00% -0.04% 0.34% 0.34% 0.38% EUR -0.23% -0.01% -
The post Tim Draper Rejects Claims of Moving $62M Bitcoin as Transfer Report Surfaces appeared on BitcoinEthereumNews.com. Key Insights: • Tim Draper denies moving Bitcoin after $62M transfer report.• He reaffirms $250K Bitcoin target within one year forecast.• Dave Portnoy said he is losing millions as Bitcoin falls. A report from blockchain analytics platform Lookonchain linked a wallet possibly tied to billionaire investor Tim Draper to a transfer of 1,000 Bitcoin (BTC) worth about $61.82 million to Coinbase Prime. The movement drew attention across the crypto market. However, Draper denied moving any Bitcoin and said he has not touched his holdings. The development comes as separate commentary from Dave Portnoy highlighted ongoing losses in Bitcoin trading activity. Tim Draper Moves Bitcoin | Source: Lookonchain, X Lookonchain Flags Large Bitcoin Transfer to Coinbase Prime The report from Lookonchain stated that a wallet possibly connected to Tim Draper sent 1,000 Bitcoin to Coinba
