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Bitcoin’s price increased back above the $58,000 mark on Wednesday after the Federal Reserve held interest rates at the current range of 5.25%-5.50%.
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Reps. Wiley Nickel, D-N.C. and Drew Ferguson, R-Ga., introduced the bill on Tuesday called the Providing Tax Clarity for Digital Assets Act.
Bitcoin is lingering near the $57,000 mark into FOMC, but is that the last the market will see when it comes to snap BTC price downside?
Investors seem increasingly intrigued to enter the crypto ecosystem despite the wobbly market.
PlanB’s S2F model predicts bitcoin hitting around $500K during the 2024-2028 period.
Hong Kong’s new spot bitcoin and ether ETFs were widely considered to have a disappointing debut on Tuesday, generating just $11.2 million in combined trading volume.However, there’s an important caveat when comparing the figures against the U.S. spot bitcoin funds, according to Bloomberg ETF analyst Eric Balchunas.
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After the implementation of the comprehensive agreement between the US and Iran to fully reopen the Hormuz Strait, Iraq immediately requested the operators of its five major oil fields to increase production to pre-war levels, with a final goal of surpassing 3 million barrels per day.