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Bitcoin price stuck below $29K as Terra LUNA comes back from the dead

Bitcoin price stuck below $29K as Terra LUNA comes back from the dead

Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/USD refused to offer volatility up or down. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView “Not the decoupling we wanted” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency sticking in a narrow short-term range into the weekend. Previously forecast support …

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Fed carrying $330B in unrealized losses on its assets according to Q1 financial statement

Fed carrying $330B in unrealized losses on its assets according to Q1 financial statement

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, US, January 26, 2022. REUTERS/Joshua Roberts. Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 27 (Reuters) – The US Federal Reserve is …

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Senators Introduce Bill to Limit Use of China's Digital Currency in US

Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’ – Regulation Bitcoin News

Several US lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can’t give China that chance,” said the …

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Cathie Wood Watch: Buys Nvidia, Organ-Transplant-Services Provider

Cathie Wood Watch: Buys Nvidia, Organ-Transplant-Services Provider

Renowned investor Cathie Wood, chief executive of Ark Investment Management, on May 26 bought into one of the world’s largest and most prominent semiconductor makers, for the first time in at least several months. Ark also purchased an organ-transplant-services firm along with some familiar names. All valuations below are as of Thursday’s close. Ark funds …

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CATL to supply BMW with cylindrical cells for EVs starting in 2025

CATL to supply BMW with cylindrical cells for EVs starting in 2025

Contemporary Amperex Technology Co (CATL) said it would begin supplying German automaker BMW with cylindrical battery cells for its next generation of electric vehicles beginning in 2025. CATL said it had signed an agreement with BMW “in which it is nominated as the supplier of the cylindrical cells for the German carmaker, CATL said without …

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Crypto Trader Who Predicted Bitcoin Collapse Below $30,000 Says BTC To Hit New Low – Here Are His Targets

Crypto Trader Who Predicted Bitcoin Collapse Below $30,000 Says BTC To Hit New Low – Here Are His Targets

A closely tracked crypto strategist and trader is warning Bitcoin holders that BTC is poised to hit a new 52-week low. Pseudonymous trader Capo tells his 322,300 Twitter followers another sell-off event is in sight for Bitcoin as the crypto markets continue to show signs of weakness. “Almost the entire market except BTC has made …

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Wall St.  Week Ahead: Stock rally fanned by hopes of Fed 'past peak hawkishness'

Wall St. Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

NEW YORK, May 27 (Reuters) – Bad news may once again be good news on Wall Street, as signs of slowing US growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while big misses from retail giants …

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