Bitcoin drops to $63K, fails to rebound after Fed hints at future interest rate cuts

FET and other AI tokens are outperforming the wider crypto market this week, but is the rally purely driven by investors' earnings expectations for Nvidia?

Bitcoin (BTC) checked losses while United States equities drifted down on June 22 as the Federal Reserve kept quiet on monetary policy.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPowell keeps quiet on Fed movesData from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $20,500 at the June 22 Wall Street open.The pair had wicked below the…

BTC miners are struggling to adapt to a post-halving environment. 

Crypto exchange unicorn Binance will launch Binance Coin (BNB) futures trading on Feb. 10.As the 17th cryptocurrency available on Binance’s futures trading branch, BNB comes with 50x leverage, paired against Tether’s USDT stablecoin, Binance detailed in a Feb. 7 press release provided to Cointelegraph.BNB pumped with the rest of the marketBinance’s BNB coin has already…

With the latest spot BTC ETF amendments by Valkyrie and VanEck joining at least six others to make similar changes, five other spot Bitcoin ETF filings are yet to be amended. 423 Total views 2 Total shares Digital asset manager Valkyrie Investments is the latest firm to amend its spot Bitcoin (BTC) exchange-traded fund (ETF)

North American hedge funds are at the vanguard of crypto-curious investors, although EU and U.K. funds are not far behind, expecting to hold 6.8% of their assets in crypto within five years. 1717 Total views 5 Total shares A new survey of 100 chief financial officers at hedge funds worldwide has indicated that the sector…

We have all heard hundreds of stories about the life-changing money being made in the crypto space. Anonymous Twitter traders regale us with tales of turning $1,000 into millions in a matter of months, flipping altcoins and making 100x on investments daily. Moon. Lambo. To the outside observer, this seems like an easy and sure way…

The president of Peru’s central bank has indicated that the country will be joining forces with India, Singapore, and Hong Kong to develop its own central bank digital currency. 1621 Total views 21 Total shares The president of the Central Reserve Bank of Peru Julio Velarde announced that his country will be entering the global…

According to available information at press time, sources show a highly uncertain future for the Loom Network, a platform-as-as-service blockchain project.Cointelegraph investigated a number of Loom Network communication channels, finding no firm proof of a live project.  A May 8 tweet from Bruno Skvorc, owner of blockchain and cryptocurrency education platform, Bitfalls, led Cointelegraph staff down…