Bitcoin drops to $40K as FED looks for faster rate hikes
Jay Powell announces an increased pace to raise interest rates leading to a drop in crypto markets

The latest Bitcoin news today — live BTC price updates, mining developments, halving cycles, ETF flows, and institutional adoption headlines. CryptoSlate’s editorial team covers Bitcoin around the clock, from on-chain data and technical analysis to regulation and macro context, with breaking stories added throughout the day.
Crypto traders in the U.S. made around $47 billion gains from their trades in 2021, compared to $162.7 billion worldwide.
Cosmos Bitcoin ETF beat competition from other rivals like BetaShares, EFT Securities, and VanEck.
Ripple boss Brad Garlinghouse says Bitcoin maximalism is a narrow approach to blockchain technology. However, maxis say it's the only way to defend honest crypto.
The market price of bitcoin fell below $39,000 at the end of the Easter holidays, but has recovered since. Amidst continued volatility and sell pressure, there is also a strong undercurrent of persistent and robust demand.
IMF noted that countries with excess energy sources can monetize it through mining of the flagship digital asset, Bitcoin.
Bitcoin wallets are essential for storing, sending and receiving cryptocurrency. However, privacy is another important feature for some users.