
Bitcoin, Ethereum shed gains before looming Fed interest rate hike
With the Federal Reserve expected to raise the interest rate by at least 75 basis points on July 27, the crypto market cap has shed roughly 4%.
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With the Federal Reserve expected to raise the interest rate by at least 75 basis points on July 27, the crypto market cap has shed roughly 4%.

While Asia has been leading global markets in terms of Bitcoin accumulation, July has also brought a bullish sentiment to the U.S. and E.U.

During every cycle bottom, long-term holders are the holders of last resort, providing Bitcoin with strong support.

Gaurav Dubey, the CEO of TDeFi, says a cataclysmic economic meltdown could be good for cryptocurrencies.

Bitcoin's 59% decline during the second quarter resulted in significant losses for Tesla, MicroStrategy and Block based on their previous holdings disclosure.

The ratio between an asset’s market cap and realized cap, the MVRV-Z Score has historically been used to mark tops and bottoms in Bitcoin market cycles with impressive reliability

Based on a Q2 2022 BMC survey, the efficiency of miners has increased by 46% year-on-year and by 5,814% compared to 8 years ago.

The sold Bitcoins were connected to digital assets seized by the authorities for facilitating narcotics and doping substances transactions.

Tesla revealed that its Bitcoin trade brought $936 million to its balance sheet.




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