Bitcoin News Daily Official TheBitTimes.com

According to Farside Investors, BlackRock’s Bitcoin (BTC) ETF, IBIT, purchased $38.2 million worth of BTC on Apr. 15. The world’s largest asset manager had earlier bought $36.7 million worth of BTC on Apr. 14. BTC’s price witnessed a rally on both days of BlackRock’s BTC buying spree. Also Read: Pi Coin April 2025: Price to Jump 230% This Month? $2 Peak In Sight Bitcoin Recovers Amid BlackRock’s Big Purchase Source: Reuters BTC’s price fell to below $75,000 during the market crash earlier this month. The crash was most likely due to the US imposing tariffs on multiple trade partners. The original cryptocurrency recovered after President Trump announced a 90-day tariff pause on all countries except China. Also Read: Shiba Inu Vs. Dogecoin: Which Can Turn $1000 To $1 Million First? BTC is currently down 1.7% in the daily charts and 0.9% in the 14-day charts. Despite the pullback, the asset is up 8.8% in the weekly charts, 0.9% in the monthly charts, and...

Bitcoin weathers the Fed's decision to keep rates at their previous levels, while Chair Jerome Powell reveals the potential for another hike to come this year. Bitcoin (BTC) saw snap volatility on Sep. 20 as the United States Federal Reserve maintained interest rates at twenty-year highs. BTC price digests Fed rate pause Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it reacted to the rate decision and accompanying commentary from Fed Chair Jerome Powell. The Federal Open Market Committee (FOMC) opted to keep rates at their previous levels set in July this year. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run,” a press release stated. “In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent.” Fed funds rate chart. Source: St. Louis Fed The move was overwhelmingly expected ahead of time by markets, with a 99% p...

BTC price clings to $26,000 with Bitcoin traders braced for the Wall Street open following the latest CPI report. Bitcoin (BTC) saw snap volatility on Sep. 13 as United States macroeconomic data showed inflation beating expectations. BTC/USD 1-hour chart. Source: TradingView Fuel, shelter boost August CPI beyond target Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it threatened a fresh loss of the $26,000 mark. The Consumer Price Index (CPI) print for August came in at 3.7% year-on-year — 0.1% higher than forecast. “The index for gasoline was the largest contributor to the monthly all items increase, accounting for over half of the increase,” part of an official press release from the U.S. Bureau of Labor Statistics read. “Also contributing to the August monthly increase was continued advancement in the shelter index, which rose for the 40th consecutive month.” U.S. CPI 12-month percentage change chart. Source: U.S. Bureau of Labor Statistics Earlie...

Since the start of the year, the crypto market’s performance has been considerably poorer than the S&P 500 and other popular indexes. There’s no denying the fact that the crypto market has been faced with an obscene amount of bearish pressure over the last eight odd months. Despite this, September has been especially turbulent for the industry, with the price of Bitcoin (BTC) dropping below the all-important $20,000 psychological threshold before forging a comeback.  While these dips have called into question the asset’s status as digital gold and a hedge against inflation, a key question worth examining is how deeply intertwined the crypto market with the global economy is. To this point, historic inflation numbers have driven the price of everything under the sun — from fuel to food — to record highs. And, despite the S&P 500, a stock market index tracking the performance of 500 large companies listed on exchanges in the United States, being down year-to-date (YTD), its perf...

Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates poor monetary policy decisions of central banks. Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools that make the decentralized finance (DeFi) ecosystem safer.  The trading platform outlined the four areas in a March 24 post — about a month after Coinbase launched Base on Feb. 23. Base is secured by Ethereum and powered by fellow layer-2 network Optimism. Are you a build er passionate about making the onchain economy grow, but looking for where to start? We just published a Request for Builders: four areas we’d love to see build ers explore on Base (with funding from the Base Ecosystem Fund) https://t.co/XSSdPnusyc — Base (@BuildOnBase) March 24,...