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Fed Chair Jerome Powell says that US banks are free to engage in crypto activities, giving them the green light to enter the world of cryptocurrency. The declaration is a huge one for the crypto industry, which has thrived in 2025 in a United States that has become more pro-crypto on a federal level. The Federal Reserve Chair emphasized that while the banks are free to engage with crypto, they must do so in a safe and responsible way, with proper protections for customers and the financial system. JUST IN: Federal Reserve Chair Jerome Powell says "banks are free to conduct crypto activities." pic.twitter.com/gCGvwdTh7l — Watcher.Guru (@WatcherGuru) June 24, 2025 Back in February, Powell said that the Federal Reserve would not block banks from serving legal crypto customers. He proclaimed that the Fed would no longer get in the way of crypto banking and permitted banks to serve cryptocurrency customers. Now the Fed Chair is given a further green light for Banks to not only s...

According to data from Farside Investors, BlackRock’s IBIT Bitcoin (BTC) ETF has purchased $1.1 billion worth of BTC over three days. The world’s largest asset manager bought $193.5 million worth of BTC on Apr. 22, $643.2 million worth on Apr. 23, and $327.3 million worth on Apr. 24. BlackRock’s recent buying spree comes amid a market-wide resurgence. Also Read: Why No Currency Can Replace U.S. Dollar’s Power: IMF Data Is Clear Source: Farside Investors Bitcoin Surges After BlackRock’s $1.1 Billion Buy BTC has reclaimed the $93,000 mark after its recent descent to below $75,000. BTC is currently training in the green zone across all time frames. The asset is up 1.4% in the daily charts, 10.5% in the weekly charts, 15.5% in the 14-day charts, 6.5% over the previous month, and 45.7% since April 2024. Source: CoinGecko Also Read: Shiba Inu: $18 Million Profits in SHIB If You Invested ‘At This Time’ Other bullish factors may have also propelled Bitcoin’s (BTC) ...

Bitcoin (BTC) saw explosive momentum starting in early November. By December 4, the leading cryptocurrency reached a new all-time high — closing above $100,000 for the first time in history. However, in mid-December, the Federal Reserve announced that it would only make two rate cuts in 2025. Both the stock market and the cryptocurrency market saw an immediate pullback — on December 20, as much as $310 billion in value stored in digital assets was erased. Things have improved somewhat since then — BTC has not reclaimed the $100,000 mark as of press time, but it has retraced back to approximately $96,240. Over the course of the last 7 trading days, Bitcoin has seen prices increase by just 0.78% — with year-to-date (YTD) returns standing at 128.02%. Picks for you Bitcoin adds $1.1 trillion in 2024 2 hours ago ...

1. Federal Reserve Sets Interest Rate Ceiling at 4.50% link The Federal Reserve announced its rate decision, setting the upper limit at 4.50%, in line with expectations and lower than the previous rate of 4.75%. According to the Fed’s statement, recent data indicates steady economic growth, a cooling labor market, a rise in unemployment though still at low levels, and inflation nearing but slightly above target. The committee will continue reducing the balance sheet, with the decision receiving majority support. Beth Hammack dissented, advocating to maintain rates at 4.5%-4.75%. During the press conference, Chair Jerome Powell stated that the Fed is not permitted to own Bitcoin and has no intention to change the law. The dot plot revealed a reduction in next year’s rate cut projections from four to two. Powell emphasized a more cautious approach to future rate adjustments, contingent on further progress in reducing inflation. He noted it could take one to two years to reach the inflati...

Crypto market leader Bitcoin (BTC) zoomed past the psychological $100K mark for the first time in history after US President-elect Donald Trump nominated pro-crypto Paul Atkins to replace Gary Gensler as the new Chair of the Securities and Exchange Commission (SEC). BTC pumped more than 9% in the last 24 hours to trade at $102,104.55 as of 1:10 a.m. EST. This added to the crypto king’s weekly gain and boosted Bitcoin’s market cap to above $2 trillion. Trump Nominates Atkins As Gensler’s Replacement Incoming US President Trump announced in a Dec. 4 post on Truth Social that he has nominated Atkins to replace SEC Chair Gensler as the agency’s chief. In the post, Trump noted Atkins’ former role as an SEC commissioner, adding that he “strongly advocated for transparency and protecting investors,” during his time at the regulator. This nomination of a pro-crypto SEC Chair follows the promises made by Trump earlier this year at the Bitcoin 2024 ...

1. Trump Elected 47th President of the United States link On Wednesday, Donald Trump effectively secured his position as the 47th President of the United States, clinching the necessary 270 electoral votes with a victory in Wisconsin. CCTV-2’s Economic News broadcast reported that “Bitcoin’s price has surged to an all-time high, reaching $75,000 with an increase of over 8%.” The report noted that Trump previously pledged to make the U.S. the global capital for Bitcoin and cryptocurrency and to establish a strategic Bitcoin reserve. Rune Christensen, founder of Sky (formerly MakerDAO), commented on social media that Trump’s win could catalyze a genuine, sustained revival of DeFi, with user numbers potentially increasing tenfold, as DeFi stands to benefit the most from reduced regulatory uncertainty in the U.S. compared to other areas of the crypto sector. 2. Trump’s Team Considers Robinhood’s Chief Legal Officer, Dan Gallagher, for SEC Chair link On Friday, Reuters reported that Donald ...

Bitcoin has surged past $66,000, and Altcoin Buzz has analyzed the potential drivers for a push toward reclaiming the $70,000 mark. Experts point to the Federal Reserve’s recent interest rate cuts as a key influence, as lower rates tend to encourage investment in riskier assets like Bitcoin. According to Into The Cryptoverse (ITC), Solana is steadily recovering from a severe bear market that led to sharp declines in price and market capitalization. A chart from ITC shows that SOL’s dominance peaked near 4% during the 2021 bull run before dropping significantly in the months following. Other altcoins are also experiencing positive price movements. For those looking to capitalize on the current market optimism, here are the five best altcoins to watch today. 6 Best Altcoins To Watch Today Stellar (XLM) is a decentralized peer-to-peer network. THORChain has played a key role in helping various platforms generate significant passive income. Chainlink serves as a blockchain ab...

In what is an immensely important development for the US economy, the latest Consumer Price Index report shows that inflation fell to 2.5% in August 2024. The development is massively important to the Federal Reserve, as they look to issue their first interest rate cuts in more than four weeks. The expectation is that those cuts will come as early as next week. Although the inflation data is still above the Fed’s 2% target, circumstances have pushed cuts ahead of schedule. Currently, the CME Group FedWatch tool predicts a 71% chance of a 25 basis point cut during the next FOMC meeting on September 17th. BREAKING: US inflation falls to 2.5%, lower than expectations. — Watcher.Guru (@WatcherGuru) September 11, 2024 Also Read: US Economy Is Slowing Down, Showing Signs Of A Possible Decay US Inflation Falls Below Expectations for August 2024 The United States economy has long been languishing in a state of fragility. Following the continued pandemic recovery, the Federal Reserv...

Pepe (PEPE) has displayed an incredible performance since its launch in April 2023. The asset’s price has rallied by thousands per cent since its debut and is up 780% since August 2023. The meme coin has quickly claimed the charts and is currently the 31st-largest crypto project by market cap. Despite its incredible performance over the last year, the frog-themed crypto has faced a significant correction over the previous few days. Pepe is down by 0.6% in the daily charts, 3.4% in the weekly charts, and more than 31% over the past month. Also Read: Cardano Gears Up To Embrace Chang Fork: Will ADA Spike This Weekend? Source: CoinGecko Also Read: DOGE Uptick Ahead? Elon Musk, Tesla Win Dogecoin Manipulation Lawsuit The dip might not last long as the Pepe is predicted to hit a new all-time high. PEPE to Hit a New All-Time High? CoinCodex’s Price Prediction According to CoinCodex’s data, the meme coin will rally throughout September 2024. The platform anticipates the coin ...

BTC traders fix their eyes on $31,000 even as $2 billion in Bitcoin options are set to expire this Friday. The upcoming $2 billion Bitcoin (BTC) monthly options expiry on July 28 could potentially establish $29,500 as a support level. Some argue that the recent U.S. Federal Reserve interest rate increase to 5.25% had a detrimental effect on risk-on assets like cryptocurrencies. However, Bitcoin bulls believe that the full impact of a tighter economic policy takes time to influence the markets. Bitcoin daily price movements during option expiries. Source: TradingView Looking back, the monthly expiry on June 30 did not cause significant volatility, given that Bitcoin had already experienced a 22.2% gain between June 15 and June 23. Conversely, the May monthly expiry triggered a 9% rally, with Bitcoin's price rising from $26,100 on May 25 to $28,450 on May 29. In contrast, the options expiry in April resulted in a 7% correction, as Bitcoin's price dropped from $29,900 on April 2...