paint-brush
Fed Holds Rates, Powell Signals Caution, Bitcoin ETFs Gain Tractionby@ulriklykke

Fed Holds Rates, Powell Signals Caution, Bitcoin ETFs Gain Traction

by Ulrik LykkeNaNFebruary 1st, 2024
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

The U.S. Federal Reserve maintains interest rates, and Fed Chair Powell signals caution, reducing expectations of rate cuts in March. Bitcoin ETFs experience positive net inflows despite Grayscale's outflows. Whales accumulate Bitcoin, contributing to a potential price increase. Bitcoin ordinals surge on the blockchain, indicating a growing NFT trend. FTX pledges full reimbursement to customers, and Harvest Global applies for a Bitcoin Spot ETF in Hong Kong. Celsius Network emerges from Chapter 11, initiating a $3 billion cryptocurrency distribution to creditors.
featured image - Fed Holds Rates, Powell Signals Caution, Bitcoin ETFs Gain Traction
Ulrik Lykke HackerNoon profile picture
Ulrik Lykke

Ulrik Lykke

@ulriklykke

Author of the Bitcoin Global Macro, a newsletter focusing on digital assets, macro insights & investment ideas.

0-item
1-item

STORY’S CREDIBILITY

Original Reporting

Original Reporting

This story contains new, firsthand information uncovered by the writer.

DYOR

DYOR

The writer is smart, but don't just like, take their word for it. #DoYourOwnResearch before making any investment decisions or decisions regarding your health or security. (Do not regard any of this content as professional investment advice, or health advice)

L O A D I N G
. . . comments & more!

About Author

Ulrik Lykke HackerNoon profile picture
Ulrik Lykke@ulriklykke
Author of the Bitcoin Global Macro, a newsletter focusing on digital assets, macro insights & investment ideas.

TOPICS

THIS ARTICLE WAS FEATURED IN...

Permanent on Arweave
Read on Terminal Reader
Read this story in a terminal
 Terminal
Read this story w/o Javascript
Read this story w/o Javascript
 Lite
Also published here