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'Digital Gold' Bitcoin Rises As Gold Price Records ATH
Gold prices hit record highs amid concerns that President Trump's declaration of a tariff war would raise inflation around the world again, and 'digital gold' Bitcoin(BTC) rose on Feb. 21. According to the Korea Exchange on Feb. 21, spot 1kg of gold was traded at 147,990 won, up 1.70% from the previous trading day. Gold, which hit its highest price based on the closing price on Feb. 14, broke its highest price again in about a week. Along with the rise in gold prices, Bitcoin rose by 1.54% on Feb. 21 and surpassed $98,000. Despite the rise of Bitcoin, a nu
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Major News Headlines for Today
1. Japan Moves To Reform Stablecoin Regulations And Crypto Brokerage Regulations Japan's Financial Services Agency(FSA) said it will ease strict regulations applied to stablecoins and cryptocurrency brokerage businesses for the purpose of developing the domestic cryptocurrency industry. The FSA said in an official statement on Feb. 19 that it will allow government bonds and time deposits up to 50% of reserve assets on the list of reserve assets allowed for stablecoins, where only demand deposits were allowed. In addition, the FSA announced th
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Bitcoin Beats Strong On U.S. Fed's FOMC Hawkish Comment
Despite the announcement of the hawkish stance of the Bitcoin(BTC) U.S. Federal Reserve (Fed), it remained strong on the 20th without a significant drop. On the 19th, the Fed revealed a hawkish stance through the minutes of the Federal Open Market Committee (FOMC) meeting in January, but many of the comments did not deviate significantly from market expectations, especially the possibility of adjusting the pace of quantitative tightening. "With the current high uncertainty, it is appropriate to carefully consider further adjustments to the monetary p
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Major News Headlines for Today
1. Ki Young Ju "Bitcoin Continues Rising As Long As It Holds Above $57,000" CryptoQuant CEO Ki Young Ju pointed out the Cost-Basis Trends, which means the average holding price of Bitcoin(BTC), through his X account on Feb. 19 and expressed his opinion that the upward trend will continue even if the price of Bitcoin falls 30% from the present. He pointed out that institutional investors, spot traders, and miners who hold Bitcoin have $89,000, $59,000 and $57,000 of average holding price, respectively. He pointed to the precedent
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Cryptocurrency Swings Sideways After Rebounding in Afternoon
Bitcoin(BTC) and cryptocurrency markets fell on Feb. 19 despite the rebound in the New York Stock Exchange. The cryptocurrency market, which is classified as a 'risk asset', is believed to have been hit the hardest by President Trump's declaration of a tariff war and the hawkish message from the U.S. Federal Reserve. Bitcoin, which fell about 3% in the early morning of Feb. 19, rebounded due to the influx of low-priced purchases and continued to move sideways at the $95,000 level from the afternoon. Altcoins continued the same trend as bitcoin. Many majo
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Major News Headlines for Today
1. FTX Starts First Debt Repayment..." Repayment of $1.2 Billion" FTX, which went bankrupt in November 2022, began its first debt repayment to creditors on Feb. 18, making a total of about $1.2 billion. In an official statement, FTX said it will conduct the next debt repayment on May. 30 for creditors who have verified their debts by April 11 this year. According to FTX's announcement, the next debt repayment targets are creditors who have verified debts of $50,000 or more. According to FTX's debt repayment plan, about 98% of creditors wi
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Cryptocurrency Continues Decline On Fears Of U.S. Fed Hawks
Cryptocurrencies including Bitcoin(BTC) fell on Fed. 18 due to the tariff war triggered by President Trump and the hawkish stance of the U.S. Federal Reserve. President Trump announced on Fed. 15(local time) that mutual tariffs would be applied to countries that operate the VAT system, and the global asset market fell into inflation fears. On top of that, the U.S. Fed froze its key interest rate in January and announced that it would be cautious about lowering interest rates, leading to a rise in gold prices, a 'safe asset', and a continued decline
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Major News Headlines for Today
1. SC Bank·Animoka Brands·Hong Kong Telecom Announce Hong Kong Stablecoin Launch Global bank Standard Chartered, Hong Kong venture capital Animoca Brands and Hong Kong Telecommunications(HKT) announced in a joint statement on Feb. 17 that they will apply license to the Hong Kong Monetary Authority(HKMA), the central bank of Hong Kong, to issue a Hong Kong dollar-backed stablecoin. 2. U.S. Stock Exchange MEMX Requests Permission to List XRP Spot ETFs U.S. stock exchange ME
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Bitcoin Falls Continuously Due to Depletion of Good News...The Decline in Altcoins Intensified
Bitcoin(BTC) fell on Feb. 17 as it depleted its upward momentum after the recent turmoil in the asset market. Bitcoin and cryptocurrency markets continued to decline due to the recent shock issues that continued to the asset market. Last week, President Trump began a tariff war with China, causing panic in the global asset market. Then, U.S. Federal Reserve Chairman Jerome Powell left a comment that he was not considering lowering the benchmark interest rate, further widening the uncertainty in the asset market. Since then, good news to lift the market has
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Major News Headlines for Today
1. Tether Talks With Members of Congress to Comply with U.S. Stablecoin Regulations Tether Co., the issuer of the largest stablecoin Tether(USDT), has been in talks with members of the U.S. Congress to comply with the stablecoin regulation in the U.S. Elenier Tarrett, a Fox Business cryptocurrency reporter, reported on his X account on Feb. 15 that Tether's leadership held a meeting with Representatives Brian Style and French Hill, who recently proposed the stablecoin regulation, and worked together to comply with Tether's U
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Bitcoin Keeps Sideways as U.S. Tightening Fears Persisted
Amid the U.S. tightening fears, the cryptocurrency market, including Bitcoin(BTC), went sideways on Feb. 14. Currently, fears are spreading in the asset market that the U.S. Federal Reserve will freeze its key interest rate based on the recently announced U.S. January Consumer Price Index(CPI). In particular, Fed Chairman Jerome Powell said in a recent public appearance, "The Fed's current monetary policy stance has become significantly less tight than before, and the economy remains strong," adding, "There is no need to hurry to cut
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Major News Headlines for Today
1. Metaplanet Raises 4 Billion Yen Bitcoin Investment 'Japanese Strategy' Metaplanet announced on Feb. 13 that it has raised about 4 billion yen by selling 0% interest bonds to purchase additional Bitcoin(BTC) through its official X account. Metaplanet said it will recruit about 21,000 Bitcoin by 2026. 2. Coinbase Increases Revenue 88% In Q4 Last Year Due To Trump Elections Coinbase's sales in the fourth quarter of 2024 increased by 88% compared to the previous quarter to $2.3 billion due to Trump's election as U.S. president. A