Bitcoin & Cryptocurrency News

Bitcoin is weathering a difficult September. A Federal Reserve rate hike, the CLARITY Act’s Senate setback, rising oil prices and a stronger dollar have all landed during Bitcoin’s historically weakest month. Despite the pressure, Bitcoin is down roughly 1.5% in September after gaining about 25% in August. Since 2013, Bitcoin has averaged a decline of around 3% during September. Bitcoin Absorbs a Fed Rate Hike The Federal Reserve raised its benchmark interest rate by 25 basis points this week, adding another macro headwind for Bitcoin and global markets. Higher rates affect borrowing costs, liquidity and financial conditions — all closely

A Bitcoin whale holding 500 BTC has become active after more than 12 years, moving Bitcoin that had remained untouched for over a decade.The activity was flagged by blockchain trackers Whale Alert and Lookonchain and involved Bitcoin address 18TExP. When the coins were last active, the 500 BTC was worth roughly $500,000.Bitcoin blockchain data confirms the movement of the BTC. At the time of writing, there is no confirmed exchange deposit or sale associated with the Bitcoin transaction. Bitcoin Whale Moves 500 BTC After 12 Years Large movements from a dormant Bitcoin wallet attract attention because every transaction is permanently

Bitcoin regulation in the United States takes center stage Tuesday as the Senate prepares for a key procedural vote on the CLARITY Act, legislation designed to establish a federal regulatory framework for cryptocurrencies and other digital assets.After months of negotiations, the bill needs 60 votes to advance in the Senate. What Is the CLARITY Act? The CLARITY Act is designed to establish federal rules for Bitcoin, cryptocurrencies and the wider U.S. digital asset industry.The legislation addresses how securities and commodities laws apply to digital assets and establishes responsibilities for federal regulators, including the Securities and Exchange Commission (SEC) and Commodity

Bitcoin is holding around the upper-$70,000 range while several major traditional markets face significant moves. Oil has climbed above $90 a barrel, government bond yields have risen, stocks have fallen and gold has dropped sharply. Bitcoin has traded between roughly $76,000 and $80,000 following Friday’s decline. The contrasting moves put Bitcoin alongside some of the biggest developments across global markets this week. Oil Breaks Above $90 WTI crude oil futures have climbed above $90, gaining nearly 9% over the past week. The move comes alongside rising government bond yields across several major economies. The U.S. 10-year Treasury yield has climbed