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Bitcoin, Ethereum, Dogecoin Continue To Spike Amid Post-FOMC Cheer: Analyst Says Over $20B Capital Flowing Into BTC, ETH Today – Benzinga

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The cryptocurrency market witnessed a modest increase on Thursday evening, primarily driven by the Federal Reserve’s (Fed) indication of possible interest rate reductions in the coming year and the positive sentiment surrounding the Bitcoin ETF. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m.EST) Bitcoin BTC/USD +0.03% $42,854 Ethereum ETH/USD +1.64% $2,290 Dogecoin DOGE/USD +1.79% $0.098 What…

Bitcoin Rebounds Above $42K as Fed Keeps Rates Stead

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According to a recent announcement, the Federal Reserve has maintained its benchmark interest rate.This marks the third successive meeting where the Fed has chosen stability over change, keeping rates constant.The interest rates have remained at a 22-year peak, ranging from 5.25 to 5.5%.This move reflects the Federal Reserve’s [attempt ](https://coingape.com/bitcoin-btc-price-moves-closer-to-40000-as-fed-stays-put-on-rate-hikes/)to balance its dual mandate of…

Why has Bitcoin price hit new all-time highs in Turkey, Egypt, Nigeria and Argentina?

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Since bottoming around $16,800, Bitcoin ( [BTC](https://cointelegraph.com/bitcoin-price)) has displayed resilience throughout 2023, posting over 153% gains year-to-date and 143% over the last 12 months to outperform major tech companies.Despite this impressive performance, the flagship cryptocurrency’s price is still 39% below the all-time high (ATH) level against the U.S.dollar reached in November 2021.Meanwhile, Bitcoin continues to…

After SEC Crackdown, Data Indicates Shift of Binance Users to P2P Alternative Paxful

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Traditional crypto exchanges appear to be in the crossfire.In 2022 FTX [collapsed](https://www.investopedia.com/what-went-wrong-with-ftx-6828447) within 10 days, and its CEO Sam Bankman-Fried resigned and was eventually arrested.Months later, Binance, the largest centralized crypto exchange, [agreed](https://www.coindesk.com/policy/2023/11/21/binance-to-settle-charges-with-us-doj-source/) to pay a penalty of $4.3 billion, one of the largest penalties in U.S.corporate history, and the effect is global.The Philippines Securities…

Fair Value Accounting For Crypto To Begin In 2024, Confirms FASB

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The Financial Accounting Services Board (FASB) announced on Wednesday that it has officially adopted fair value accounting for crypto assets starting next year.The change is expected to make Bitcoin and other digital currencies far more welcoming to hold on corporate balance sheets, despite their intermittent price volatility.FASB’s Major Accounting Change Per FASB’s latest [Accounting Standards…

Montenegro Prolong Detention of Do Kwon

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According to a recent announcement on Terraform Labs co-founder Do Kwon, the High Court in Montenegro has prolonged his detention.Originally set to expire on Friday, Kwon’s custody period has been extended by an additional two months until February 15th.This extension comes as both the United States and South Korea are actively seeking Kwon’s extradition.They have…

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