Bitcoin rally now depends on one Fed document coming Wednesday
The Federal Reserve publishes the minutes of its June 16–17 meeting on Wednesday at 2 p.m. ET, and the release will either validate Bitcoin's week-long recovery or pull out its foundation. Traders bought the rebound on a single macro assumption: a weakening US labor market limits how long the central bank can stay hawkish. The […] The post Bitcoin rally now ...
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Bitcoin ETFs draw $500M but weak demand leaves rebound exposed
US spot Bitcoin exchange-traded funds drew nearly $500 million across the last two trading sessions, giving traders their first clear fund-flow rebound in weeks even as several market gauges continued to show weak demand for the top digital asset. The US ETF products took in $221.72 million on July 2, ending a 10-session outflow streak […] The post Bitcoin E...
Reserve Bank of India still favors crypto prohibition to curtail tax evasion: Reuters
RBI maintains opposition to crypto, advocating prohibition to combat tax evasion and capital flight. India's 39 million crypto investors operate in regulatory limbo as authorities cite financial contagion risks and seigniorage concerns. Tax officials report less than 25% compliance on crypto gains. The central bank opposes bank exposure to all cryptocurrencies and stablecoins, citing external deficit vulnerabilities and tracking difficulties.