‍Bitcoin Tumbles Below $88K Ahead of FOMC Decision Bitcoin (BTC) has dropped below $88,000 as markets anticipate the US Federal Reserve's interest rate announcement. The cryptocurrency saw a $2,000 decline in just two hours leading into Sunday's close, nearing $87,000. Traders are closely watching the upcoming FOMC meeting, with expectations of a 0.25% rate cut. Analyst Michaël van de Poppe suggests Bitcoin could retreat to $87,000 before potentially bouncing back to confirm its uptrend and aim for $92,000, with eyes on $100,000 in the following weeks. A critical support level to watch is $86,000.
Cryptovka
Bitcoin Dips Below $88K Amid FOMC Nerves: Key Support Levels Eyed
The price of Bitcoin (BTC) experienced a notable dip over the weekend, falling below the $88,000 threshold as market participants brace for a signi...
‍MNEE Launches Multi-Chain USD Stablecoin, Enhancing Digital Dollar Mobility MNEE Limited has introduced its fiat-backed USD stablecoin, MNEE, designed to address transparency, compliance, and technical limitations in the current stablecoin market. The stablecoin is deployed on Ethereum (ERC-20) and 1Sat Ordinals, with plans for future expansion. MNEE maintains a 1:1 reserve ratio with U.S. dollars or equivalent assets. It operates under a strict compliance framework, including AML/KYC, and holds a Class A Digital Asset Business License from Antigua and Barbuda. The stablecoin is listed on the LBank exchange. MNEE does not use algorithmic stabilization mechanisms.
Cryptovka
MNEE Unveils Multi-Chain USD Stablecoin, Targeting Enhanced Digital Dollar Mobility
MNEE Limited, a licensed digital asset issuer, has officially launched its fiat-backed USD stablecoin, MNEE, marking a significant step in addressi...
‍BitMine Acquires $199M in ETH, Defying Bearish "Smart Money" Sentiment BitMine Immersion Technologies, the world's largest corporate Ether holder, has continued its aggressive accumulation of Ethereum (ETH) with a recent $199 million investment. This move contrasts sharply with "smart money" traders who are betting on a price decline, and positions BitMine closer to its goal of holding 5% of the total Ether supply. Despite an industry-wide slowdown in digital asset treasury activity, BitMine acquired a significant portion of recent Ether acquisitions. While top traders have increased short positions and Ether ETFs face outflows, BitMine's strategy signals strong long-term conviction in ETH.
Cryptovka
BitMine Defies "Smart Money" with $199M Ether Acquisition, Nears 5% Supply Target
BitMine Immersion Technologies, recognized as the world’s largest corporate Ether holder, has continued its substantial acquisition of Ethereum (...