The Federal Reserve may be forced to cut rates in the near future if the US goes to war with Iran or the trade talks collapse. Key takeaways: The Federal Reserve may cut rates early if global trade, the energy supply or the US relationship with the Middle East deteriorates. A weakening dollar could be followed by an acceleration in Bitcoin price. Read more
The crypto exchange is setting up a new headquarters for the first time since shuttering its San Francisco office in 2022, following reports of employees being attacked. Cryptocurrency exchange Kraken has moved its global headquarters to Cheyenne, Wyoming, more than three years after shuttering operations in San Francisco. In a Friday blog post, Kraken said it was “recognition of the pro-crypto policymakers and constructive regulations” that contributed to its move to Wyoming. The company cited Wyoming Senator Cynthia Lummis’ crypto advocacy in the US state and Congress impacting its decision to move its headquarters. “Wyoming has been at the forefront of digital asset policy for nearly a decade and has created the perfect environment for digital asset companies to thrive,” said Lummis. “Kraken’s decision to relocate to the Equality State is a testament to Wyoming’s forward-thinking approach and reinforces Wyoming’s position as America’s premier crypto hub.” Read more
Bitcoin’s open interest divergence and a cleansing of latecomer longs could set BTC price on track toward fresh all-time highs. Key takeaways: Bitcoin price trades 6% below all-time highs, but several market signals suggest more upside ahead. Bitcoin is poised for a breakout to all-time highs if a key resistance level at $108,000 is broken. Read more
Bitcoin bulls attempt to reclaim daily moving averages while volatility warnings come before a unique options expiry event for TradFi markets. Key points: Bitcoin gives up pre-Wall Street gains as range-bound BTC price action stays in place. A potentially record-breaking TradFi options expiry event threatens curveball volatility across risk assets. Read more