Bitcoin, Fed
Aug 27 (Reuters) - Bitcoin fell 6.4% to $58,777 at 2218 GMT on Tuesday. Bitcoin, the world's biggest and best-known cryptocurrency, is down 20.3% from the year's high of $73,794 on March 14.
Bitcoin mining is still growing to record levels, and is even more competitive. Starting a mining operation is a matter of ...
U.S. stocks rose after the Federal Reserve lowered its benchmark interest rates by 50 basis points to a range of 4.75% to 5%.
In short, they buy Bitcoin every time it falls 20% or more in price and then HODL ("hold on for dear life"). That way, they're always buying Bitcoin at a discount. That's the situation now ...
"The Fed is more worried about the labor market and less concerned about inflation at this point," a Glenmede analyst said.