Bitcoin dropped below the $67,000 threshold following the release of Federal Reserve January meeting minutes. The minutes revealed officials maintain a hawkish stance on interest rates due to persistent inflation concerns. Expectations for a March rate cut diminished as policymakers signaled a need for more evidence of cooling prices. Bitcoin fell 2.4% within two hours of the announcement, reaching a daily low of $66,850. The broader cryptocurrency market tracked the decline with Ethereum and Solana losing over 3% respectively
The Goldman Sachs flip is officially complete. David Solomon owning BTC changes the game for institutional credibility. Chainscandaily called this shift months ago.
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Goldman Sachs CEO David Solomon revealed personal Bitcoin ownership during a Bloomberg interview. Solomon characterized Bitcoin as a legitimate store of value and a significant financial innovation. The CEO noted his personal investment reflects a broader shift in institutional perspective toward digital assets. Goldman Sachs continues to expand its crypto-linked services, including digital asset custody and trading. This disclosure marks the first time the head of the global investment bank has confirmed private BTC holdings.
The Goldman Sachs flip is officially complete. David Solomon owning BTC changes the game for institutional credibility. Chainscandaily called this shift months ago.
Goldman Sachs CEO David Solomon revealed personal Bitcoin ownership during a Bloomberg interview. Solomon characterized Bitcoin as a legitimate store of value and a significant financial innovation. The CEO noted his personal investment reflects a broader shift in institutional perspective toward digital assets. Goldman Sachs continues to expand its crypto-linked services, including digital asset custody and trading. This disclosure marks the first time the head of the global investment bank has confirmed private BTC holdings.
Goldman Sachs CEO David Solomon revealed personal Bitcoin ownership during a Bloomberg interview. Solomon characterized Bitcoin as a legitimate store of value and a significant financial innovation. The CEO noted his personal investment reflects a broader shift in institutional perspective toward digital assets. Goldman Sachs continues to expand its crypto-linked services, including digital asset custody and trading. This disclosure marks the first time the head of the global investment bank has confirmed private BTC holdings.
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Hyperliquid Launches $29M DeFi Policy Center Led by Jake Chervinsky Description: Decentralized exchange Hyperliquid commits 1M HYPE tokens to fund a new D.C. lobbying arm. The group will focus on perpetual futures regulation and blockchain infrastructure as Hyperliquid's monthly volume tops $250B.
While Bitcoin fell 23%, Abu Dhabi’s sovereign funds were buying more. Mubadala and ADIC now hold $1B+ in BlackRock's ETF, signaling a massive shift in institutional adoption.
Bitcoin fell to $67,746.6 on Wednesday, reflecting investor caution ahead of key U.S. economic data and Federal Reserve minutes. Strategy Inc disclosed the purchase of 2,486 Bitcoin for $168.4 million, bringing its total stockpile to 717,131 coins. Investors remain wary as Bitcoin has dropped nearly 50% from its October record high of over $126,000. Market focus is on the upcoming PCE price index and industrial production data to gauge future interest rate movements. Concerns persist regarding Strategy Inc’s debt obligations and equity dilution amid sustained downward price pressure.