Bitcoin could rally to $110,000 before potential pullback to $76,500
Forex - Bitcoin investors are keeping a close eye on the US Personal Consumption Expenditures (PCE) inflation report, which is set to be released on March 28 and could play a key role in shaping market sentiment.
The report, published by the US Bureau of Economic Analysis, tracks inflation based on consumer spending and is expected to provide insight into broader economic conditions.
Analysts believe that easing inflation concerns could boost Bitcoin, with some predicting a rally to $110,000 before a potential pullback to $76,500.
The giant asset management company is gearing up for crypto assets
Investing.com - Fidelity Investments (FIS), one of the world’s leading asset management companies, is preparing to launch its own Sabir cryptocurrency in a bid to expand its crypto assets business.
The move by the company, which manages around $5 trillion in assets, shows that traditional financial institutions are accelerating their integration with the crypto ecosystem.
According to the Financial Times, the stablecoin to be developed by Fidelity will be designed to function similarly to cash in crypto markets.
The new product, which will be managed by the company’s crypto assets division, aims to make it easier for both individual and institutional investors to access crypto assets.
The White House announced in a statement on the US-Ukraine talks in Riyadh that the US and Ukraine have agreed to "ensure safe navigation in the Black Sea."
Chinese tech giant Ant Group says it has developed methods that reduce AI training costs by 20 percent using Chinese chips. The Chinese fintech company, backed by Alibaba founder Jack Ma, claims that the Chinese-made chips performed as well as Nvidia chips in tests.