Market Insights

Democrats are pushing forward with a downsized budget resolution. Countries and financial institutions continue driving Bitcoin adoption.

Bitcoin reaches new all-time highs as Jerome Powell reiterates concerns about inflation. Bitcoin markets saw several massive deals in both the public and private sectors.

The House of Representatives increased the U.S. debt ceiling, raising existing concerns about elevated inflation levels. Bitcoin continues to rally as the SEC clears the way for additional Bitcoin investment vehicles.

The Senate approved an increase to the debt limit, which is expected to pass in the House. The SEC and FDIC are both making efforts to support cryptocurrency markets in the United States.

Republicans continue blocking an increase to the debt ceiling, despite the potential ramifications of a government shutdown. Bitcoin mining operations are expanding in several countries and replacing the hashrate displaced from China.

China escalates its crackdown on cryptocurrency markets. The Fed is looking to tighten monetary policy in an effort to control inflation while the threat of a government shutdown looms.

Democrats push forward with new spending measures despite concerns from moderates within their party. Several Latin American countries are interested in treating Bitcoin as legal tender.

El Salvador officially adopted Bitcoin as legal tender. Blockstream looks to build the first renewable energy bitcoin mining facility. Despite stalling economic performance, the Fed believes it will still be able to taper asset buying.

The U.S economy posted poor economic indicators in August as hiring slows down. Bitcoin performed well ahead of El Salvador’s official adoption of the currency.

The Fed hopes to reduce spending in an effort to control inflation. Afghanistan’s economic future is uncertain as other nations cut off their access to funds.

The U.S. economic recovery continues as Taliban control of Afghanistan creates global concern. Bitcoin prices continued to trend upward this week.

The Senate passed the infrastructure bill with the original cryptocurrency provision. Democratic holdouts may complicate the House’s passage of the bill.

The Senate and the SEC are both looking to increase regulation of cryptocurrency markets. Bitcoin has extended its price rally despite legal uncertainty in the United States.

Bitcoin prices appreciated significantly this week, with many consecutive days of gains. The Senate advanced a $550 billion infrastructure bill that includes a provision for enhanced scrutiny of cryptocurrency markets.

Elon Musk, Jack Dorsey, and Cathie Wood discussed Bitcoin and how their respective companies will engage with the currency. Cryptocurrency regulation continues to take shape across the globe.

Powell and Yellen acknowledged that inflation levels are well above typical targets. Square and BNY Mellon are among the financial institutions announcing larger support for Bitcoin services this week.

Inflation expectations increase in the United States and Europe. Argentina has proposed Bitcoin legislation that could pave the way for further adoption in the country. Bitcoin adoption continues as the difficulty declines.

The U.S. government continues pushing through large spending plans, despite several key indicators that inflation is well above normal levels. Major investors use Bitcoin’s pullback as a buying opportunity.

El Salvador became the first country to adopt Bitcoin as legal tender. The U.S. dollar continues to see high levels of inflation as additional spending packages are discussed.

Bitcoin 2021 drew support from financial and technological industry leaders. India and China are among the countries giving positive updates to their stance on Bitcoin.

The Biden administration continues pushing significant spending measures, even as the U.S. economy is staging a significant recovery across almost all sectors. Notable individual investors and large companies continue exploring and entering the Bitcoin space despite recent price volatility.

Bitcoin faced a significant pullback this week before a partial recovery. Statements by Elon Musk appear to be a contributor to the decline in prices. Updated government policies also affected bitcoin markets.