Dollar Steady, Bitcoin Holds Gains Ahead of Expected Spot ETF Approval

Dollar Steady, Bitcoin Holds Gains Ahead of Expected Spot ETF Approval

A decline in US consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year. In cryptocurrencies, bitcoin held near its strongest level since April 2022 on growing anticipation the Securities and Exchange Commission will…

Software Firm MicroStrategy Buys Bitcoin Worth $615.7 Million Ahead of SEC’s Spot ETF Decision

Software Firm MicroStrategy Buys Bitcoin Worth $615.7 Million Ahead of SEC’s Spot ETF Decision

Software firm MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million (Rs. 5,120 crore) in cash, amid growing expectations that the top US markets regulator will soon approve a spot bitcoin exchange traded fund (ETF). The company and its subsidiaries purchased about 14,620 bitcoins at an average…