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Crypto

Russia crypto users near 20 million, holdings above $44 billion

Russia has nearly 20 million cryptocurrency users and their digital asset holdings exceed $44 billion, an estimate showed. The finance ministry expects the market to expand after the start of incorporation into the formal system and forecasts 10 million new users could be added in 2027 alone. Officials outlined new rules legalising crypto transactions, licensing exchanges and requiring use of approved service providers and depositories, while warning limits remain on monitoring users and assets.

Crypto

Fed raises policy rate by 25 bps; what does it mean for bitcoin?

The U.S. Federal Reserve raised its benchmark interest rate by 0.25 percentage point, the first hike since 2023, lifting the target range for the federal funds rate to 3.75 to 4.00 percent. The move largely matched expectations and won unanimous support from all 12 FOMC members. Crypto markets fell about 2.18 percent on the day. Bitcoin briefly rose near $75,900 before slipping back toward $75,100, while holding a closely watched support zone.

Crypto

Fed rate hike odds jump to 94.5 percent, putting $70,000 bitcoin at risk

Odds of a 0.25 percentage point U.S. Federal Reserve rate hike have climbed to 94.5 percent, leading Wall Street to treat a move as a near certainty. If implemented, the federal funds rate would rise to 3.75 percent to 4 percent from 3.50 percent to 3.75 percent. Attention is shifting to the rate path after the decision, as Treasury yields rise and bitcoin has fallen from its September peak.