The post Coinbase Drops “1 BTC” Tweet as Bitcoin Price Slips Under $114,000 appeared on BitcoinEthereumNews.com. Major cryptocurrency exchange Coinbase has recently sent out a tweet that has caught interest in the crypto community. The timing of the tweet coincides with a broader market drop, with Bitcoin trading below $114,000 after falling as low as $112,555 early Wednesday. You Might Also Like In a tweet, Coinbase wrote “1 BTC =1 BTC” with the crypto community reacting afterward. Whether Coinbase was joining in the ongoing conversation surrounding the latest market dip or hinting at upcoming or current announcements from the exchange, the tweet serves as a reminder that Bitcoin’s value remains unchanged irrespective of short-term price swings. The tweet also comes at a time when exchange inflows have increased as short-term Bitcoin holders take profits. As reported, 50,026 BTC worth nearly $5.69 billion were moved to exchanges at a loss by short-term Bitcoin holders in just two days, marking one of the heaviest loss-driven moves in weeks. Fed signals awaited The crypto market was trading down early Wednesday as investors awaited the Federal Reserve’s meeting minutes from July and further signals about the path of monetary policy. The Fed is scheduled to release minutes from its July 29-30 policy meeting on Wednesday. You Might Also Like Bitcoin was trading down 2.05% in the last 24 hours to $113,269, extending its drop from its record high of $124,533 reached on Aug. 14, 2023. The cryptocurrency is down nearly 7% weekly. This week, investors are watching closely the Fed’s annual economic symposium in Jackson Hole, Wyoming, for hints about what may happen at the central bank’s remaining policy sessions this year. Fed Chairman Jerome Powell is scheduled to speak at the symposium this Friday. If Powell indicates imminent dovish policy, cryptocurrencies may rebound.  Crypto traders will also be following Thursday’s jobless claims data. Source: https://u.today/coinbase-drops-1-btc-tweet-as-bitcoin-price-slips-under-114000The post Coinbase Drops “1 BTC” Tweet as Bitcoin Price Slips Under $114,000 appeared on BitcoinEthereumNews.com. Major cryptocurrency exchange Coinbase has recently sent out a tweet that has caught interest in the crypto community. The timing of the tweet coincides with a broader market drop, with Bitcoin trading below $114,000 after falling as low as $112,555 early Wednesday. You Might Also Like In a tweet, Coinbase wrote “1 BTC =1 BTC” with the crypto community reacting afterward. Whether Coinbase was joining in the ongoing conversation surrounding the latest market dip or hinting at upcoming or current announcements from the exchange, the tweet serves as a reminder that Bitcoin’s value remains unchanged irrespective of short-term price swings. The tweet also comes at a time when exchange inflows have increased as short-term Bitcoin holders take profits. As reported, 50,026 BTC worth nearly $5.69 billion were moved to exchanges at a loss by short-term Bitcoin holders in just two days, marking one of the heaviest loss-driven moves in weeks. Fed signals awaited The crypto market was trading down early Wednesday as investors awaited the Federal Reserve’s meeting minutes from July and further signals about the path of monetary policy. The Fed is scheduled to release minutes from its July 29-30 policy meeting on Wednesday. You Might Also Like Bitcoin was trading down 2.05% in the last 24 hours to $113,269, extending its drop from its record high of $124,533 reached on Aug. 14, 2023. The cryptocurrency is down nearly 7% weekly. This week, investors are watching closely the Fed’s annual economic symposium in Jackson Hole, Wyoming, for hints about what may happen at the central bank’s remaining policy sessions this year. Fed Chairman Jerome Powell is scheduled to speak at the symposium this Friday. If Powell indicates imminent dovish policy, cryptocurrencies may rebound.  Crypto traders will also be following Thursday’s jobless claims data. Source: https://u.today/coinbase-drops-1-btc-tweet-as-bitcoin-price-slips-under-114000

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more