75ps or 100bps, it’s likely there’ll be a bit of volatility this week.

Elsewhere, however, some economists are calling for a 100bps hike, with the logic that aggression now will quicken the process to bring inflation down by early 2023.

The fall in price was in spite of the volatility index (VIX) lowering, suggesting swathes of Wall St may believe that a lot of the economic turbulence caused by the hikes has already been priced in.

The move down is ahead of the FOMC’s meeting where peeps are expecting a further 75bps hike on rates come Wednesday.

Bitcoin dropped 5.6% on Monday to trade at $21k, falling further astray from the 200-week moving average it managed to briefly break through last week.

There’s no FOMO when it comes to FOMC Bitcoin takes a slide ahead of the much feared Federal Open Market Committee (FOMC). The entire crypto asset class fell back below $1tn on Tuesday, with Bitcoin clinging onto $21k after a hefty 5.2% drop on Monday.

On the market, Bitcoin is facing a bit of a puzzle itself as it tries to navigate the implications of a potential 100bps Fed hike, as well as a continued struggle at the 200-week moving average.

Viker’s co-founder Dan Beasly believes the gaming studio has a vibrant play-to-earn ecosystem, with around 500k players earning Bitcoins from its games every month. All the rewards will go through Bitcoin’s Lightning Network – a layer 2 solution designed to lower transaction time and cost.The companies claim the process of earning and withdrawing the Bitcoin is all pretty user-friendly, and that the money earned can also go back into Zebedee’s own virtual economy. Zebedee and mobile games studio Viker have teamed up to bring Bitcoin rewards to three games: solitaire, sudoku, and ‘Missing Letters’ – a Wordle-like game.US investment group Charles Schwab recently launched a crypto-related ETF, the UK’s Schroders has acquired a stake in digital assets manager Forteus, and Goldman Sachs announced its first ever Bitcoin-backed loan in April.įorget mining, just play sudoku If you’re good at puzzles and you like Bitcoin, you’re in luck: gaming startup Zebedee has launched a play-to-earn Bitcoin platform. It looks like crypto might be beginning to shake its institutional stigma despite seeing such losses this year.The OG token has risen by a substantial 12% over the last month, which prolly has something to do with the fact that inflation doesn’t seem to be getting any worse (for now) – CPI data on Wednesday drove BTC to its highest close since mid-June. Bitcoin has been enjoying the cool-down of the recent market panic.BlackRock founder Larry Fink has come a long way from describing BTC as little more than a vehicle for money laundering.

As the largest money management firm in the world, it’s a pretty shiny vote of confidence for crypto as an asset class. BlackRock has launched a spot Bitcoin private trust.Asset managers ignore the rout Asset managers ain’t fazed by recent market bearishness, still seeing enough demand for BlackRock to up its Bitcoin offering game.

Bitcoin core price