Some see coins as blue chip investments, others as a means to fund mining operations
The raise comes as US regulators seek to clamp down on the use of crypto to evade taxes
Decision to leave interest rates in place until March causes falling crypto prices to level off
BitFuFu founded by Bitmain and seeks to become the fastest mining operation on the globe
Rising interest rates and inflation fears are often good news for crypto, but haven’t been recently
Analysts still say the asset should be seen as a gimmick and a novelty, not a driver of sales
Federal Reserve chair Jerome Powell said on Tuesday that stablecoins can exist within the central bank’s framework
Planned Federal Reserve anti-inflation actions have helped crater crypto values, analysts say