If miners representing 90% of Bitcoin’s hashrate upgrade in this timeframe, then Taproot is “locked in” and it will activate three months after this lock-in.
After reviewing Coinbase’s earnings, Thornton discusses his bullishness on their upcoming direct listing, a gesture that he considers validating for the crypto space and will become the biggest deal of the year, and he shares his plans to buy in and how he’ll build the trade.
Bitcoin is expected to eventually break out from this resistance and gradually move towards a new all-time high.
In his latest annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon offered thoughts on how the US economy will boom after the pandemic thanks to excess savings, huge deficit spending, a new potential infrastructure bill, and the success of Covid-19 vaccinations.
Federal Reserve is expected to release the minutes from its most recent monetary policy meeting later on Wednesday, which will be parsed for any changes in its economic outlook and clues as to when it expects to tighten its accommodative stance.
The S&P 500 and the Dow reached record levels with the CBOE volatility index retreating to pre-pandemic lows, driven by fiscal stimulus packages and swift COVID-19 vaccinations in the United States that led to blowout employment as well as service sector reports for March.
In India, state-run refiners are looking to buy less crude from Saudi Arabia as demand in the Asian nation is poised to dip amid a resurgence of Covid-19, and relations between the two countries sour over prices.“With supply-side support dwindled, marginal price action in oil markets will now shift to demand dynamics, without as much of a safety blanket from the supply side,” TD Securities commodity strategists led by Bart Melek said in a note.