Bitcoin prices fall to lowest in months after US Fed remarks
Bitcoin dropped in value from $47,000 to less than $42,000 per digital coin this week. This drop occurred after minutes from a meeting of the Federal Reserve suggested it may raise interest rates. The political events in Kazakhstan have also raised concern about the network’s abilities.
Because bitcoin is decentralized and global in nature, a rise or fall in price is difficult to attribute to a single cause, however, the release of the Federal Reserve’s December meeting notes has been pointed to as a factor. The meeting notes suggest that interest rates may be raised sooner than expected and that America’s central bank may sell off some of its assets. This could have caused investors to pursue less risky assets. The political events in Kazakhstan could also have an effect on the prices as a large amount of the world’s bitcoin mining occurs in Kazakhstan.
OODA network members can also access these additional resources on Web3 including insights into how to reduce risk and inform business strategies. Research and reporting of interest includes:
The Cryptocurrency Incident Database OODA analysts track every major cybersecurity incident and seek insights into root causes that can inform defenses.
What CEOs Need To Know About Bitcoin: Including potential new business models to consider A Cambrian Explosion in innovation in Bitcoin related products and services is underway. Here is what the business leader should know about this revolutionary transformation of the global financial sector.
Reducing Risk To Cryptocurrency Projects by Red Teaming We provide insights on prioritizing defenses of cryptocurrency projects based on our years of experience in red teaming.
Is Bitcoin a National Security Risk? How might Bitcoin be framed as a national security risk? As national security technologists, here is our take on where the government is likely concerned.
The Past Present and Future of DeFi Here we capture insights from two of our most popular OODAcasts on the cryptocurrency revolution, one with crypto pioneer Bradley Rotter and one with author of “The Infinite Machine” Camila Russo.
Bitcoin and Ethereum and the Metaverse Jahon Jamali is one of the great explainers of the nature of the crypto revolution and provides insights here into the nature of the coming changes.
What Will The Federal Government Do In Response To The Rise of Cryptocurrencies? All businesses and citizens should understand the importance of improving policy in this domain, but we also need to be cautious about over regulating or passing foolish rules that do more harm than good.
Disruptive and Exponential Technologies We track the rapidly changing world of technology with a focus on what leaders need to know to improve decision-making. Gain insights into the future of tech in a way that enables optimized action. We provide deep insights into Blockchains, Artificial Intelligence, Machine Learning, Cloud Computing, Quantum Computing, Security Technology, Space