The combined news of Federal Reserve Chair Jerome Powell’s speech that confirmed half point interest rate increases in upcoming meetings and a commitment to an aggressive stance towards inflation alongside the inflationary hits to major retail giants Walmart and Target have seen markets plunge once more, with crypto again alongside for the ride.
After a thorough beating in the digital currency market, blockchain and crypto industry-related exchange traded funds climbed Friday, leading the broad market gains.
MicroStrategy, a business intelligence company that offers embedded analytics platform, cloud-based services, and more, aims to be the first public company to offer bitcoin within its 401(k) programs.