Bitcoin (<a href="https://www.coindesk.com/price/bitcoin/">BTC</a>) briefly jumped about 1% after minutes from the Federal Reserve’s November meeting showed that the majority of central bankers prefer a slower pace of rate hikes going forward.

Bitcoin held its $16,000 ground as traders anticipated the expected release at 2 p.m. ET (19:00 UTC) of minutes from the <a href="https://www.coindesk.com/markets/2022/11/02/federal-reserve-raises-interest-rates-by-75-basis-points-bitcoin/" target="_blank">Federal Reserve's last monetary-policy meeting</a>.

A crypto wallet attributed to the BTC-e exchange that's been <a href="https://www.coindesk.com/markets/2019/10/01/mt-gox-trustee-asked-doj-to-share-info-on-jailed-btc-e-owner-alexander-vinnik/">linked to the 2014 Mt. Gox hack </a>burst into life Wednesday with its largest transaction since August 2017, <a href="https://www.blockchain.com/btc/tx/c956359775facd455bdc6be7d2eb3ec18dd48ac2aaf838de206de64805d3dbb4">sending a total of 10,000 bitcoin ($165 million) </a>to two unidentified recipients.

Terra Classic (LUNC) came out as the winner in the just-concluded Community Showdown contest hosted on Twitter by Binance, the world’s largest digital assets exchange. This goes further to show that support for LUNC remains high, despite the predicament the project experienced in early 2022.

Applications for unemployment benefits in the United States reached a three-month high last week, which is a sign that the labor market is beginning to loosen its grip after a wave of layoffs at technology businesses. According to figures released by the Labor Department on Wednesday, the U.S. jobless claims rose by 17,000 to a total of 240,000. According to the results of a study conducted by Bloomberg with economists, the median estimate was 225,000.

Market jitters from the FTX collapse have triggered record quantities of Bitcoin leaving global exchanges.

Amid the crypto market downturn, El Salvador finally makes a decisive step to the realization of its ambitious “Bitcoin bonds” project. The Minister of the Economy Maria Luisa Hayem Brevé introduced&nbsp; a bill confirming the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.”

In the first two decades of the 21st Century, the world’s central banks pumped outrageous amounts of money into the financial markets.

Arthur Hayes, the co-founder of the BitMEX exchange, tweeted a screenshot of a Bloomberg article regarding the Genesis Bankruptcy. According to the tweet, Bitcoin might fall to $10,000 if Genesis declares bankruptcy.

Fidelity should reconsider allowing retail clients exposure to bitcoin in their retirement accounts in light of the FTX collapse, said three Democratic Senators in a letter on Monday.