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Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025
22.3.2023
Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector...
Bitcoin, Ethereum Technical Analysis: BTC Nears Fresh 9-Month High as Fed Meeting Looms
22.3.2023
Bitcoin moved closer to a fresh nine-month high on Wednesday, as markets prepared for today’s Federal Reserve interest rate decision. The Fed is expected to hike rates by 0.25%, despite inflation falling last month to 6%. Ethereum briefly rose above $1,800 in today’s session. Bitcoin...
Bitcoin $30K bets greet FOMC as analyst warns over long liquidations
22.3.2023
Bitcoin may celebrate no matter what the Fed decides on interest rates, but the extent of longs that would be liquidated below $20,000 has one analyst worried
Central Bank of Venezuela Lags in Delivering Economic Data, Experts Fear Upcoming Hyperinflation
22.3.2023
The Central Bank of Venezuela is lagging when it comes to delivering economic data this year, failing to publish the inflation numbers for the last four months. Venezuelan economists believe this delay might mean that the country is starting to enter a new hyperinflation period, with the government...
Bitcoin and the Liquidity Question: More Complex Than It Seems
21.3.2023
Does Bitcoin’s Rally Vindicate the ‘Inflation Hedge’ Thesis – or Is Risk Back on the Menu?
21.3.2023
White House Says Biden Has ‘Confidence’ in Fed Chair Powell While Fedwatch Tool Predicts a 25bps Hike This Week
21.3.2023
With the Federal Open Market Committee convening on Wednesday and the recent financial troubles facing the U.S. banking system, White House press secretary Karine Jean-Pierre said President Joe Biden has “confidence” in Federal Reserve chair Jerome Powell. Meanwhile, according to...
Holding Bitcoin: A profitable affair 88.5% of the days
21.3.2023
The historical price performance of Bitcoin confirms the notion that a hard limit on total supply combined with seamless global usability is key to becoming a store of value
Will the Fed stop rate hikes? 5 things to know in Bitcoin this week
20.3.2023
Bitcoin targets $30,000 as a new week of macro surprises gets going — what might happen next?
Economist Peter Schiff Expects Worse Financial Crisis Than 2008 — Says ‘Future Rate Hikes Are Now Pointless’
19.3.2023
Economist Peter Schiff has warned that the current financial crisis will be worse than in 2008. “Future rate hikes are now pointless,” he stressed, adding that any effect will be more than offset by the Fed’s quantitative easing. Peter Schiff’s Financial Crisis Warning...
Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains
18.3.2023
At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time...
Indian Central Bank Chief: US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System
18.3.2023
The governor of India’s central bank, the Reserve Bank of India (RBI), says the “ongoing U.S. banking crisis” clearly demonstrates the risks cryptocurrency poses to the financial system. The central bank chief added that the “Indian economy remains resilient,” emphasizing that the “worst...
Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps
17.3.2023
The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc. Christine Lagarde, president of the institution, stated that the banking sector in Europe was resilient and that...
Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Governance Model
17.3.2023
The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum...
Argentina Registers 6.6% CPI in February; Inflation Numbers Blast Past 100% YoY for First Time Since the 90s
17.3.2023
The National Institute of Statistics and Census of Argentina released February’s numbers for the consumer price index (CPI), registering an increase of 6.6%, a consequence of the rises in prices of food and beverages principally. The number is among the highest in the history of Argentina...
European Commissioner Says Impact of SVB Collapse ‘Limited’ as Credit Suisse Drags Down Banking Stocks
17.3.2023
Silicon Valley Bank’s (SVB) collapse has had a “limited impact” on the European Union but authorities must still “stay alert” to events as they unfold, European Commissioner Mairead McGuinness has said. Despite McGuinness’ reassuring remarks, stocks of Europe’s largest...
Bitcoin, Ethereum Technical Analysis: BTC Hits 9-Month High, as ETH Moves Above $1,700
15.3.2023
Bitcoin briefly surged to a nine-month high late on Tuesday, as prices moved above the $26,000 mark. Although prices have since declined, overall sentiment remains bullish following the latest U.S. inflation report. Consumer prices fell to 6% last month, with ethereum climbing above $1,700 as...
First Mover Asia: Bitcoin Holds Near $25K as Investors Remain Upbeat About Inflation Data, Fed Rate Hikes
15.3.2023
ALSO: Two prominent crypto executives say the industry must learn from the failings of Signature, Silicon Valley and Silvergate banks if it hopes to develop productive banking relationships. Ether and other cryptos also rise
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks
14.3.2023
After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of...
Bitcoin Price Prediction as US Inflation Data is Released – Where is BTC Heading Now?
14.3.2023
As US inflation data is released, Bitcoin investors and traders eagerly await its impact on the cryptocurrency's price. Since last Friday, Bitcoin has been on a remarkable run, rebounding nearly 30% from its recent lows and setting a new 2023 record above $26,000. The cryptocurrency surge comes...