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Fed Starts New Program to Oversee Crypto Activity in U.S. Banks
8.8.2023
The U.S. Federal Reserve is starting a new program for overseeing banks’ crypto activity, and it further clarified its requirement that the lenders under its authority get approval before engaging in digital assets activities
Federal Reserve Governor Hints at More Interest Rate Hikes
8.8.2023
Federal Reserve Governor Michelle Bowman says additional interest rate increases will likely be needed to get inflation on a path down to the Fed’s target. “I will also be watching for signs of slowing in consumer spending and signs that labor market conditions are loosening,” the...
Fed's Rate Hike Cycle Has Peaked, Investment Banks Say
7.8.2023
The end of the tightening cycle does not necessarily imply a quick pivot toward zero interest rate policy, meaning animal spirits may not return to the crypto market anytime soon
Bitcoin Holds Above $29,000 Following Mixed US Jobs Report – Where Next for the BTC Price?
4.8.2023
The bitcoin (BTC) price is holding within recent ranges to the north of the $29,000 level in wake of the latest mixed US jobs report for July.
The report revealed that the US economy added 187,000 jobs in July, below the expected gain of 200,000.
Moreover, June’s job gain of 209,000 was revised...
Shark Tank Star Kevin O’Leary Warns More US Banks Will Fail
1.8.2023
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that more banks in the U.S. will fail as the Federal Reserve continues to hike interest rates. He stressed: “It will break down in the regional banks, which support 60% of the economy … We’ve started to see...
QI Research’s DiMartino Booth Foresees ‘Full Damage’ Yet to Unfold in US Banking Sector
31.7.2023
Danielle DiMartino Booth, holding the dual roles of CEO and chief strategist at QI Research, foresees that the 22-year peak in interest rates set by the Fed is merely a precursor to what’s to come. She anticipates further upheaval within the banking industry. The strategist articulated...
Is a Big Bitcoin Bounce Coming? BTC Price Approaches Key Long-term Support Zone
29.7.2023
A major near-term bounce in the bitcoin (BTC) price could be right around the corner.
That’s because bitcoin is nearing a test of a key support zone that could well form the floor for another solid rally.
Bitcoin has been ebbing low in an uncharacteristically subdued July....
Read More: Is a...
Ex-Fed Policy Analyst's Paper: Stablecoins Present Lower Risk Than Traditional Bank Deposits
28.7.2023
Dollar-pegged stablecoins may actually be less risky to hold than traditional bank deposits, according to Brendan Malone – a former Federal Reserve Board analyst.
Now writing on behalf of technology research and investment firm, Paradigm, Malone argued on Wednesday that stablecoins are inherently...
Economist Peter Schiff Advises ‘Get out of the Dollar’ — Says the USD Is Being Destroyed
28.7.2023
Economist Peter Schiff has warned that the Federal Reserve is wrong about its recession outlook, advising everyone to get out of the U.S. dollar. He stressed that the U.S. currency is being destroyed, emphasizing that it is losing purchasing power. “Rather than fighting inflation, the Fed fueled...
Bitcoin Dips as DXY, US Yields Rise on Strong US Economic Data – Here’s Where BTC is Headed Next
27.7.2023
Bitcoin (BTC) has come under modest sell pressure on Thursday amid a rise in US bond yields and the US Dollar Index (DXY) as a result of stronger-than-expected US economic data.
The BTC price was last around $29,100, down nearly 1% on the day, with the bears eyeing a retest of this week’s...
Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst
27.7.2023
Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm
Bitcoin, Ethereum Technical Analysis: BTC Closes in on $30,000 as Markets React to Latest Fed Decision
27.7.2023
Bitcoin edged closer to the $30,000 level on Thursday, as markets reacted to the Federal Reserve’s decision to hike interest rates. The Fed increased rates by 25 basis points, and have hinted that they could make an additional move in September. Ethereum neared the $1,900 level today....
First Mover Asia: Bitcoin Post-Fed Rate Hike Fizzles. Will BTC's Recent Low Volatility Last Much Longer?
27.7.2023
zkSync Era launched only in March but has more daily active addresses than Arbitrum and Optimism, the two largest scaling solutions by total value locked, underscoring the rising interest in its potential airdrop
Bitcoin Surpasses $29.6K After Fed's Rate Hike; CoinDesk Market Index Jumps 1.2%
27.7.2023
A few more Fed rate hikes are likely, but "the hardest work is done," one expert said
Fed Raises Interest Rates by 25 Bps, Maintains Optionality on Further Hikes – Here is How Crypto Reacted
26.7.2023
As broadly expected by market participants, the US Federal Reserve just lifted interest rates by 25 bps, taking them to their highest level in 22 years at 5.25-5.5%.
In his post-policy announcement press conference, Fed Chair Jerome Powell signaled that the Fed is maintaining the optionality...
Federal Reserve Raises Federal Funds Rate by 25bps Amidst Moderate Economic Growth
26.7.2023
In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep a handle on inflation. Fed Raises Benchmark Bank...
Bitcoin traders eye Fed's Powell as FOMC hikes rates to 22-year highs
26.7.2023
BTC price is yet to see real volatility kick in as the Fed hikes rates with Chair Powell yet to speak
Federal Reserve Hikes Fed Funds Rate by 25 Basis Points
26.7.2023
The move was fully anticipated by market participants who will now look to Chairman Jerome Powell’s imminent post-meeting press conference for clues about whether the central bank intends to continue tightening monetary policy
Bitcoin, Ethereum Technical Analysis: BTC Consolidates, as Markets Prepare for 25-Basis-Point Fed Rate Hike
26.7.2023
Bitcoin consolidated marginally above the $29,000 level on Wednesday, ahead of today’s Federal Open Market Committee (FOMC) meeting. It is widely expected that the Fed will increase rates by 25 basis points, after holding off on hiking last month. Ethereum also remained mostly unchanged....
Bitcoin Price Prediction: Stuck Below $30,000 Ahead of Potential Fed Rate Hike
26.7.2023
As of Wednesday, Bitcoin price is trading at $29,250, showing a modest increase of nearly 0.50%.
However, the cryptocurrency remains stuck below the critical $30,000 level, with investors closely monitoring the upcoming Federal Reserve (Fed) rate decision.
The anticipation of a potential rate...