Bitcoin Returns to $95K as Christmas Rally Snuffed Out
Interest rates were a tailwind to prices for much of 2024, but now may have become a headwind. With much of the globe celebrating Christmas,…
Tag: Fed
Key Indicators Challenge Fed’s ‘Normalization’ Rate Cut That Torched Bitcoin Rally
The post-Fed risk-on rally supports the normalization narrative, but some indicators disagree, suggesting caution to bulls. Since the U.S. Federal Reserve (Fed) cut rates by 50 basis…
Bullish Bitcoin Drivers Remain in Play Despite Germany’s Sales, Mt. Gox Reimbursements
Macro factors and persistent “risk-on” in traditional markets suggest a promising outlook after BTC-specific supply overhangs run dry. It may seem like turbulent times in…
Bitcoin Recedes to $27K as Fed’s Mester Favors Unabated Tightening
“I don’t really see a compelling reason to pause rate hikes,” Fed’s Mester said, validating the recent hawkish repricing of interest rate expectations in the…
Bitcoin on Longest Weekly Winning Run in 9 Months Ahead of Jackson Hole Symposium
The dollar may depreciate after Friday’s event, triggering renewed inflows into bitcoin and equities. Bitcoin has chalked up an impressive rally ahead of the Federal Reserve’s…
Jerome Powell’s Coming Inflation Speech May Weigh On Dollar and Boost Bitcoin: Analysts
U.S. Federal Reserve Chair Jerome Powell is expected to bolster expectations of inflation during his keynote speech at the Jackson Hole Economic Policy Symposium on…
2018 Was a Rough Year for Both Crypto and Equities Markets
Although the traditional equities markets and the crypto markets don’t have a ton in common, they both had a rough 2018, and investors in both…
Bitcoin Could Emerge As A ‘Threat’ To US Dollar In Future, Suggests St. Louis Fed Chief
A top US policy maker made mostly positive remarks about Bitcoin, also not ruling it out as a potential “threat” to the US dollar, in an interview with CNBC Monday,…
Philly Fed Chief: Bitcoin Has Little Chance of Thwarting Monetary Policy
Bitcoin and other cryptocurrencies are unlikely to weaken the Fed Reserve’s influence on the U.S. economy. That’s according to the president of the Federal Reserve…