Bitcoin Tops $100K After U.S. Added Fewer Than Forecast Jobs in January
The unemployment rate fell to 4%, rather than holding steady at 4.1%. Bitcoin (BTC) snapped a three-day decline after January job growth in the U.S.…
Tag: Federal Reserve
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…
Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
The U.S. central bank has indicated it will begin cutting the fed funds rate at its mid-September meeting, but the size and speed of the…
Payrolls-Led Bitcoin, Ether Price Swoon Is ‘Buy the Dip’ Opportunity, Crypto Trading Firm Says
Markets will increasingly price in at least one Fed interest-rate cut for 2024, QCP Capital said. Bitcoin (BTC) and ether (ETH) have lost steam since Friday’s hotter-than-expected U.S. jobs…
U.S. September CPI Rises 0.4%, Outpacing Forecasts; Bitcoin Slips Further
The year-over-year pace of inflation was 3.7%, also faster than economist expectations The Consumer Price Index (CPI) for September rose 0.4% versus economist estimates of…
Bitcoin Climbs Above $22K as Powell Softens Tone on Day 2 of Congressional Testimony
The Fed chair said no decision has yet been made on the size of the coming March rate hike. U.S. Federal Reserve Chairman Jerome Powell…
Bitcoin Lags as Unwinding of ‘Fed Trade’ Lifts US Stocks Above 200-Day Average
Bitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to risk revival in traditional markets. Unless…
US Jobs Growth Slows Less Than Expected; Bitcoin Slips From $20K
The monthly employment situation report, released by the Labor Department, has become one of the most important economic indicators to watch as the Federal Reserve…
Bitcoin Jumps Most in 6 Months as Hopes for 2023 Rate Cut Persist
ING expects a rate cut in June 2023 followed by further easing in the second half of the year. Major cryptocurrencies bounced early Friday as…
Irrelevance of January Fed Minutes Shows How Fast Monetary Policy Is Moving
The Federal Reserve is scheduled to release minutes of its January meeting later Wednesday but the market seems to have already moved on. With minutes…