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…
Tag: Federal Reserve
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…
Bitcoin Bounces Back to $55K as Yellen Backtracks on Rate Hike Comments
“Rate hikes are not something I’m predicting or recommending,” Yellen later said. Bitcoin has regained poise on Wednesday after U.S. Treasury Secretary Janet Yellen toned…
Crypto Long & Short: Bitcoin’s Potential as a Collateral Class
Signs point to a new avenue of growth for crypto-backed lending. Today I’m going to weave together three seemingly unrelated stories from the past week…
Fed’s Powell Says Market, as Exemplified by Dogecoin, Is ‘a Bit Frothy’
“You are seeing things in the capital markets that are a bit frothy, that’s a fact,” said Powell. “I won’t say it has nothing to…
Bitcoin Drops 3% Ahead of Fed Meeting, Despite Bullish Chart Pattern
Bitcoin is falling, as caution ahead of the FOMC rate decision overshadows bullish chart pattern. Bitcoin is nursing losses ahead of a crucial Federal Reserve policy…
Fed Chairman Powell: We Will Engage the Public on the Digital Dollar This Year
“This is going to be an important year,” Powell said of the digital dollar project. Nearly every time an elected official has asked U.S. Federal…