The Federal Reserve trimmed interest rates by 25 basis points, putting the new target range at 4.5% to 4.75%. Predictably, this move set financial markets ablaze—stocks rallied, gold did its usual slow shuffle upwards, and Bitcoin… oh boy, Bitcoin. Like a caffeinated toddler on a sugar high, Bitcoin shot past $75,000, smashing records and proving…
Federal Reserve Chair Jerome Powell was cautious in a speech late Thursday signalling that a December rate cut is not set in stone It’s barely a ripple in the charts compared to the bullish surge that followed Donald Trump’s election win, but crypto markets took a modest hit late Thursday after a speech from Federal…
In a recent note that has caught the attention of both traditional financial markets and the Bitcoin community, Goldman Sachs economists, including the renowned Jan Hatzius and David Mericle, have made a significant prediction regarding the Federal Reserve’s monetary policy. The note suggests that the Federal Reserve may commence a series of interest rate cuts…
Bitcoin climbed past $114,000 this week, pushing markets higher after a surprisingly weak reading on producer prices. According to reports, the move followed a pullback in US PPI that many traders read as a sign the Federal Reserve may be able to start cutting rates. Related Reading The jump was quick and loud on price…