The U.S. Federal Reserve made its first interest rate cut in four years, lowering the benchmark federal funds rate by 50 basis points to a new range of 4.75% to 5.00%. On Wednesday, the U.S. Federal Reserve made its first interest rate cut in four years, lowering the benchmark federal funds rate by 50 basis…
Bitcoin dropped 2% to $65,122, following the Fed’s latest monetary policy meeting, rate cuts are still expected eventually, but uncertainty is growing. Bitcoin dropped 2% to $65,122, ahead of the monthly close following the Fed’s latest monetary policy meeting. The U.S. Federal Reserve opted to maintain its benchmark fed funds rate at the range of…
On Friday, cryptocurrencies surged, with Bitcoin (BTC) surging through the $60,000 threshold, bolstered by substantial gains across traditional markets. Source: BNC Bitcoin Liquid Index This price movement coincided with a rise in U.S. stocks, as the S&P 500 came within less than 1% of its July record high shortly before the market closed. Gold continued…
Bitcoin (BTC) smashed through the $107,000 mark to hit a new all time high earlier today. The euphoric climb was short-lived, however, as investors braced for a hawkish rate cut from the U.S. Federal Reserve, potentially dampening market enthusiasm for risk-on assets like crypto. The Fed is widely expected to lower its benchmark interest rate…
Bitcoin fell sharply below $98,000 on Thursday as the U.S. Federal Reserve’s surprisingly hawkish policy outlook weighed on the broader cryptocurrency market. The world’s largest digital asset, which had approached record territory earlier this month, was trading at just above $97,000 in afternoon trading, reflecting lingering investor caution following a rate decision that signaled fewer…
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…
Bitcoin dropped back below $58k with uncertainty spreading as the Fed finally gets ready to cut rates. On Monday, Bitcoin (BTC) dropped below the $58,000 threshold, as market jitters hit before the Fed’s September meeting. Source: BNC Bitcoin Liquid Index On the weekend, Bitcoin had moved up to $60,000 coinciding with a rise in U.S.…
Federal Reserve Chair Jerome Powell took aim at Bitcoin on Monday, dismissing it as an unsuitable currency while likening it to "virtual gold," which is being seen as an endorsement of Bitcoin. Speaking at the New York Times DealBook Summit, Powell criticized Bitcoin’s volatility and its limited use in everyday transactions. “People aren’t using it…
The Federal Reserve finally blinked. On Wednesday, as almost everyone on Wall Street had already predicted, the U.S. central bank trimmed the federal funds rate by 0.25%, lowering its target range to 4.00%–4.25%. The move came against a backdrop of souring economic data, nervous investors, and relentless political pressure from Donald Trump, who has made…
Michael Barr’s decision to step down as the Federal Reserve’s Vice Chair for Supervision has sent ripples through the U.S. financial and cryptocurrency sectors. Barr’s resignation is fueling speculation about a more crypto-friendly stance under the incoming Trump administration. Barr, who has been described by digital asset advocates as an “anti-crypto regulator,” announced his resignation…