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…
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…
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 U.S. Federal Reserve is set to cut interest rates on Wednesday, a move that would normally send crypto bulls charging. But this time, the central bank isn’t just tweaking monetary policy — it’s being dragged into a political knife fight that could reshape its independence, with serious consequences for digital assets. For years, the…
Bitcoin rallied on Friday, following gold and tech stocks as the Fed finally gets ready to cut rates. On Friday, cryptocurrencies surged, with Bitcoin (BTC) nearing 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…
In a widely anticipated move, the U.S. Federal Reserve opted to keep its benchmark fed funds rate range unchanged at 5.25% to 5.5% during the Federal Open Market Committee (FOMC) meeting on Wednesday. However, in a simultaneous adjustment, the central bank revised its rate outlook for the year-end of 2024, lowering it from 5.1% to…
Bitcoin steady as the U.S. Federal Reserve opts to keep its benchmark fed funds rate range unchanged at 5.25% to 5.5% and ETFs continued to witness strong volume After two weeks of a slow downtrend following the approval of the Bitcoin Spot ETFs, Bitcoin staged a mini-recovery earlier this week reaching $43,707 on Wednesday –…
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.…
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…