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 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…
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…
President Donald Trump’s decision to nominate former Federal Reserve governor Kevin Warsh as the next Chair of the U.S. Fed is more than a routine decision of leadership — it signals a potential shift in how the world’s most powerful central bank thinks about inflation, markets, and money itself. With Jerome Powell’s term set to…
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…
When Facebook (later Meta) announced its ambitious Libra project in 2019, it was pitched as a groundbreaking effort to revolutionize the global financial system. Spearheaded by David Marcus, a former PayPal executive, the project aimed to create a blockchain-based digital currency that would facilitate real-time, low-cost international transactions. However, the project ultimately failed to launch,…
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 (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…
The benchmark federal funds rate stayed in a target range of 3.5% to 3.75%, a third consecutive hold, with the committee citing “developments in the Middle East” as a key source of economic uncertainty. The vote itself was the more interesting tell — an 8-4 split, with Governor Stephen Miran pushing for an immediate cut…
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…