Bitcoin’s rally faces key hurdle with Wednesday’s Fed meeting
Hot PPI inflation data in the morning and hawkish remarks by Powell in the afternoon would be the most damaging combination for risk assets, including crypto, Bitfinex analysts said.
Federal Reserve
Court closes Custodia fight with Federal Reserve just as Fed opens master-account door
Just days after the Federal Reserve granted a limited master account to Kraken, crypto bank Custodia’s years-long court battle with the Fed concludes in a loss.
March Fed rate cut odds collapse to near zero as recession fears fade
The odds that the Federal Reserve will cut its benchmark interest rate on March 18 have dropped to near zero … Continue reading
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Kraken’s surprise Fed win may harken onslaught of crypto firms with narrow Fed access
The Kansas City Fed may term this “Tier 3” access, but Kraken’s entry into the vaunted Fed payments system has riled bankers and raised crypto hopes.
U.S. Posts $345B August Deficit, Net Interest at 3rd Largest Outlay, Gold and BTC Rise
US spending surged to $689B in August as gold hit fresh highs near $3,670 and bitcoin crossed $115K.
Fed rate cut to trigger ‘sell the news’ in stocks, banking giant warns
Wall Street banking titan JPMorgan is cautioning investors that the Federal Reserve’s anticipated interest rate cut on September 17 could … Continue reading
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Crypto Charts Look ‘So Broken and Bearish They’re Bullish’ Ahead of Fed Meeting, Says Analyst
Alex Krüger says recent liquidations and scary charts could set up a bullish rebound, though conviction trends may wait until after the Fed’s Sept. 17 decision.
U.S. Fed Officially Scraps Specialist Group Meant to Oversee Crypto Issues
The Federal Reserve has shuttered the Novel Activities Supervision Program it built in 2023 that was — in part — meant to focus on banks’ crypto activity.
Fed Leaves Rates Steady, Expects Weaker Growth, Sticky Inflation
Bitcoin price was little changed and traded just above $104,000 as policymakers expect stickier inflation and slower growth.
Trio of Soft Economic Reports Boost Fed Rate Cut Odds, but What About Bitcoin?
The big rally in bitcoin and stocks over the past eight weeks has occurred with a (somewhat) hawkish Fed; a dovish turn could provide fuel for new legs higher.