Bitcoin Rebounds to $65K as Investors Weigh Looming Fed Decision Risk
Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday’s FOMC meeting, one market observer said.
Federal Reserve
Is the Fed’s anti-inflation policy working?
Since early 2022, the Federal Reserve has taken a hawkish approach to the United States economy. Thus, it has implemented … Continue reading
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What Gold, Bitcoin, and S&P 500 new highs have in common
Gold, Bitcoin (BTC), and the S&P 500 peaked at new highs on March 8, quickly retracing to levels seen on … Continue reading
The post What Gold, Bitcoin, and S&P 500 new highs have in common appeared first on Finbold.
U.S. Fed Chair Powell Says ‘Nowhere Near’ Pursuing CBDC, Won’t Spy on Americans
Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data.
Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S. … Again
Another group of Republican lawmakers has introduced legislation to block efforts to introduce a digital dollar.
U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar’s Global Strength
Crypto critics often warn of digital currencies’ potential to destabilize the U.S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins’ dependence on the dollar could actually strengthen the U.S. fiat currency as decentralized finance (DeFi) catches on.
Fed Leaves Rates Unchanged, Sounds Hawkish Note on March
Bitcoin investors have mostly been focused on spot ETFs and the upcoming halving, but central bank monetary policy is also likely to play a sizable role in the 2024 price outlook.
Arthur Hayes Foresees 30% Bitcoin Crash Amid ‘Vicious Washout.’ Here’s Why
Depletion of the Fed’s reverse repo program and expiry of a crucial funding facility for troubled banks may trigger a market crash in March and force the Fed to cut interest rates, Maelstrom CIO Arthur Hayes said.
U.S. 216K Jobs Adds in December Tops Estimates for 170K
The closely watched report
TradFi Goes All-In on Fed Rate Cuts. What It Means for Bitcoin
The Fed yesterday signaled that far easier monetary policy is in store for 2024.