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Bitcoin in Stasis Below $27K Ahead of Powell Speech
19.5.2023
At 15:00 GMT, Powell will speak at the "Perspectives on Monetary Policy" panel before the Thomas Laubach Research Conference hosted by the Federal Reserve
Bitcoin, Ethereum Technical Analysis: BTC Remains Below $27,000, Ahead of Powell Speech
19.5.2023
Bitcoin once again fell below the $27,000 level on Friday, ahead of a panel discussion which includes Fed Chair Jerome Powell. Powell will be holding a discussion with former Chair Ben Bernanke at a conference in Washington. Ethereum was marginally lower today. Bitcoin Bitcoin (BTC) dropped below...
Biden Appoints New Fed Vice Chair as Fedwatch Tool Shows Slim Chance of Rate Hike at June Meeting
14.5.2023
Investors believe it is highly likely that the target rate will remain unchanged at the June 14 Federal Open Market Committee (FOMC) meeting, following the U.S. Federal Reserve’s decision to increase the federal funds rate by 25 basis points on May 3. As the battle against inflation in...
Bitcoin Provides Insurance Against Fiat Currency Failure, Says Validus Power Corp.’s Greg Foss
7.5.2023
On May 4, in a recent Youtube video, Validus Power Corp.’s executive director, Greg Foss, discussed the potential for the banking industry’s failures to wipe out $10 trillion in equity. Foss expressed his support for “hard assets” such as real estate, gold, and bitcoin....
Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’
6.5.2023
Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its debt obligations. “No one should assume that the Fed can protect the economy from the potential short and long-term effects of a failure to pay our bills...
The Need for Clarity in Washington – Not Just on Crypto
5.5.2023
The recent ambiguous messaging from the Federal Open Market Committee's meeting, which left markets struggling to interpret signals from the FOMC statement and Chair Jerome Powell's comments, is typical of the abstruse signals that can be found in central bank policy-setting. But new tools, such...
Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet
4.5.2023
Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the initially committed $1 million, with two-thirds of...
US regional bank shares sink despite Fed calling banking system 'sound'
4.5.2023
PacWest Bancorp was the hardest hit bank after-hours on Wednesday, falling over 50% following a reported plan to explore strategic options
Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’
3.5.2023
The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank would raise the federal funds rate by 25 basis points (bps), as was widely expected by the market. This marks the tenth consecutive occasion in which the Fed...
Fed Preview: Crypto Observers Believe Bitcoin Rally May Stall if Powell Does not Signal End of Tightening
3.5.2023
We expect that Chair Powell may shy away from being definitive when it comes to a pause which may disappoint the market, one crypto trader said
Morgan Stanley Strategist Warns of Equities Sell-Off in Response to ‘Hawkish’ Fed Message
2.5.2023
On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks...
A Million-Dollar Bitcoin Bet, Financial Crisis Warnings Abound, and Ordinal Inscriptions Surpass 500,000 — Week in Review
26.3.2023
Venture capitalist Balaji Srinivasan says hyperinflation is happening now, and is making million-dollar bets that the price of bitcoin will reach $1M in 90 days. In related news, myriad voices from the world of finance are sounding off about inflation, recession, and a brewing economic crisis....
'How did this happen' — Powell says Fed stumped over the collapse of SVB
23.3.2023
In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.”
Bitcoin Sinks Below $27K as Federal Reserve, Powell Keep Focus on Inflation
22.3.2023
The U.S. central bank confirmed expectations of raising the rate by 25 basis points
White House Says Biden Has ‘Confidence’ in Fed Chair Powell While Fedwatch Tool Predicts a 25bps Hike This Week
21.3.2023
With the Federal Open Market Committee convening on Wednesday and the recent financial troubles facing the U.S. banking system, White House press secretary Karine Jean-Pierre said President Joe Biden has “confidence” in Federal Reserve chair Jerome Powell. Meanwhile, according to...
Fed Preview: Powell Likely to Raise Rates by 25 bps Against Crypto Market's Hope for Status Quo
21.3.2023
The Fed will publish its rate decision and quarterly economic projections on Wednesday at 18:00 UTC. A half hour later, Powell will speak at the post-meeting conference, offering more cues about the path forward
US Senator Calls for Investigation Into Bank Failures — Says Fed Chair Powell ‘Bears Direct Responsibility’
20.3.2023
U.S. Senator Elizabeth Warren has called for a “thorough, independent investigation of the causes” that led to the failure of Silicon Valley Bank (SVB) and Signature Bank. She alleges that Federal Reserve Chairman Jerome Powell “bears direct responsibility” for regulatory...
Bitcoin Is a Clear Winner of the U.S. Banking Crisis
17.3.2023
The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk's George Kaloudis
Federal Reserve confirms July launch for FedNow instant payment service
16.3.2023
The Fed Now service aims to reduce the gap in payment time between US financial institutions
Billionaire ‘Bond King’ Jeffrey Gundlach Expects Fed to Raise Rates Next Week — ‘That Would Be the Last Increase’
15.3.2023
Billionaire Jeffrey Gundlach, aka the “Bond King,” expects the Federal Reserve to raise interest rates at its March meeting next week, which “would be the last increase,” he said. In addition, Gundlach cautioned: “The inflationary policy is back in play with...