Search
Bitcoin, Ethereum Technical Analysis: BTC Closes in on $30,000 as Markets React to Latest Fed Decision
27.7.2023
Bitcoin edged closer to the $30,000 level on Thursday, as markets reacted to the Federal Reserve’s decision to hike interest rates. The Fed increased rates by 25 basis points, and have hinted that they could make an additional move in September. Ethereum neared the $1,900 level today....
Fed Raises Interest Rates by 25 Bps, Maintains Optionality on Further Hikes – Here is How Crypto Reacted
26.7.2023
As broadly expected by market participants, the US Federal Reserve just lifted interest rates by 25 bps, taking them to their highest level in 22 years at 5.25-5.5%.
In his post-policy announcement press conference, Fed Chair Jerome Powell signaled that the Fed is maintaining the optionality...
Federal Reserve Raises Federal Funds Rate by 25bps Amidst Moderate Economic Growth
26.7.2023
In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep a handle on inflation. Fed Raises Benchmark Bank...
Federal Reserve Hikes Fed Funds Rate by 25 Basis Points
26.7.2023
The move was fully anticipated by market participants who will now look to Chairman Jerome Powell’s imminent post-meeting press conference for clues about whether the central bank intends to continue tightening monetary policy
Fed Preview: Crypto Observers See Powell Keeping Door Open for Rate Hikes Beyond July
25.7.2023
A 25 basis point rate hike on Wednesday is a foregone conclusion. The question is whether the Fed will continue to raise rates in subsequent months
Biggest mining difficulty drop of 2023? 5 things to know in Bitcoin this week
24.7.2023
Bitcoin begins to fulfil traders' downside targets as BTC price action retraces its steps in a crucial macro week
BTC traders brace for $30K loss — 5 things to know in Bitcoin this week
17.7.2023
BTC price performance is getting market participants worried in the short term, but the signs of wider Bitcoin accumulation are there
JPMorgan CEO Jamie Dimon Calls 2023’s Banking Fiasco a ‘Mini Crisis’, Foresees Consumer Savings Depleted by Year’s End
15.7.2023
Four days ago, JPMorgan Chase CEO Jamie Dimon was interviewed by The Economist and he discussed the recent U.S. banking disaster that occurred last March. At that time, the public witnessed the second, third, and fourth largest bank failures in U.S. history. Dimon asserted that “for the most part,”...
Experts Warn of Impending Recession in the US as Survey Reveals 59% Chance by July 2024
14.7.2023
A recently published survey by Bankrate reveals that there is a 3-in-5 likelihood of a recession occurring in the United States within the next year. Bankrate’s survey of economists firmly indicates that the chances of a recession taking place in the U.S. are greater than the chances of...
Bitcoin's Optimism Fades as Turmoil and Interest Rates Present Challenges
10.7.2023
Bitcoin (BTC) fell lower over the course of last week, as optimism faded among market participants in the face of potentially higher interest rates in the US.
The price of the number one cryptocurrency have largely been in an uptrend since news broke that the world’s largest asset manager...
2 Rate Hikes or Hold? Fed Predictions Vary From No Rate Hikes to 6% in 2023
3.7.2023
Based on projections from the U.S. Federal Reserve, it is anticipated that the central bank will implement two additional increases to the federal funds rate within the span of 2023. As indicated by Fed policymakers, they estimate the benchmark bank rate to fall within the range of 5.5% to 5.75%...
Miners send millions to exchanges — 5 things to know in Bitcoin this week
3.7.2023
Bitcoin miners appear to be reducing risk as the significance of BTC price above $30,000 remains firmly in evidence
Veteran Trader Peter Brandt Urges Federal Reserve to Raise Interest Rates Another 100 Basis Points
1.7.2023
Veteran trader Peter Brandt has urged the U.S. Federal Reserve to stay hawkish and increase interest rates another 100 basis points to protect the nation’s wealth. He stressed that there is nothing more destructive to wealth than inflation, emphasizing that the Fed “must keep their feet...
Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation, Considers Back-to-Back Rate Hikes
1.7.2023
Federal Reserve Chair Jerome Powell has reaffirmed the Fed’s hawkish stance. Noting that the latest economic data indicates that the Fed’s policy “may not be restrictive enough” and “has not been restrictive for long enough,” Powell stated that the central bank could...
How could the Chinese economic crisis impact Bitcoin and crypto?
26.6.2023
Cointelegraph analyst and writer Marcel Pechman explains how China’s economic weakness and Turkey’s interest rate hikes could impact the cryptocurrency market
The importance of ‘ghost rate’ in gauging meaningful adoption
26.6.2023
Ghost Rate is not just a metric; it's imperative for brands seeking to tap into the transformative potential of blockchain technology
Turkish Lira Plunges to Record Low a Day After Central Bank’s Interest Rate Policy U-Turn
25.6.2023
The Turkish lira fell to 25.74 per dollar just under a day after the central bank hiked interest rates for the first time since 2021. Although the rate hike decision was widely anticipated, the increase still fell short of the 21% that some analysts had predicted. Turkish Lira Down 21% Since...
Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency
25.6.2023
The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level since 2008 and represents the most substantial surge...
Anticipation Builds as US Central Bank Eyes Two More Rate Hikes, Targeting 5.6% by Year-End
20.6.2023
After the U.S. central bank refrained from boosting interest rates last week, investors now anticipate two more hikes that may elevate the federal funds rate to 5.6% by the year’s end, climbing 50 basis points (bps) from its present level. CME’s Fedwatch tool indicated on Tuesday that...
Why is Cardano price down today?
19.6.2023
Cardano price is down today, continuing its decline for a fourth week in a row amid rate hike fears, SEC crackdown and a recovering U.S. dollar