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US Senators Urge Federal Reserve to Cut Interest Rates — Warn Fed Policy Threatens Economy, Risks Recession
11.6.2024
Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are key inflation drivers. They warn that prolonged high rates risk a recession and increased unemployment, calling...
Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say
11.6.2024
Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said
Bitcoin dips as ETFs break 19-day green streak, rumble over US inflation
11.6.2024
Traders are seemingly going risk-off ahead of a U.S. CPI print and a Fed monetary policy meeting, with Bitcoin falling to a weekly low
Bitcoin eyes $89,200 as Fed Rate cuts decision looms
10.6.2024
As the Federal Reserve’s decision on potential rate cuts approaches, market analysts are closely watching its impact on Bitcoin (BTC) prices. The anticipation of a more accommodative monetary policy has fueled speculation that Bitcoin could soon reach a new local high of $89,200. The Federal...
Bitcoin Falls Back After Attempt at $72K, but Fed, U.S. Data and Global Rate Cuts May Bring New All-Time Highs
6.6.2024
Upcoming consumer price index and labor market data releases in the next few days could be key for what's next for bitcoin's price
Bitcoin futures premium hits 7-week high: is the rally sustainable?
3.6.2024
Bitcoin flirted with $70,200 on June 3, but traders fear excessive leverage might be a double-edged sword
Bitcoin Price Prediction as Bulls Defend $67,000 Level – Time to Buy?
29.5.2024
Bitcoin bulls are defending the $67,000 level despite hawkish Fed comments, raising questions about whether it's time to buy.
The post Bitcoin Price Prediction as Bulls Defend $67,000 Level – Time to Buy? appeared first on Cryptonews
Bitcoin Price Prediction with $80K on the Horizon – Will BTC Rally Soon?
24.5.2024
Bitcoin struggles at $67,824 amid strong US economic data, with investors eyeing Fed comments and upcoming reports for cues on a potential rally to $80K.
The post Bitcoin Price Prediction with $80K on the Horizon – Will BTC Rally Soon? appeared first on Cryptonews
Fed Survey Finds 7% of US Adults Using Crypto, Down from Previous Years
23.5.2024
The number of United States adults reporting cryptocurrency ownership or usage has seen a significant decline, according to the latest annual household survey conducted by the Federal Reserve.
The post Fed Survey Finds 7% of US Adults Using Crypto, Down from Previous Years appeared first...
18M Americans used or owned crypto last year: Fed survey estimates
23.5.2024
Just 1% of United States adults reported using crypto for payment or to send money in 2023
Goldman Sachs CEO Forecasts No Fed Rate Cuts This Year
22.5.2024
David Solomon, CEO of Goldman Sachs, expressed doubts about the Federal Reserve cutting interest rates this year due to the resilient economy, bolstered by government spending and investments in AI infrastructure. Despite these factors, Solomon highlighted the impact of rising prices on consumer...
American Bankers Association Urges House Leaders to Block Fed’s CBDC Plans
21.5.2024
The American Bankers Association (ABA) on Monday urged House leaders to back a bill that would stop the Federal Reserve from creating a CBDC for individuals and using it for monetary policy tools.
The post American Bankers Association Urges House Leaders to Block Fed’s CBDC Plans appeared...
Bitcoin price tops $68K but a few concerning headwinds remain
20.5.2024
Bitcoin price shows strength as investors expect the Fed to resume printing, but a handful of global macroeconomic headwinds are still in play
Best Crypto to Buy Now May 20 – Fantom, Injective, Sui
20.5.2024
As cryptocurrency markets push higher on Monday, with Bitcoin (BTC) surpassing $68,000 as traders look ahead of this week’s Fed meeting minutes release, Nvidia earnings and the SEC’s decision on spot Ethereum ETFs, investors are hunting for the best crypto to buy now that might hand them quick...
US Lawmaker Introduces Bill to Dismantle Fed’s Board of Governors and Abolish the Central Bank
17.5.2024
Following the policymaker’s survey, U.S. Representative Thomas Massie (R-Ky.) announced the introduction of H.R. 8421, known as the “Federal Reserve Board Abolition Act.” This legislation aims to dismantle the Board of Governors of the Federal Reserve and close its branches across...
US Lawmaker Introduces Bill to Dismantle Fed’s Board of Governors and Abolish the Central Bank
17.5.2024
Following the policymaker’s survey, U.S. Representative Thomas Massie (R-Ky.) announced the introduction of H.R. 8421, known as the “Federal Reserve Board Abolition Act.” This legislation aims to dismantle the Board of Governors of the Federal Reserve and close its branches across...
Tens of Thousands Show Overwhelming Support for Abolishing the Fed, US Policymaker’s Poll Reveals
16.5.2024
On May 15, Thomas Massie, a Republican member of the United States House of Representatives, posted on X, inquiring whether he should introduce legislation to abolish the U.S. Federal Reserve. The poll garnered over 115,000 votes, with a significant 86% majority opting to “end the Fed.”...
Bitcoin Price Pumps 5% to $65K After CPI Data – Can BTC Break Out of Its Current Range?
15.5.2024
The Bitcoin (BTC) price surged more than 5% back to the $65,000 level on Wednesday in wake of US CPI inflation data that showed moderating price pressures in April, supporting bets that the Fed will be able to ease interest rates a few times before the end of 2024.
The post Bitcoin Price Pumps...
Bitcoin Price Prediction: BTC Nears $62,000 Amid Fed’s Hawkish Stance and PPI Report; CPI Ahead
15.5.2024
Bitcoin price nears $62,000 after PPI data meets expectations; CPI report set to reveal further economic insights.
The post Bitcoin Price Prediction: BTC Nears $62,000 Amid Fed’s Hawkish Stance and PPI Report; CPI Ahead appeared first on Cryptonews
Top Crypto Gainers Today on DEXScreener – RWIF, DUMB, GME
15.5.2024
Trading conditions were broadly bearish on Tuesday as traders focused on a hotter-than-expected US PPI report and commentary from Fed Chair Jerome Powell, with traders having to turn to the on-chain meme coin markets in the hunt for top crypto gainers today.
The post Top Crypto Gainers Today...