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Financial Markets Tense as Inflation Rise Suggests US Central Bank May Keep Rates Steady
13.3.2024
The U.S. Consumer Price Index (CPI), experienced a 3.2% increase over the 12 months ending in February, marginally higher by 0.1% compared to January’s CPI. This development is not being well-received by the financial markets, as the U.S. Federal Reserve might postpone any reductions in...
Bitcoin Price Prediction Surges to $72,000 Amid Fed Rate Cut Hopes & Trump’s Support
12.3.2024
Bitcoin's surge to $72,000, fueled by Fed rate cut hopes and Donald Trump's nod, signals a bullish future amid growing institutional interest and regulatory support.
The post Bitcoin Price Prediction Surges to $72,000 Amid Fed Rate Cut Hopes & Trump’s Support appeared first on Cryptonews
Speculation Intensifies Over US Banking Sector’s Fate as Fed’s BTFP Closure Looms
10.3.2024
This weekend, many are intrigued by the potential outcomes following the cessation of the U.S. Federal Reserve’s Bank Term Funding Program (BTFP), launched amidst the significant banking collapses in March 2023. Some argue that the banking turmoil is far from over, suggesting it has merely...
Fed Chair Jerome Powell Addresses Concerns Over CBDCs, Prioritizes Privacy
8.3.2024
In a recent Senate Banking Committee hearing, Jerome Powell assured lawmakers that the Federal Reserve is not pursuing a CBDC anytime soon and “not far” from cutting interest rate.
The post Fed Chair Jerome Powell Addresses Concerns Over CBDCs, Prioritizes Privacy appeared first on Cryptonews
Jerome Powell Clarifies: US Far From Introducing a Central Bank Digital Currency
8.3.2024
Federal Reserve Chair Jerome Powell stated before the Senate Committee on Banking, Housing, and Urban Affairs that the United States is far from adopting or even recommending the introduction of a central bank digital currency (CBDC), emphasizing a significant distance from such a possibility....
Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval
7.3.2024
Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate the introduction of a central bank digital currency (CBDC). Powell Assures No Direct Fed Accounts in CBDC Plans, Seeks Congressional Go-Ahead In...
Best Crypto to Buy Today March 7 – Jupiter, THORChain, EOS
7.3.2024
As macro tailwinds following dovish commentary from Fed Chair Jerome Powell help lift major cryptos back towards recent highs, investors hunting for the best crypto to buy today would do better by taking a look at smaller altcoins, many of which are enjoying outsized pumps.
The post Best Crypto...
Bitcoin (BTC) Price Briefly Retakes $68,000 as US Dollar Dips on Dovish Remarks from Fed Chair Powell
7.3.2024
The Bitcoin (BTC) price briefly retook $68,000 on Thursday amid a dip in the US dollar following dovish remarks from US Federal Reserve Chair Jerome Powell, coming within about 2% of the record highs it printed earlier in the week.
The post Bitcoin (BTC) Price Briefly Retakes $68,000 as US Dollar...
U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans
7.3.2024
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
Bitcoin Price Prediction: Fed Cut Rumors & Political Influence; Next Target $66,000?
4.3.2024
Amid Fed cut rumors and political plays, Bitcoin's price prediction eyes $66,000. The surge reflects confidence and hints at significant market moves ahead.
The post Bitcoin Price Prediction: Fed Cut Rumors & Political Influence; Next Target $66,000? appeared first on Cryptonews
Former IMF Economist Raises Alarm on US Debt as Atlanta Fed Chief Signals Potential Rate Cuts
29.2.2024
A leading economist has expressed deep concern over America’s soaring $34 trillion national debt, warning of no significant efforts to mitigate it. Meanwhile, Federal Reserve Bank of Atlanta President Raphael Bostic suggests a potential easing of policy rates by summer. Ex-IMF Chief Economist...
Atlanta Federal Reserve Warns Banks About Crypto Risks
27.2.2024
Per statement released Monday, the Atlanta Fed advised banks and financial service providers to exercise caution while dealing with cryptocurrencies.
The post Atlanta Federal Reserve Warns Banks About Crypto Risks appeared first on Cryptonews
Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset
18.2.2024
A Federal Reserve governor has addressed crypto’s impact on the U.S. dollar’s dominance. Additionally, he expressed reservations about the need for a U.S. central bank digital currency (CBDC) and stated his opposition to banks holding bitcoin exchange-traded funds (ETFs) as their...
USD-Pegged Stablecoins Could Boost Dollar Dominance: Fed Governor
16.2.2024
The US Fed Governor Christopher Waller, who previously voiced cryptos are “risky,” now throws a positive stance on dollar-pegged stablecoins. Speaking at a conference in Nassau, Bahamas on Thursday, Waller said that decentralized finance (DeFi) could actually boost dollar dominance. He stressed...
Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress
15.2.2024
Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed. Moreover, the Fed chair reportedly said that a framework...
Fed Chair Powell Told House Democrats U.S. Needs Stablecoin Bill: Politico
14.2.2024
Powell also said a CBDC would need Congress' approval before the Federal Reserve will act
Risk Assets Like Bitcoin Are Defying Low Fed Rate Cut Expectations: Analyst
14.2.2024
An interest rate cut isn't likely on the table, but risk assets are doing just fine
Top Crypto Gainers Today on DEXTools – ASTX, JOE, ASEA
13.2.2024
Top Crypto Gainers Today on DEXTools With major cryptocurrencies experiencing a price dip on Tuesday in wake of hotter-than-expected US CPI data that has seen markets pull back on Fed rate cut bets, investors looking for quick exponential gains will continue scouring the shitcoin/meme coin markets...
Best Crypto to Buy Today February 13 – AKT, GNO, STX
13.2.2024
Explore what experts are saying about the best crypto to buy now, focusing on long-term potential and recent market trends in the blockchain space. Image by cryptonews.com. With major cryptocurrencies experiencing a price dip on Tuesday in wake of hotter-than-expected US CPI data that has seen...
Bitcoin Price Drops Back Below $49,000 After Hot US CPI Data Deals Blow to Fed Rate Cut Bets – Where Next for BTC?
13.2.2024
Bitcoin Price Chart / Source: Adobe / LuisaThe Bitcoin (BTC) price has dipped back below $49,000, a near $1,500 turnaround from the two-year highs it hit near $50,400 earlier in the session, in wake of the release of hotter-than-expected US Consumer Price Index (CPI) data for January. Last changing...