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Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July
3.6.2023
Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME Fedwatch tool, there is a 74% likelihood that...
How the Upcoming US Jobs Report Might Impact the Bitcoin (BTC) Price
1.6.2023
US labor market data for May is due on Friday the 2nd of June.
The data, which is closely scrutinized by policymakers at the US Federal Reserve, could trigger volatility in the Bitcoin market, depending on how and if it impacts expectations for further interest rate hikes from the US central bank....
Fed board issues order to Silvergate Bank as part of self-liquidation plan
1.6.2023
Silvergate Capital Corporation and its crypto-friendly bank will have 10 days to submit a self-liquidation plan in compliance with California and federal requirements
First Mover Americas: Bitcoin Slumps Back to $27K on Fed Worry
31.5.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for May 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Recedes to $27K as Fed's Mester Favors Unabated Tightening
31.5.2023
"I don't really see a compelling reason to pause rate hikes," Fed's Master said, validating the recent hawkish repricing of interest rate expectations in the U.S
Bitcoin Edges Below $28K as Investors Eye US Debt Ceiling Progress
31.5.2023
Investors awaited a House vote on the debt ceiling deal, scheduled for Wednesday
Atlanta Fed explains Web3 finance, including XRP ‘international payment medium’
26.5.2023
The highly accessible introductory text mentions all the concepts and names a curious reader would need, along with some assessments
This bearish technical pattern hints at a double digit drop in Bitcoin price
25.5.2023
Inflation concerns and the U.S. debt standoff cast a long shadow over Bitcoin’s dwindling bullish prospects
FOMC Minutes Signal Central Bank Divided on Need for More Tightening – Here is How Crypto Reacted
24.5.2023
The minutes from this month’s FOMC meeting of US Federal Reserve policymakers were just released, revealing the bank to be divided on the need for further interest rate hikes.
Cryptocurrency, forex, US equity and US bond markets didn’t see much of a reaction to the minutes, the tone of which were...
Fed Survey: US Household Financial Well-Being ‘Declined Markedly’ in 2022
24.5.2023
A survey by the U.S. Federal Reserve shows that American household financial well-being “declined markedly” in 2022. The share of adults who said they were worse off financially than a year earlier rose to “the highest level since the question was first asked in 2014,”...
JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’
23.5.2023
JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.”...
Banks Will Likely Consolidate Further Into Bigger Giants: Fed's Yellen
22.5.2023
US Treasury Secretary Janet Yellen has weighed in as more banks close shop amid the ongoing banking crisis.
The severe winter that hit the banking industry has sent many banks packing while those still standing battle liquidation issues and crashing stock prices.
During a discussion with finance...
Federal Reserve Chair Powell Hints at Possible Pause in Interest Rate Hikes
22.5.2023
Federal Reserve Chair Jerome Powell has hinted that the Fed may pause raising interest rates at the Federal Open Market Committee (FOMC) meeting next month. “Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments,” Powell said. Fed Chair Jerome...
Bitcoin forgets Fed as trader eyes classic BTC price 'liquidity hunt'
20.5.2023
Conditions are ripe for a Bitcoin range breakout, but fears among traders are that a deep correction is due
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Saturday, Despite Optimism Fed Could Soon Pivot
20.5.2023
Bitcoin started the weekend in consolidation, as markets remained nervous despite somewhat dovish comments from U.S. Fed Chair Jerome Powell. Speaking on Friday, Powell stated that rates may not be increased by as much as initially expected. Ethereum rose marginally higher today. Bitcoin Bitcoin...
Bitcoin Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments
19.5.2023
“The financial stability tools helped to calm conditions in the banking sector. Developments there, on the other hand, are contributing to tighter credit conditions,” says U.S. central bank chair Jerome Powell in a Friday panel
NY Fed and MAS publish joint CBDC cross-border payment project results
19.5.2023
The researchers built on their separate projects to demonstrate cross-border payments using illiquid currencies with an intermediate “vehicle” currency
Bitcoin Price Prediction as Market Awaits Fed Chair Powell Speech – Is the Bear Market Over?
19.5.2023
Fed Chair Powell's recent speech has sparked significant interest and speculation within the financial community.
As one of the most influential figures in the global economy, Powell's remarks carry substantial weight and have the potential to impact various sectors, including the cryptocurrency...
Bitcoin Price Prediction Following Fed Chair Powell's Speech – Is the Bear Market Over?
19.5.2023
Fed Chair Powell's recent speech has sparked significant interest and speculation within the financial community.
As one of the most influential figures in the global economy, Powell's remarks carry substantial weight and have the potential to impact various sectors, including the cryptocurrency...
Bitcoin flips volatile at $27K as Fed's Powell teases end to rate hikes
19.5.2023
BTC price action destabilizes as markets watch Fed Chair Jerome Powell's language for hints of policy change