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US Personal Consumption Expenditures Tap Record Highs, Stanford Economist Says Fed Should Increase Rates Above 9%
31.7.2022
On July 29, the U.S. Bureau of Economic Analysis reported on America’s personal consumption expenditures (PCE) price index for the month of June, and the figure saw the largest 12-month increase since 1982. On the same day, Stanford University’s senior fellow at the Hoover Institution...
Crypto pumps after Fed rate hike, Zuckerberg pins hopes on Metaverse making hundreds of billions and Tesla posts $64M BTC gain: Hodler’s Digest, July 24-30
30.7.2022
Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims
29.7.2022
Following Voyager Digital’s application for bankruptcy protection during the first week of July, Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today issued a joint letter to the company demanding a cease and desist against Voyager’s FDIC claims....
Bad News is Good News: Bitcoin Plays With USD 24K as Traders Speculate on Fed Pivot and US Recession
29.7.2022
The price of bitcoin (BTC) traded above USD 24,000 on Friday morning (UTC), reaching its highest in nearly 7 weeks, after news that the US has entered what many consider a technical recession, as well as speculations that the US Federal Reserve (Fed) will soon turn from aggressive tightening...
Bitcoin, Ethereum Technical Analysis: BTC Climbs Above $24,000, While ETH Nears $1,800
29.7.2022
Bitcoin rose for a third consecutive session on Friday, as prices rose above $24,000 to end the work week. Today’s rise comes as sentiment in crypto remains bullish, following Wednesday’s interest rate hike by the Fed. Ethereum was also higher, as prices approached $1,800. Bitcoin...
Fed demands Voyager remove 'false' claims deposits are FDIC insured
29.7.2022
The Fed and FDIC allege that Voyager “made various representations online" that its funds were FDIC insured
Bitcoin rallies after Fed interest rate hike, but bears can still win Friday’s $1.76B options expiry
28.7.2022
BTC bears aim for a $360 million profit in July 29’s $1.76 billion monthly options expiry, but the FOMC interest rate decision could play a decisive factor
Biggest Movers: UNI, BCH Surge by Over 20%, Hitting Multi-Month Highs
28.7.2022
Uniswap was trading over 20% higher in Thursday’s session as the token rose to its highest point since April. This comes as crypto markets surged on Tuesday, in the aftermath of the Fed rate decision. Bitcoin cash moved to a six week high on the news. The global crypto market cap is 6.51%...
Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth
28.7.2022
The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2...
Top NFT Collections Rise in Price After Latest US Fed Hike
28.7.2022
Floor prices of some of the most popular collections of non-fungible tokens (NFTs) rose over the past 24 hours, as the US Federal Reserve (Fed) on Wednesday announced yet another rate hike in line with what the market was expecting.
According to the NFT data provider DappRadar, the floor prices...
Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbing Above $23,000 as Fed Hikes Bank Rate
28.7.2022
Crypto prices surged in today’s session, as markets continued to react to the Federal Reserve’s latest interest rate hike. The Fed opted to raise rates by 75 basis points (bps) for a second consecutive meeting. Bitcoin briefly rose above the $23K mark earlier in the day, with ethereum...
First Mover Asia: Crypto Companies Struggle With Layoffs, but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike
28.7.2022
The bear market has forced multiple organizations to cut their workforces, hurting morale and weakening the companies; BTC, ETH soar
Market Wrap: Crypto Markets Trade Higher as Fed Raises Rates by Expected Amount
27.7.2022
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Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’
27.7.2022
On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central bank’s third rate increase after increasing the benchmark rate by 50 bps last March. Fed Hikes...
Bitcoin spikes above $22.2K as Fed votes for 75-basis-point rate hike
27.7.2022
No surprises from the Fed as Bitcoin bulls see rewards for late longs with the press conference still to come
US Fed Fires Another 75 Basis Points Rate Hike at Record Inflation
27.7.2022
The US Federal Reserve (Fed) has hiked interest rates by 75-basis points, to the interval 2.25 to 2.5%, in line with what most analysts expected. (This is a developing story and is being constantly updated.)...
Read More: US Fed Fires Another 75 Basis Points Rate Hike at Record Inflation
First Mover Americas: Crypto Traders Await Fed Meeting, Bitcoin Rises, Cathie Wood's Ark Dumps Coinbase Shares
27.7.2022
The latest price moves in crypto markets in context for July 27, 2022
Will Stablecoins Be Tethered to the Fed? Lawmakers Have Circled That Option
27.7.2022
Companies issuing stablecoins would have to deal with the Federal Reserve as the chief oversight agency in the current version of a bill being developed in the U.S. House of Representatives, say people familiar with the talks. This change would be novel for the Fed and for the nonbank crypto...
Crypto Traders Split on Upcoming Fed Rate Hike's Impact on Bitcoin
27.7.2022
The Fed has raised rates by 150 bps since March, injecting volatility into asset markets. Yet some analysts expect BTC to stay resilient after Wednesday's hike
IMF global outlook suggests dark clouds ahead for crypto
27.7.2022
The IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto