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Bitcoin Price Outlook for May
15.5.2023
Midway through May and bitcoin has mostly fallen lower, as markets digested several key pieces of economic data. The headline was another rate hike by the Federal Reserve, which came as U.S. non-farm payrolls rose marginally higher than expected. Heading into the last fortnight of the month, could...
Biden Appoints New Fed Vice Chair as Fedwatch Tool Shows Slim Chance of Rate Hike at June Meeting
14.5.2023
Investors believe it is highly likely that the target rate will remain unchanged at the June 14 Federal Open Market Committee (FOMC) meeting, following the U.S. Federal Reserve’s decision to increase the federal funds rate by 25 basis points on May 3. As the battle against inflation in...
Bitcoin, Ethereum Technical Analysis: BTC Hovers Near Key Price Floor, Ahead of US Inflation Report
10.5.2023
Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve’s decision to hike rates last week....
First Mover Americas: Bitcoin Pushes Above $29K After Fed Rate Hike
4.5.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Price Predictions: Can BTC Reach $30K Following the Federal Rate Hike?
4.5.2023
In the world of cryptocurrencies, market fluctuations and price predictions are the norm, with Bitcoin often leading the way as the most talked-about digital currency.
With the recent Federal Reserve interest rate hike impacting financial markets, many are left wondering how this move will affect...
Bitcoin Falls Slightly After Fed Rate Hike
3.5.2023
BTC was down about 1% after the U.S. central bank boosted the Federal Funds rate by 25 basis points. Fed Chair Jerome Powell noted that the central bank had omitted language signaling rate hikes at upcoming meetings
Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles
3.5.2023
Bitcoin price looks unlikely to break out as markets brace for Fed rate hike volatility
Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Wednesday, as Fed Meeting Looms
3.5.2023
Bitcoin rebounded from Tuesday’s losses, as all focus in the market turned to today’s United States Federal Reserve rate decision. It is widely expected that the Fed will hike rates by 25 basis points in May’s meeting. Ethereum also moved higher, nearing $1,900 in the process....
Interest rate hike speculation triggers outflows from crypto investment products: Report
2.5.2023
According to CoinShares, digital asset investment products saw outflows totaling $72 million last week, as investors brace for the Fed's forthcoming rate decision on May 3
US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023
30.4.2023
After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them predict a 25bps rate hike will occur during...
Bitcoin price holds $29K as US PCE data sparks 90% Fed rate hike bets
28.4.2023
Bitcoin holds firm around $29,000 as markets escape a "shock" from the week's main macro event
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says
27.4.2023
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has...
Gold Slides on Higher US Treasury Yields, Dollar
19.4.2023
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors...
Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike
14.4.2023
The 6,000% increase in taxes per kilowatt hour of energy will likely kill any potential bitcoin mining investments in the country
Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate
14.4.2023
Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases...
Bitcoin price rivals 10-month high as CPI data beats expectations
12.4.2023
BTC price performance gets a fresh boost from strong U.S. inflation data, with Bitcoin bulls eyeing a clean trend breakout
Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy
11.4.2023
Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will...
Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023
10.4.2023
After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of...
Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say
7.4.2023
Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the highest hikes may soon be over, the officials indicated. End of Most Aggressive Rate Hikes...
Bitcoin rests at $28K as US jobs data boosts new Fed rate hike bets
7.4.2023
Bitcoin price action does not warm to nonfarm payrolls numbers as analysts predict the Fed continuing to hike interest rates in May