Tag: federal reserve

Key Bitcoin Price Outlook Bitcoin reaches a short-term resistance trendline that constitutes a descending channel pattern. The cryptocurrency risks upside rejection heading into the weekend session. Its downside target lurks near $55,000. Sliding US bond...

If global central banks are any indicator, the bitcoin price can continue its supersonic bull run despite hitting a pause in the past three weeks. At the core of the bullish theory is the US dollar. True, the global store of value has attempted impressively to emerge out of its 2020 bearish trend, the one that...

There are more traders now that prefer to hold Bitcoin than selling it to realize earlier profits. It is indicative of a major price boom ahead for the flagship cryptocurrency, which has already surged by almost 1,380 percent from its 2020's nadir of $3,858 (data from Coinbase). Bitcoin Rise to Glory Lower interest rates have provided one of the most strengthening bullish tailwinds...

Bitcoin (BTC/USD) is paring a portion of its recent gains entering the new weekly session, trading just a little over $57,000 after breaching $60,000 last week....

Bitcoin went into an upside mania in the first quarter of the year. The flagship cryptocurrency surged by roughly 102 percent as investors showed no fears of risk-taking. On the contrary, they embraced it as interest rates on government bonds rose but remained near their historically low levels. New rounds of government stimulus packages further pushed investors to risky corners of the market,...

Bitcoin could continue playing its global safe-haven hedge role as a Wall Street veteran blasts off Jerome Powell and his pro-inflation policies in his latest opinion editorial. The benchmark cryptocurrency could rise as Andrew Parlin, founder/chief investment officer at Washington Peak Investment Advisors in New Jersey,...

Bitcoin fell towards $53,000 on Tuesday as US stocks rallied, breaking away its tradition of tailing riskier assets even as bond yields and the US dollar dipped. The benchmark cryptocurrency was down 1.13 percent to $53,500 per token ahead of the L0ndon opening bell. Bitcoin futures on the Chicago Mercantile Exchange dropped by more than 4 percent to $53,475 around 0600 UTC. At...

The U.S. Fed chairman Jerome Powell said that Bitcoin is a speculative asset like gold and does not see it as a replacement for the American dollar. And certainly not a digital dollar. Fed Not Worried About Bitcoin Powell spoke at the Innovation Summit by the Bank of International Settlements (...

As changes in US monetary policy continue, more institutional investors appear to be stacking BTC.

Bitcoin looks poised to reach fresh price highs according to a flurry of crucial on-chain indicators. Analyst Willy Woo listed signals that showed an uptick in bitcoin trading activities across the US cryptocurrency exchanges. For instance, a metric that measures the total available BTC balance on trading platforms alerted an...

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On this "Fed Watch," the hosts discussed Tether FUD, Jerome Powell's latest speech and bitcoin price action....

Speaking before the Senate Banking Committee on Feb. 23, Federal Reserve chair Jerome Powell said that developing a digital dollar for the United States is a "high priority." Shifting Gears for Digital Dollar In the past, Powell has...

In this episode of Unchained, Chad Cascarilla, CEO and cofounder of Paxos, explains how the 2008 financial crisis led him to crypto, what financial plumbing has to do with GameStop, and how Paxos is leveraging blockchain technology to change financial services. In this episode Chad discusses: his work experience prior to Paxos and...

Elon Musk and other VIPs have endorsed it. Here's why the Federal Reserve should seriously consider BTC for its balance sheet.

The St. Louis Federal Reserve published an article on the risks and opportunities in DeFi. If the technology can overcome...

The job listing follows comments made by Fed Chair Jerome Powell in recent weeks where he said the central bank needed “better regulatory answers” for global stablecoins.

The cryptocurrency was designed to counter the harms of inflation, but is this really such a big issue?

The central bank doesn’t want to pull back asset purchases just yet, Powell said Wednesday.

The central bank noted that economic activity and employment had moderated while the path of the economy will be determined by vaccinations