Tag: federal reserve

Apr 09 2021

A Bitcoin Correction Towards $55,000 Likely At The End of Week

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...

Bitcoin Eyes Long-Term Benefits on Central Banks’ Dollar Ditch

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...

Apr 07 2021

A Big Glitch Appears in Bitcoin Bullish Bias: Rising Rate Hikes Bets

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...

Apr 05 2021

Bitcoin Weekly Outlook: Milder Swings Expected Around FOMC Minutes

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....

Apr 01 2021

Bitcoin Price Doubles in Institutionally-Driven First Quarter; What’s in Q2?

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,...

Mar 29 2021

Boom for Bitcoin as Wall Street Veteran Blasts Powell over Inflation Risks

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,...

Mar 23 2021

Bitcoin Falls to $53,000 as Wall Street Gains Hurt Appeal; What’s Next?

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...

Mar 22 2021

Bitcoin to Beat Gold Not Digital Dollar, Says Fed Chairman

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 (...

Mar 19 2021

Treasury Yields, Interest Rates, $1.9T Stimulus–What Does it Mean for BTC?

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

3 Charts Show Why Bitcoin Price is Poised to Explode Further Higher

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...

Feb 24 2021

Tether, Powell Testimony And Bitcoin Hegemony

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

Feb 23 2021

Federal Reserve Chair Calls Digital Dollar “High Priority”

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...

Paxos’s Chad Cascarilla: How Blockchain Tech Could Prevent Another GameStop/Robinhood

Feb 23 2021 Published at Unchained Podcast under tags  2021 banks bitcoin blockchain cbdc

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...

Feb 17 2021

Why the US Needs Bitcoin

Feb 17 2021 Published at CoinDesk under tags  federal reserve opinion policy & regulation

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

Feb 09 2021

St. Louis Federal Reserve Says 3 Risks Hold DeFi Back From “Paradigm Shift”

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

Jan 29 2021

US Federal Reserve Looking to Hire a Manager to Research Stablecoins and CBDCs

Jan 29 2021 Published at CoinDesk under tags  business cbdcs federal reserve news stablecoins

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.

Jan 28 2021

Bitcoin and Inflation: Everything You Need to Know

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

Jan 27 2021

Fed Chair Powell: ‘We’d Welcome Higher Inflation’

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

Federal Reserve Holds Rates, Asset Purchases Steady as Economic Activity Moderates

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

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