Market Analysis
The U.S. dollar index reached its lowest levels in three weeks on Oct. 19, triggering a rising wedge pattern.
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Federal Reserve News
The Federal Reserve. or The Federal Reserve System, is the central bank of the United States that was founded in 1913 by the U.S. Congress in order to establish central financial control. The Federal Reserve is responsible for a lot of functions, so some may become confused about its role and ask the question “what does the Federal Reserve do?” The main objectives of the Federal Reserve System were established along with its founding in 1913. They are: maximizing employment, stabilizing prices and moderating long-term interest rates. Those are achieved by open-market operations, placing the discount rate, and establishing reserve requirements for financial institutions. Decisions and prognoses of the Federal Reserve are crucial for world’s economy because most economic operations are dependent on the U.S. dollar, which falls under the Federal Reserve’s control.
- Market Analysis
Open Interest surged to $3.22 billion on. Oct. 14 to levels not seen since February.
5789 - Market Analysis
Correlation does not imply causation, but these three indicators did signal prior to Bitcoin’s recent push to $49,000.
11245 - News
The United States government appears keen to tame the rapidly growing stablecoin market, according to reports.
7415 - Market Analysis
Three bullish indicators converge as Ethereum’s native token, Ether, climbs over 9% on Oct. 1 to cross $3,000, a psychological resistance level.
56941 - Market Analysis
The flagship cryptocurrency has closed October in profit seven out of nine times since 2013, raising hopes that it will be able to log a fractal bull run in the next 31 days.
34884 - News
Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report.
3523 - Market Analysis
Rising jobless claims in the U.S. sparked sell-offs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.
29021 - News
Powell testified before the House Financial Services Committee on Thursday on matters related to the economy and the COVID-19 pandemic.
11317 - News
At a November 2020 virtual conference, Rob Kaplan said "it is critical that the Fed focuses on developing a digital currency in the coming months and years."
2536 - Market Analysis
Losing the $3,000 mark just days before Friday's $1.55 billion ETH options expiry nearly doomed Ether longs, but derivatives data shows bulls are still in favor.
6471 - News
Fed Chair Jerome Powell says there is no pressure to rush any central bank digital currency development plans.
2892 - Market Update
The crypto market staged a roaring comeback after Evergrande makes a deal to pay its debts and the Fed signals a continuation of its current monetary policy.
23404 - Market Analysis
On Tuesday, SEC Chair Gary Gensler re-confirmed his plan to crack down on cryptocurrencies, and traders’ regulatory concerns are confirmed by this key Bitcoin futures and options indicator.
10713 - Markets News
Bitcoin has been leaving Coinbase’s wallets in 2021, while BTC exchange reserves on Binance tell a different story.
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