News
Adriana Kugler steps down from the Federal Reserve Board amid mounting political pressure and renewed uncertainty over Jerome Powell’s leadership.
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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
Bitcoin’s range expansion chose the downside, but data suggest the larger breakout is still brewing.
12940 - Market Update
Bitcoin market sentiment shrugged off a hawkish Fed FOMC meeting in an instant amid fresh promises of a US strategic Bitcoin reserve becoming a reality.
4112 - News
Federal Reserve Chair Jerome Powell’s comments dampened hopes for a September rate cut, which could lead to a slower crypto bull run, one analyst speculates.
2802 - Market Update
A negative Coinbase Premium Index and the markets’ reaction to a disappointing Federal Reserve presser catalyzed a “big move” in Bitcoin price.
22862 - Market Analysis
Traders anxiously await today’s FOMC results to see if a surprise Fed rate cut could ignite a Bitcoin rally toward $140,000.
3994 - Market Update
Bitcoin eyes upside breakout to $122,000, but fading spot ETF flows, lack of volumes and seasonality could stall bullish momentum thereafter.
2452 - News
The US House of Representatives will be in recess for the month of August, but the Senate still has a week of business to address two crypto bills before breaking.
6273 - Market Analysis
Bitcoin traders turn cautious as BTC trades near a critical support level, but outright panic is absent in derivatives markets.
3551 - Market Update
Rising US inflation tempers investors’ interest rate cut hopes, leaving Bitcoin at a critical juncture below $120,000.
3066 - Market Analysis
As Bitcoin price hits new highs and altcoins soar, traders are curious to know if a new super cycle has begun.
8548 - Market Analysis
Bitcoin price hit new highs today, but surging US debt and concerning housing data raise fears of a recession-led Bitcoin drop toward $95,000.
5422 - News
The mining companies opened sharply higher on Thursday after US nonfarm payrolls surprised to the upside.
9832 - Price Analysis
Bitcoin bulls will have to maintain the price above $109,000 to enhance the prospects of a breakout to a new all-time high above $111,980.
2550 - Market Analysis
Bitcoin moved closer to its all-time high today, but several data points suggest pro traders are not on board yet.
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