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Data has shown that the US Treasury yields fell as the traders and investors expect the Fed to either increase or postpone a rate hike. US Treasury yields fell on Wednesday as the market anticipates the Federal Reserve’s decision on subsequent interest rate hikes. The 2-year Treasury yield fell to 4.656%,
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The U.S. central bank now seems increasingly likely to suspend its more than year-long campaign of interest rate hikes. An analyst flags recessionary concerns in a note to CoinDesk Original Source
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The largest cryptocurrency held its perch where it spent much of the previous three days. Original Source
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In a Telegram message to CryptoX, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow
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The community of Ethereum-based decentralized finance (DeFi) protocol MakerDAO will soon vote on a proposal seeking to increase the Dai stablecoin (DAI) savings rate (DSR) to 3.33%. If it all goes through, the move is tipped to have broader implications for rates across DeFi.In a May 26 tweet, the Maker
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Bitcoin (BTC) traded back below $27,000 on May 19 as analysis flagged large-volume trades pressuring price.BTC/USD 1-day candle chart on Bitstamp. Source: TradingViewInflation specter haunts crypto marketsData from Cryptox Markets Pro and TradingView showed BTC/USD hitting lows of $26,380 on Bitstamp.A modest recovery then took the pair to a range
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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 the U.S.
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On Thursday, the ECB increased interest rates for the seventh consecutive time, with the latest figure aligning with analysts’ predictions. The European Central Bank (ECB) has hiked interest rates for a seventh consecutive time as its war against inflation wages on. Today, the eurozone central bank hiked rates by 25 basis
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The WallStreetBets token (WSB), which is linked to the WallStreetBets subreddit, dropped 90% in the last 24 hours following a big run higher that had seen its market cap jump to $50 million in under three days. The plunge came after one of the insiders connected to the project, @zjzWSB,
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Amid the unfolding banking crisis and interest rate hikes, Bitcoin has been showing strong resilience attempting another breakout above $30,000. On Wednesday, May 3, the US Federal Reserve announced another 25 basis points rate hike taking the US funds rate to more than 5% for the first time since 2007.
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