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Fed Chair Jerome Powell said that if is required, they won’t hesitate to rise interest rates further in order to bring the inflation to its desired target of 2%. On Thursday, November 9, while speaking at an International Monetary Fund audience in Washington D.C., Fed chair Jerome Powell said that
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Analysts are expecting the Fed to pivot by March 2024 and begin the first rate cuts. Bitcoin and the crypto market are expected to rally in this scenario. Bitcoin (BTC) has maintained its position with the price around the $35,000 mark for the past 24 hours, with some attributing this
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The UK Chancellor of the Exchequer Jeremy Hunt is optimistic that inflation would ease. UK inflation came in for September at 6.7%, higher than expectations set by analysts. Also, inflation in the UK remained unchanged from August. While inflation remained unaltered, the UK’s headline consumer price index (CPI) met expectations from economists
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On this week’s episode of The Market Report, analyst Marcel Pechman discusses Bitcoin’s (BTC) strength ahead of the United States Federal Reserve’s Federal Open Market Committee (FOMC) meeting, with investors betting on an interest rate freeze.Pechman expresses skepticism about the claim that recent inflation data indicated the Federal Reserve’s 2% target
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Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 Tether (USDT) after receiving a warning from Hong Kong’s Securities and Futures Commission (SFC). The staff of the exchange has also been reportedly missing from its Token 2049 booth in Singapore. On Sept. 13, the SFC, Hong Kong’s
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) has been consolidating below the $26,000 mark over the past week as the global crypto market condition turned red. However, with the recent market-wide bullish momentum, BTC whale activity and social dominance have witnessed a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Non-fungible token (NFT) sales have witnessed a significant surge after taking a downward curve between Aug. 25 and 29. According to CryptoSlam, NFT sales grew by 36.5% in the past 24 hours, reaching roughly $14.25 million. Per
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) has dropped from the $29,000 mark for the first time since June 22. The downward movement comes as the broader crypto market witnesses a $21 billion fall. The flagship cryptocurrency is down by 1.5% in
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Following a fast 20% rally beginning in mid-June mostly thanks to excitement surrounding BlackRock’s filing for a spot Bitcoin ETF, the price of BTC has stalled during July – at least in part due to the realization that the Fed would indeed begin lifting interest rates again. After trading as
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Bitcoin shifted toward $30,000 on July 26 as the Federal Reserve delivered a fresh interest rate hike.BTC/USD 1-hour chart. Source: TradingViewBitcoin tames volatility ahead of Powell press conferenceData from Cointelegraph Markets Pro and TradingView showed Bitcoin's (BTC) price performance strengthening after the Federal Open Market Committee (FOMC) took rates 0.25% higher.While still
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