Cryptocurrency Analysis and News Portal
The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-point increase. The FOMC statement further detailed that ongoing rate increases are anticipated to bring inflation down to the target
Read More
The U.S. central bank earlier Wednesday lifted its benchmark interest rate 25 basis points. Source
Read More
The price of Bitcoin (BTC) broke through the $24,000 ceiling and the total crypto market cap jumped nearly 4% following a speech from United States Federal Reserve Chair Jerome Powell in which he suggested the economy’s disinflationary process has started.“We can now say, I think for the first time, that
Read More
Bitcoin (BTC) preserved its active trading range into the Feb. 1 Wall Street open as markets looked to the day’s key macroeconomic data.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$23,500 becomes level to beat for Bitcoin bullsData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to move in
Read More
"There is a strong possibility that in the press conference, Powell will be more hawkish and re-tighten financial conditions. For that reason, we could see a healthy short-term correction in crypto and all risk assets," Nauman Sheikh, head of treasury at crypto asset management firm Wave Financial, said. Source
Read More
Bitcoin (BTC) traders faced disappointment at the Jan. 10 Wall Street open after the United States Federal Reserve declined to comment on future policy.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPowell keeps quiet on Fed policyData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it stayed flat at around $17,250
Read More
"There is much interest in whether Chair Powell, who speaks at a Riksbank event, uses the opportunity to underscore the December minutes, which pushed back against the easing of financial conditions," one observer said. Original Source
Read More
Bitcoin (BTC) stayed above $17,000 on Jan. 10 as risk assets awaited fresh cues on policy from the United States Federal Reserve.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPowell to kick off week of U.S. macro triggersData from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after hitting $17,396 on Bitstamp
Read More
Bitcoin (BTC) set new one-month highs on the Dec. 14 Wall Street open on a day full of key events for the United States Federal Reserve.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBitcoin bullish with stocks into FOMCData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $18,126 on Bitstamp, beating
Read More
Equity markets soared on the news, led by the Nasdaq’s 4.5% advance. Bitcoin (BTC) rallied as well, briefly topping $17,000 from the mid-$16,000 area (it’s trading at $16,900 at press time). The rallies were somewhat surprising as bets on a smaller-than-usual rate hike in December barely changed after Powell’s comments
Read More