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The Federal Reserve’s (Fed) decision to raise the Federal Funds Rate (FFR) by 25 basis points to 5.50%, the highest level since February 2021, had little impact on the cryptocurrency market and Bitcoin (BTC), with the event described as “very vanilla” by the Journalist Ted Talks Macro. The FOMC indicated that
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A few more Fed rate hikes are likely, but "the hardest work is done," one expert said. Source
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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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Musk has taken a special interest in DOGE with his various pronouncements even before he acquired Twitter, driving the token's price. “Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE,”
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"I'm looking into what tone the Fed will set for the next meetings in September and beyond. We are at an intriguing juncture, as inflation has been receding, but the favorable base effects will be less pronounced from here on. Additionally, the oil price bounced back about 10% over the
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Crypto markets have been curiously resistant to the latest macroeconomic utterances. With a few blips, bitcoin has been trading in a range between $29,000 and $31,500 for much of the past two months. It was recently changing hands at $29,100, down more than 3% over the past 24 hours. "It
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Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Shiba Inu (SHIB) has witnessed a 24-hour surge in its burn rate despite the latest price consolidation plaguing the asset. The asset has continued to trade in a range after the drop below $0.000008. Shibburn, the unofficial
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Mark Zuckerberg’s Twitter alternative, Instagram Threads, has been forced to implement rate limits in response to a growing number of reports citing spam attacks and crypto-shilling bots.Instagram head Adam Mosseri announced the introduction of rate limits in a July 17 post on the Threads app. Adam Mosseri’s explanation for the
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The U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May, according to the Bureau of Labor Statistics (BLS) and versus expectations for a dip to 3.1%. On a monthly basis, the CPI was higher by
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