Bitcoin Holds Above $40K as Market Adjusts to Higher Rates From Federal Reserve
At the current level, the crypto has gained about 3% for the week. Source
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Rates
Bank of England Raises Interest Rates Back to Pre-Pandemic Level of 0.75%
The policy statement, however, leaned dovish, suggesting consensus expectations for the central bank to bring its Bank Rate to 2% by year-end might have gotten ahead themselves. "Some further modest tightening might be appropriate in the coming months, but there were risks on both sides of that judgement depending on
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Bitcoin Battles to Hold $41k as the Fed Raises Interest Rates by 0.25%
Quick take: Bitcoin hit a local high of $41,718 as anxiety grew on Wednesday, that the Fed would increase interest rates The U.S Federal reserve announced a 0.25% rate hike and signaled six more increments this year Bitcoin has since dropped below $41k to $40,600 Current prices are a relief for Bitcoin traders given
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Why Stablecoin Interest Rates Are So Damn High
Stablecoins also provide crypto investors with a “safe haven” when cryptocurrency price volatility is high. So when cryptocurrencies go on a wild roller-coaster ride, as they have in recent months, demand for stablecoins rises. This tends to push them off their pegs, which rather destroys their purpose. So when people
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Russian Banks Raise Key Rates to 20% in Desperate Measure to Save Ruble
The country faces sanctions from the West as the war against Ukraine transcends into economic and financial cripples. Original Source
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Central Banks, Interest Rates and Bitcoin
The rationale is that in reaction to the Great Recession of 2008 and the malaise of a recovery that ensued, central banks drove interest rates to zero and below. Meanwhile, governments printed fiat debt to levels that could never be repaid, let alone serviced should interest rates rise meaningfully. Investors
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Bitcoin Funding Rates Remain Negative For More Than A Week
On-chain data shows the Bitcoin funding rates have mostly remained negative for more than a week now. If past trend is anything to go by, this may mean that a bottom could be near. Bitcoin Funding Rates Have Now Remained Mostly Negative For More Than Seven Days As pointed out by an
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Bitcoin analysts fear new BTC price dip as funding rates drop post Fed
Bitcoin (BTC) created resistance at $37,500 on Friday amid an increasing consensus that a new dive was underway. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFunding signals dip expectationsData from Cointelegraph Markets Pro and TradingView revealed $37,500 as the ceiling which capped price action overnight into Friday.BTC/USD had recovered from a trip to
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Bitcoin Slumps Following Fed Confirmation Of Hike In Interest Rates
The price of bitcoin has dropped after the Federal Reserve said that it will likely raise interest rates in March. Bitcoin lost its yesterday’s gain, now trading at $36k at press time. However, Fed Chairman Jerome Powell stated during a press conference that there is still a lot of uncertainty, including
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Fed Keeps Interest Rates at Zero, Says Hike Appropriate ‘Soon’
The U.S. Federal Reserve said Wednesday it would hold interest rates near zero, even as it edges closer to removing some of the extraordinary stimulus provided to financial markets since the coronavirus hit in March 2020.The benchmark U.S. short-term interest rate will remain in the current range between 0% and
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