Cryptocurrency Analysis and News Portal
(Edited by James Rubin)Good morning. Here’s what’s happening:Market moves: Bitcoin broke $52,000 briefly, while its supply outside of exchanges reached record highs.Technician’s take (Editor’s note): Technician’s Take is taking a holiday hiatus. In its place, First Mover Asia is publishing a column by CryptoX Chief Content Officer Michael Casey.Catch the
Read More
Having kicked off the unwinding of the crisis-era stimulus this month, the U.S. Federal Reserve (Fed) may accelerate the pace of the taper next year, according to a Bloomberg report citing a client note from Goldman Sachs.The central bank will double the pace of scaling back its liquidity-boosting asset purchases
Read More
“Powell made it clear we’re right on the edge,” said former Federal Reserve economist Claudia Sahm. A jobs gain of “200,000 or more will push them to ‘further substantial progress,’” a phrase that Powell has used to describe the precondition for tapering. Original Source
Read More
Bitcoin (BTC) prices briefly fell below $44,000 on Thursday as the United States Dollar strengthened after the U.S. Federal Reserve policy minutes revealed its intentions to limit its bond-purchasing program this year.Bitcoin risks $45,000 becoming new resistance The spot BTC/USD rate dropped 1.71% to a new week-to-date low of $43,955. The
Read More
Ether (ETH) and Bitcoin (BTC) pulled back on Wednesday as investors awaited fresh guidance from the United States Federal Reserve (Fed).ETH price slipped by 0.57% to $2,857, while the BTC/USD prices were up 0.68%, changing hands at $39,739 at around 10:30 am EST. Nevertheless, both the pairs reached their current
Read More