Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,425,389,926,722.30
  • 24h Vol: $61,102,931,072.84
  • BTC Dominance: 56.53%

jerome powell

fed-slashes-benchmark-interest-rate-by-50bps-in-first-cut-since-2020

Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020

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On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […]

Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020 Read More »

the-fed-under-fire:-elizabeth-warren-pushes-for-unprecedented-rate-cut

The Fed Under Fire: Elizabeth Warren Pushes for Unprecedented Rate Cut

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As the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) gears up for its meeting on Sept. 18, anticipation is building for a rate cut. Market participants are placing their bets, with expectations leaning toward either a 25 basis points (bps) reduction or a 50bps cut. However, Massachusetts Senator Elizabeth Warren is urging the Fed

The Fed Under Fire: Elizabeth Warren Pushes for Unprecedented Rate Cut Read More »

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Bitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports

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Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digital

Bitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports Read More »

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Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts

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Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence

Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts Read More »

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Trump Suggests Presidents Should Weigh in on Fed Policies, Jabs at Powell’s Interest Rate Timing

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On Thursday, at a press conference held at Mar-a-Lago, former President Donald Trump shared his thoughts with reporters, stating that the sitting president should have a voice in the U.S. Federal Reserve’s monetary policies. Trump targeted Fed Chair Jerome Powell’s actions concerning interest rates, particularly critiquing the timing and lack of cuts. “A little bit

Trump Suggests Presidents Should Weigh in on Fed Policies, Jabs at Powell’s Interest Rate Timing Read More »

bitcoin-dips-to-$56,952-as-market-reacts-to-mt-gox-and-german-btc-moves

Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves

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On Thursday, July 4, 2024, the price of bitcoin fell below $57,000, reaching a low of $56,952 at 5:20 a.m. EDT. There is widespread speculation about the Mt Gox distribution and the German government’s transfer of approximately 3,000 bitcoin to unidentified wallets, Coinbase, Bitstamp, and Kraken. Bearish Sentiment Grows as Bitcoin Continues to Slide Bitcoin’s

Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves Read More »

a-million-dollar-bitcoin-bet,-financial-crisis-warnings-abound,-and-ordinal-inscriptions-surpass-500,000-—-week-in-review

A Million-Dollar Bitcoin Bet, Financial Crisis Warnings Abound, and Ordinal Inscriptions Surpass 500,000 — Week in Review

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Venture capitalist Balaji Srinivasan says hyperinflation is happening now, and is making million-dollar bets that the price of bitcoin will reach $1M in 90 days. In related news, myriad voices from the world of finance are sounding off about inflation, recession, and a brewing economic crisis. In spite of the economic turmoil, however, Federal Reserve

A Million-Dollar Bitcoin Bet, Financial Crisis Warnings Abound, and Ordinal Inscriptions Surpass 500,000 — Week in Review Read More »

federal-reserve-hikes-rate-by-25bps-to-keep-inflation-at-bay,-aims-for-2%-inflation-rate-by-2025

Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

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Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector It’s been

Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025 Read More »

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Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks

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After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of the “Big Three” credit rating firms, Moody’s cited a “rapid deterioration

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks Read More »

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US Inflation Remains Higher Than Expected, Raising Concerns Among Investors

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U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty in Markets Inflation in the United States exceeded expectations among analysts

US Inflation Remains Higher Than Expected, Raising Concerns Among Investors Read More »