Altcoins are soaring high with Ethereum (ETH) at the helm ahead, reaping in its first major upward motion in a long time. Ethereum has gone up more than 20%. This move has attracted the trader and investor’s eyes as the market undergoes a significant change in momentum. Michaël van de Poppe highlighted that the price […]
Fed
Is Federal Reserve REALLY Crushing Crypto?
The Federal Reserve has come under fire for its stance on cryptocurrency. Caitlin Long, the CEO of Custodia Bank, claims that the Fed had kept one key restriction in place, despite revoking four other pieces of anti-crypto guidance. Such selective bias has significantly impacted banks’ ability to engage with the crypto industry. The one restriction […]
Trump-Powell Standoff: Why Crypto Could Be the Real Winner
Tensions rise between US President and Fed Chair Jerome Powell after the latter warned of an impending stagflation due to the tariff policies. Amidst this, social media discussions heated up on the possible implication of tariffs on the crypto market and whether the uncertainty in the traditional market pushed investors towards crypto assets. Continuing its […]
US Inflation Eases to 2.8%, But Tariffs and Economic Uncertainty Still Loom
US Inflation in the has recently displayed some easing, as noted by the core inflation being reported at 2.8%, in February, down from a 3.0% January figure. These are mainly due to softer housing costs, as well as lower airfares and gas prices. The move is towards the 2% target inflation rate set by the […]
The Fed’s Influence on Crypto: How Powell’s Words Could Move Markets
Today’s Federal Reserve’s Federal Open Market Committee (FOMC) meeting is being anticipated keenly in the financial markets. Economists forecast predicts that the Federal Reserve will not change the interest rates until the upcoming June. This decision will independently be made by the central bank, though this will be made with a future focus on inflation […]
Crypto Wins Big: Fed Chair Ends Banking Freeze
Money talks, but now crypto might get a seat at a traditional banking table. Federal Reserve Chair Jerome Powell has hinted at a possible improvement in the relationship between banks and digital asset firms. His message was clear: “Banks are perfectly able to serve crypto customers as long as they can understand and service the […]
Bitcoin Crashes Then Recovers: Is a Big Breakout Around the Corner?
Bitcoin faced a huge volatility yesterday where the price dropped from $103,500 to $98,000. This came as Federal Reserve Chair Jerome Powell, cast a wet blanket on speculations that the US government will embrace Bitcoin. In a recent YouTube video, Crypto Rover pointed out that the cryptocurrency has since started to recover and this has […]
Bitcoin’s Next Big Move: Fed Rate Cuts and ETF Growth Drive Market
The value of Bitcoin has been rising again in the recent past, though, the pace is gradually decelerating. While altcoins seem to be on the verge of breaking out, Bitcoin seems to be ranging. The past day was particularly unkind to long traders, who faced massive liquidations exceeding $333 million. This means that BTC may […]
Crypto Market Shifts: Key Developments To Watch in 2024
Matthew Dixon, a well-known crypto analyst, provided a comprehensive breakdown of key events and developments currently impacting the cryptocurrency market. In a recent X post, the analyst gave a detailed analysis of the events that are up to July 11. The 2024 Bitcoin Conference is expected to have a high-profile guest in its attendee list, […]
Bitcoin’s Value Criticized As “Pointless Asset” by Economist Robin Brooks
In a recent development, chief economist Robin Brooks, holding the position of chief economist at the Institute of International Finance (IIF), has recently stirred controversy by dubbing Bitcoin (BTC) a “pointless asset.” Brooks contends that the cryptocurrency’s market fluctuations are not inherently tied to its value but are influenced by the policies dictated by the […]