Fed interest rate hike rattles the crypto market: Dig deeper with Market Talks
The Fed has once again increased interest rates by another 75 basis points. Join us as we discuss this and more with Tim Warren, co-host of Coffee N Crypto, and Yashu Gola, a Cointelegraph market analyst. In this week's episode of Market Talks, we welcome Yashu Gola, a Mumbai-based financial analyst and technology journalist at Cointelegraph with a strong focus on Bitcoin (BTC), smart contracts, exchange assets, nonfungible tokens, commodities and global stocks. Gola has been covering the cryptocurrency industry since 2014 and does not expect to stop anytime soon.First things first, the....
Related News
The much-anticipated Fed rate hike is now out and, as expected, dealt a heavy blow to the broader crypto market on Wednesday. The U.S. Federal Reserve increased its policy interest rate by three-quarters of a percentage point, extending it to a range of 3 to 3.25 percent. This number represents a huge increase from March, when […]
The FOMC meeting is currently looming above the financial markets, including bitcoin, given that it is just a few days away. Previous interest rate hike trends and the fact that inflation remains a prominent threat have led to a negative outlook for the FOMC meeting. It is expected that another Fed interest rate hike is on the horizon, which will no doubt have a profound effect on the crypto market. FOMC Meeting Draws Near The next FOMC meeting will take place on November 1-2 according to the official schedule. It happens around once every one to two months and is important as this is....
Bitcoin and the rest of the crypto market have been in a festive mood in response to the U.S. Federal Reserve’s interest rate hike, sending both Bitcoin and Ethereum climbing in prices. The Fed’s announcement has sent Bitcoin’s price up by 5%. As of this writing, Bitcoin is trading at $22,837, up 7 percent in the last 24 hours. More so, Ethereum’s price also spiked by 11.6%; hitting $1,550, data from Coingecko show, Thursday. In fact, the entire crypto market is on a positive outlook with the total crypto market cap at $1 trillion. Bitcoin was down the past week with its....
While the Bitcoin communities are getting too indulged in blaming Evolution Marketplace for the recent $50 crash, it seems they must be prepared for even more deflationary actions by the end of this year. The words may seem a little conspired, but nonetheless they have been truly constructed out of the dotty forecasts of Federal Open Market Committee (FOMC). The US central banking system recently published a press release in which it discussed the possibilities of spiking interest rates sometime this year if, by any chance, they see any further improvements in the labor market and the....
The FOMC meeting was concluded on Wednesday and the Fed had finally made its decision public. As expected, there was another interest rate hike but surprisingly, the crypto market did not respond as expected. Instead of wild volatility, digital assets in the space were able to hold on to their gains for last week, sparking […]