Fed Decision Looms Over Financial Markets, Is Bitcoin Safe?
Bitcoin and the entire crypto market are currently waiting with bated breaths to see the outcome of the FOMC meeting. The United States Federal Reserve Open Market Committee (FOMC) meeting began on Nov. 1 and the market now waits patiently for the decision of the Fed. In the last couple of months, the FOMC meeting […]
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The coming week concentrates macro and protocol-specific catalysts into a tight window, with the Federal Reserve’s FOMC decision and several high-profile project events landing between December 10 and 12. #1 Crypto On Alert: Fed’s Dec. 10 Rate Decision The US Federal Reserve’s FOMC interest rate decision on Dec. 10 looms as a key macro catalyst […]
There has been a lot of talk about investors looking to Bitcoin as a safe haven for their investment portfolio. Safe haven markets are very small and hard to get into. Bitcoin may not fit that bill as perfectly as some people think it does. Now that the Brexit doom scenario has happened, there is a lot of uncertainty across the markets. Gold is surging,....
Here's a look at what we are focusing on in the bitcoin price this morning. Right then. A fresh week is here in the bitcoin price, and we are hoping for a replication of last week’s volatility. This week, things should start to settle down from a fundamental perspective. There was a lot going on last week politically, and political uncertainty always filters through to the markets – that is, the financial asset markets. It’s really too early to tell whether or not this sort of impact will translate to sentiment shifts in crypto. Yes, we’re closing in on a decade of maturation, but even....
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000. Bitcoin (BTC) underwent a weak rebound on Sep. 21, and the U.S. dollar jumped to a new yearly high as investors await today's Federal Open Market Committee's interest rate decision.BTC price hold $19K ahead of Fed decisionBTC's price has managed to cling on to $19,000 with a modest daily gain of 1.33% . Meanwhile, the U.S. dollar index (DXY), which measures the greenback's strength versus a pool of top foreign currencies, rose to 110.86, the highest level in twenty years.BTC/USD vs.....
China is seemingly buying up a lot of Bitcoin and alternative currencies like gold right now. The devaluation of their currency has been slashed over the course of the past month. The country’s Foreign Exchange Commission has ordered financial institutions to increase its checks and balance controls for capital outflow. Currency wars in the region have led to a massive monetary dump as China’s Black Monday looms and looks to a very rough financial week. This has sparked an interest in alternative currency vehicles and China’s buying volume in Bitcoin has increased. Chinese exchanges are....