A Big Glitch Appears in Bitcoin Bullish Bias: Rising Rate Hikes Bets

The gains accompanied a sharp overnight spike in the number of Bitcoin whale addresses. Bitcoin (BTC) extended its gains, hitting nearly $45 thousand on March 1 as interest rate speculators reduced their bets on aggressive rate hikes in 2022 and the number of whale addresses spiked amid speculations that BTC is proving itself as an apolitical safe-haven.Traders reduce half-point bets for MarchBTC's price surged more than 4% to reach nearly $45,000, a day after recording its biggest one-day increase since February 2021 as a flurry of sanctions on Russia, including a ban from accessing the....

On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central bank’s third rate increase after increasing the benchmark rate by 50 bps last March. Fed Hikes Rate by 75 bps for a Second Time in a Row to Tame Inflation, Central Bank Says ‘Inflation Remains Elevated’ With inflation scorching hot in America, the U.S. Federal Reserve has raised the federal funds rate once again, increasing it by 75 bps on Wednesday afternoon at 2:00 p.m.....

Federal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary pressures plaguing the U.S. economy subsides. Waller stressed that until inflation is reduced he doesn’t “see the point of stopping” 50 bps rate hikes. Furthermore, statistics from the U.S. Bureau of Economic Analysis show that American savings have plummeted to levels not seen since the ‘Great Recession’ in 2008. Christopher Waller Advocates for 50 Bps Rate Hikes at Every Fed Meeting Until Inflation Is Under Control....

Federal Reserve Chairman Jerome Powell says that it is “very premature” to think about pausing rate hikes. “We have a ways to go,” he stressed. However, economist Peter Schiff warned that “Planned rate hikes and QT will only succeed in crashing the economy, not bringing down inflation.” Fed Chair Powell Says ‘Very Premature’ to Talk About Pausing Interest Rate Hikes Fed Chairman Jerome Powell clarified during a news conference on the central bank’s economic outlook Wednesday that the Fed is not thinking about pausing its rate hikes. The....

The U.S. economy has been struggling with inflation running rampant and investors are eagerly waiting for the U.S. Federal Reserve to announce the next federal funds rate hike next month. Harris Kupperman, the founder of the hedge fund Praetorian Capital, believes the onslaught of Fed rate hikes could very well “blow up the Treasury.” Furthermore, amid the gloomy macro trends, the chief marketing officer at Fluid Finance, Jessica Walker, says the failing economy and floundering fiat currencies reveal the true benefits of cryptocurrencies. Praetorian’s Harris Kupperman....