How The Fed’s Move Could Affect The Crypto Market
The Federal Reserve (Fed) had its January Federal Open Market Committee (FOMC) meeting on Wednesday and the crypto market tumbled afterward. The Fed’s move, although hawkish, wasn’t a complete surprise. As the Fed promises to modulate interest rates in order to achieve its goals of raising employment and getting price stability, investors responded with fear. Bond yields are climbing above pre-pandemic levels, thus affecting the traditional and crypto markets. Investors fear the Fed’s focus on getting inflation under control because the markets’ reaction is not a....
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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....
Cryptograffiti, one of Bitcoin’s most prolific artists discussed, his latest billboard project “Bitcoin Vs. The Fed.” The post Interview: Cryptograffiti On “Bitcoin Vs. The Fed” appeared first on Bitcoin Magazine.
How do the decisions of the United States Federal Reserve affect Bitcoin and the broader crypto markets? “The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss how the United States Federal Reserve and its chair, Jerome Powell, influence the crypto market.But first, the Cointelegraph experts analyze the latest news in the market. Will Bitcoin’s uphill battle continue? And will LUNA 2 be able to recover the losses of its predecessor?Next, market analyst Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH)....
September is usually a tricky month for Bitcoin. But this year, analysts say things look different. Bitcoin is already holding strong above $116K as the market waits for the Fed’s next move. Traders are calling it the start of ‘Uptober,’ a period when $BTC historically wakes up and pushes higher. Whether the Fed raises, cuts, […]
Bitcoin has gained 7% since the start of September, showing renewed strength after weeks of uneven price action. Yet, the market is bracing for heightened volatility in the coming days as attention shifts to this Wednesday’s Federal Reserve meeting. Investors widely expect a rate cut, but the size of the move remains the key question shaping sentiment. Related Reading: Three Whales Buy $205M Ethereum From FalconX: Institutional Flows Accelerate If the Fed opts for a 25 basis point cut, many analysts see it as a measured and healthy pivot that could support risk assets, including Bitcoin,....