Fed Lowers Rates By 25bps: How Bitcoin And Crypto Prices Responded And What’s...
The Federal Reserve (Fed) announced its first interest rate cut of the year, leading to an immediate reaction in the cryptocurrency market. Bitcoin (BTC) experienced a notable decline, dropping below the $115,000 threshold shortly after the announcement. Expert Predicts Crypto Rally Fed Chair Jerome Powell addressed the current economic landscape, noting that while inflation has […]
Related News
Prices have been declining across the crypto market and with it has come to a lot of doubt on the part of investors. This is reflected in the deposit and withdrawal trends recorded across the various crypto exchanges. One of these has been the funding rates which had remained flat for the better part of the first half of 2022. However, there has now been some movement in the funding rates and it is unfortunately not for the better. Funding Rates Turn Negative Two leading crypto exchanges have seen negative crypto funding rates for the past week. Binance and ByBit consistently appear on the....
The Federal Reserve is positioned to raise interest rates for the third month in a row. What effect will this have on the recent bitcoin rally?
Crypto prices immediately came crashing down after Federal Reserve Chairman Jerome Powell announced they are increasing interest rates during an economic summit on September 21. Now, in a not-so-delayed reaction, the United Nations is calling on the U.S. central bank and other large western regulators not to continue raising their interest rates, a UN agency […]
Crypto prices plunged as the weekend commenced, following yesterday’s U.S. inflation report, which came in at a 40-year high of 8.6%. ETH fell to its lowest point in fifteen months, while BTC dropped below $29,000. Bitcoin Following days of consolidation, BTC finally moved late on Friday into Saturday, as crypto prices responded to the latest inflation report. Data from the United States showed that inflation came in at a 40-year high of 8.6%, which is higher than the 8.3% many had expected. As such, investors seem to have panicked, and in turn liquidated some of their positions in....
After an early-morning slump as the crypto market waited in anticipation for the Fed meeting, Bitcoin (BTC) prices bounced more than 7% to $58,000 from an intraday low of $54,000. The broader crypto market welcomed Fed Chair Jerome Powell’s words as he reinstated that interest rates would remain at current levels until 2023. Alongside BTC, Ethereum (ETH) and other altcoins rallied to pare this past weekend’s losses. Federal Reserve Maintains Near-Zero Interest Rates; What that […]