The Fed Cuts Rates by 25bps, Bitcoin Steady For Now
The Federal Reserve finally blinked. On Wednesday, as almost everyone on Wall Street had already predicted, the U.S. central bank trimmed the federal funds rate by 0.25%, lowering its target range to 4.00%–4.25%. The move came against a backdrop of souring economic data, nervous investors, and relentless political pressure from Donald Trump, who has made Fed-bashing as routine as his morning tweets.
A Politicized Fed Meets a Crypto-Hungry Market
The U.S. Federal Reserve is set to cut interest rates on Wednesday, a move that would normally send crypto bulls charging. But this time, the central bank isn’t just tweaking monetary policy — it’s being dragged into a political knife fight that could reshape its independence, with serious consequences for digital assets.
New Hope for Crypto-Friendly Era After Barr Resignation
Michael Barr’s decision to step down as the Federal Reserve’s Vice Chair for Supervision has sent ripples through the U.S. financial and cryptocurrency sectors.
Powell Reaffirms Fed’s Stance: No Bitcoin Holdings, No Plans for Change
Federal Reserve Chair Jerome Powell has reaffirmed the central bank's stance against owning Bitcoin, stating that current laws prohibit such holdings and that the institution has no intention of pursuing changes to these regulations.
Bitcoin Drops to $97,000 Following Fed’s Hawkish Stance
Bitcoin fell sharply below $98,000 on Thursday as the U.S. Federal Reserve’s surprisingly hawkish policy outlook weighed on the broader cryptocurrency market.
Bitcoin and Major Cryptos Plummet Following Fed’s Rate Decision and Powell’s Hawkish Commentary
Bitcoin, Ethereum, XRP, and Dogecoin saw rapid declines after Federal Reserve Chair Jerome Powell announced an interest rate cut but made Hawkish comments about 2025.
Bitcoin Rockets to $106K Before Retreating: Fed’s “Hawkish Rate Cut” in Focus
Bitcoin (BTC) smashed through the $107,000 mark to hit a new all time high earlier today. The euphoric climb was short-lived, however, as investors braced for a hawkish rate cut from the U.S. Federal Reserve, potentially dampening market enthusiasm for risk-on assets like crypto.
Bitcoin Surges Past $107,000 Amid Anticipation of Fed Rate Cut, Analysts Eye Broader Drivers
Bitcoin soared beyond the $107,000 mark on Monday, continuing its bullish momentum as the market focuses on the Federal Reserve’s expected interest rate cut. While the central bank’s move is seen as a significant macroeconomic event, analysts view it as a confirmation of market sentiment rather than the primary driver of Bitcoin’s latest surge.
Jerome Powell Says Bitcoin Is Competing With Gold, Not the Dollar
Federal Reserve Chair Jerome Powell took aim at Bitcoin on Monday, dismissing it as an unsuitable currency while likening it to "virtual gold," which is being seen as an endorsement of Bitcoin.
How The Fed Put a Hit on Facebook’s Libra
When Facebook (later Meta) announced its ambitious Libra project in 2019, it was pitched as a groundbreaking effort to revolutionize the global financial system. Spearheaded by David Marcus, a former PayPal executive, the project aimed to create a blockchain-based digital currency that would facilitate real-time, low-cost international transactions. However, the project ultimately failed to launch, and Marcus later described it as a "political kill."
December Rate Cut Not a Sure Thing
Federal Reserve Chair Jerome Powell was cautious in a speech late Thursday signalling that a December rate cut is not set in stone
Fed Cuts Interest Rates for First Time in Four Years
The U.S. Federal Reserve made its first interest rate cut in four years, lowering the benchmark federal funds rate by 50 basis points to a new range of 4.75% to 5.00%.
Bitcoin drops, as the Fed Gets Ready to Cut
Bitcoin dropped back below $58k with uncertainty spreading as the Fed finally gets ready to cut rates.
Federal Reserve Holds Rates Steady, Uncertainty Remains Over Future Cuts
Bitcoin dropped 2% to $65,122, following the Fed’s latest monetary policy meeting, rate cuts are still expected eventually, but uncertainty about a cut in September is growing.
Bitcoin Range-bound as Federal Reserve Maintains Steady Interest Rates
Bitcoin steady as the U.S. Federal Reserve opts to keep its benchmark fed funds rate range unchanged at 5.25% to 5.5% and ETFs continued to witness strong volume
Crypto Market Forecast: Week of December 5th 2022
A curated weekly summary of forward-focused crypto news that matters. This week, low unemployment numbers in the United States increase the likelihood of interest rate hikes, Sam Bankman-Fried prepares to testify in front of the House Committee on Financial Services, and sales of hardware wallets spike.
