Will This Week’s Economic Events Rattle Crypto Markets?
The highlights of the economic week ahead are the Federal Reserve meeting minutes and a big earnings report from semiconductor giant Nvidia. There are also reports on global manufacturing and…
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US Lawmaker Introduces Bill to Dismantle Fed’s Board of Governors and Abolish the Central Bank
Following the policymaker’s survey, U.S. Representative Thomas Massie (R-Ky.) announced the introduction of H.R. 8421, known as the “Federal Reserve Board Abolition Act.” This legislation aims to dismantle the Board…
Tens of Thousands Show Overwhelming Support for Abolishing the Fed, US Policymaker’s Poll Reveals
On May 15, Thomas Massie, a Republican member of the United States House of Representatives, posted on X, inquiring whether he should introduce legislation to abolish the U.S. Federal Reserve.…
Bitcoin Price Shoots Up to 10-Day Peak as $1 Billion in BTC Leaves Coinbase
Bitcoin’s price went on a roll in the past few hours after the US CPI announcement and following a massive BTC outflow from Coinbase. Although the recipient of those 16,021…
Bitcoin (BTC) Rises Toward $64K as April US CPI Numbers Came Out
TL;DR The price of Bitcoin rose 4% to nearly $64,000 as the Consumer Price Index (CPI) met expectations. Anticipation of the Federal Reserve potentially easing its anti-inflationary measures has fueled…
Bitcoin (BTC) Price Poised for Rally with Anticipated US Interest Rate Cut?
Bitcoin is likely to remain within the current trading range until a more favorable macroeconomic environment arises. Taking into account the current market conditions, such as profit margins, leverage, and…
This Week’s US Inflation Reports Are Expected to Shake Crypto Markets
Crypto markets remained flat over the weekend following a fall last week, dropping total capitalization to $2.38 trillion. This week’s economic calendar could induce more volatility as key inflation data…
Stan Druckenmiller Slams Bidenomics — Advocates for Less Government to Boost Innovation
Renowned investor Stanley Druckenmiller has criticized Bidenomics, stating that he would give it an F if he was a professor. “Treasury is still acting like we’re in a depression,” he…
Bitcoin Price Recovers After Fed Announces No Rate Hike At FOMC
The Federal Reserve decided to maintain its benchmark interest rate of 5.25%% to 5.5% at the highly anticipated Federal Open Market Committee Meeting (FOMC) on Wednesday, following a fearsome 6%…
Where Will Wild Week of Economic Events and Fed Rate Decision Drive Crypto Markets?
The US economic calendar is brimming with activity this week, with the Federal Reserve reacting to rising PCE, PPI, and CPI inflation data. Moreover, the central bank’s decision and upcoming…
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