Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves
On Thursday, July 4, 2024, the price of bitcoin fell below $57,000, reaching a low of $56,952 at 5:20 a.m. EDT. There is widespread speculation about the Mt Gox distribution…
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IMF Advises US to Keep Interest Rates Steady Through Late 2024
The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and…
US Senators Urge Federal Reserve to Cut Interest Rates — Warn Fed Policy Threatens Economy, Risks Recession
Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are…
Fed Governor Bowman Insists High Inflation Could Necessitate Future Rate Hikes
Inflation in the U.S. has remained persistent, experiencing increases in the first two months of 2024, prompting members of the U.S. Federal Reserve to exercise caution against premature rate reductions.…
Powell: Economy Progresses but Inflation Still ‘Too High’ to Adjust Benchmark Rate
On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized…
Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval
Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate the introduction of a central bank digital currency (CBDC). Powell…
Bitcoin price hits $39K as Powell stirs bets Fed rate hikes are over
Bitcoin reaches levels not seen since May 2022 amid an excited market reaction to the latest Fed inflation commentary.
Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens
Led by Chairman Jerome Powell, the Federal Reserve has halted the rise of interest rates. Will it be enough to fuel the surging market through Christmas?
BTC price climbs above $28.6K as Bitcoin awaits ‘very dovish’ Fed Powell speech
Bitcoin may witness a “very dovish” move from Powell as high U.S. bond yields cause a stir, while BTC’s price passes $28,600.
Bitcoin price clings to $30K as Fed’s Powell stresses more rate hikes
There’s no room for slacking when it comes to monetary policy tightening, Powell says, as Bitcoin takes a breather from yearly highs.
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