Federal Reserve official: Stablecoin growth is ‘exponential,’ deserves ‘attention’
Boston Federal Reserve President Eric Rosengren notes that Tether could be a “disruptor” to short term credit markets. Go to Source Powered by WPeMatico
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Bitcoin, dollar plunge while S&P 500 rallies after US inflation hits 3-decade high
Data on Friday showed core personal consumption expenditure in the US surged to 3.42% year-over-year for the first time since 1991. Go to Source Powered by WPeMatico
Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K
Bitcoin flashes a classic bearish technical pattern that could crash BTC prices to below $20,000. Go to Source Powered by WPeMatico
China’s 3rd largest bank ‘rugs’ BTC: 5 things to watch in Bitcoin this week
A statement threatening account closures for crypto activity causes mayhem before being deleted minutes later as FUD rules supreme on Bitcoin markets this week. Go to Source Powered by WPeMatico
Minneapolis Fed President Neel Kashkari calls DOGE a ponzi
The central banker previously referred to cryptocurrencies as a “giant garbage dumpster.” Go to Source Powered by WPeMatico
Bitcoin pinned below $38K as investors stash record $756 billion with Fed
Bitcoin bulls ducked for cover as the Federal Reserve started paying interest rate returns on cash deposits via its reverse repurchase program. Go to Source Powered by WPeMatico
Mirror Protocol silently rallies 30% overnight despite crypto market slump
The decentralized finance protocol’s native token MIR jumps over 30% overnight as traders’ attention shifts to its protocol upgrade and Gemini listing. Go to Source Powered by WPeMatico
Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation
The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain,” the Federal Open Market Committee (FOMC) said in a statement. The … Read more
Bitcoin price falls after Fed shifts interest rate hikes forward amid inflation fears
Stock markets and Bitcoin price took a slight hit after the Federal Reserve announced plans to increase interest rates twice in 2023, a tad bit earlier than markets expected. Go to Source Powered by WPeMatico
98% of CFOs say their hedge fund will invest in Bitcoin by 2026: Study
The survey results coincide with U.S. inflation climbing to the highest levels since 1992. Go to Source Powered by WPeMatico
