Bitcoin price hits $70K as spot and BTC ETF buying surges
Analysts believe Bitcoin price is en route to new highs now that the recent consolidation phase has come to an end. Go to Source
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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 of Governors of the Federal Reserve and close its branches across the continental United States. Federal Reserve Board Abolition Act Resurfaces Two days ago, Massie, … Read more
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. The poll garnered over 115,000 votes, with a significant 86% majority opting to “end the Fed.” Rep. Thomas Massie Questions Introducing Bill to Abolish U.S. … Read more
Bitcoin traders expect Fed Chair Powell to ‘pump our bags’ and BTC to target $80K+
Historical Bitcoin performance data and investors’ expectation that the Fed will “pump our bags” have traders anticipating a strong BTC price rebound. Go to Source
Bitcoin price shows strength as investors anticipate return of money printing
Bitcoin rallies as central bank stimulus packages become more common, and the Fed’s signal of “higher for longer” interest rates aligns with investors’ market view. Go to Source
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 said, adding that “they’ve spent and spent and spent.” Moreover, Druckenmiller stressed: “Now, you’ve got blockchain, you’ve got AI, you’ve got the whole thing. All … Read more
Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes
This week’s 12% Bitcoin retreat was a “well-needed market cleansing,” said the former BitMEX boss. Go to Source
Jerome Powell’s pivot heralds a boring summer for Bitcoin
The Federal Reserve isn’t sticking with the schedule of interest rate cuts it predicted earlier in the year. That makes navigating the market more challenging. Go to Source
Custodia Bank takes case to higher court after March setback
Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account. Go to Source
Uncertainty Over Fed Rate Cuts Intensifies With Sticky Inflation Metrics
As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in June is unlikely, with odds standing at 50-50 for a reduction in July. Financial Analysts Question Timing of … Read more