Federal Reserve

Auto Added by WPeMatico

Bitcoin’s Mathematical Monetary Policy Is Far More Predictable Than Gold and Fiat Currencies

by

This past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block subsidy halving is expected to occur on or around April 20, 2024, as there are less than 91,000 bitcoins left to mine until that point. … Read more

Federal Reserve Governor Supports More 75bps Rate Hikes Citing ‘Significant Risk of High Inflation Into Next Year’

by

Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of high inflation into next year for necessities including food, housing, fuel, and vehicles.” The Fed governor also noted that crypto assets “could benefit from more … Read more

Bitcoin Price Tests Support at $22.8K, Crypto Market at a Standstill

by

After rising to the $23k level and peaking at $24.6k last week, Bitcoin’s price has been testing support as the global cryptocurrency market continued to trade sideways. With the Solana news breaking yesterday, Bitcoin’s price slid to the $22.8k level again, erasing last week’s gains. Understandably, Bitcoin is seeing bearish momentum, as the Solana hack … Read more