DOT rallies 12% in a day as Polkadot gears up to solve a major blockchain hacking problem
But the token still risks falling by more than 30% based on a classic bearish continuation setup. Go to Source Powered by WPeMatico
Federal Reserve
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US Central Bank Raises Rates by Half a Percentage Point, Fed’s Powell Says Similar Hikes Are on the Table
The U.S. Federal Reserve raised the benchmark interest rate on Wednesday and the increase was the biggest rate hike in two decades. “Inflation is much too high,” the central bank’s chair Jerome Powell said after the Fed raised rates by 0.5%. FOMC Decides to Hike Rate by 3/4 to 1% — Increase Was the largest … Read more
Bitcoin wobbles around $39K as Fed confirms up to 1% key rate target next
So far, so good for markets pricing in a 50-basis-point hike from the Fed, with Chair Jerome Powell still to speak. Go to Source Powered by WPeMatico
Fed hikes interest rates by 50 basis points in effort to combat inflation
The May Federal Open Market Committee policy meeting concluded with the largest single rate hike in over two decades. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher Ahead of Today’s Rate Decision
Bitcoin was trading marginally higher on Wednesday, as crypto markets returned to the green ahead of the Fed meeting. ETH also rebounded in today’s session, moving away from its long-term support level in the process. Bitcoin BTC was trading higher on Wednesday, as bulls re-entered the market ahead of today’s Federal Reserve rate decision. Following … Read more
BTC price gains 4% pre-Fed as MicroStrategy vows to protect Bitcoin from $21K crash
Worries over capitulation see MicroStrategy give away key insights into what it would do should Bitcoin price strength deteriorate. Go to Source Powered by WPeMatico
Bitcoin funds saw largest single week of outflows since June 2021
“It is difficult to ascertain the precise reason for this other than the hawkish rhetoric from the US Federal Reserve and the recent price decline,” CoinShares wrote. Go to Source Powered by WPeMatico
Bitcoin nervously awaits Fed as Paul Tudor Jones says ‘clearly don’t own’ stocks, bonds
“You can’t think of a worse macro environment” than right now, Tudor Jones tells mainstream media ahead of the Fed’s presumed rate hike confirmation. Go to Source Powered by WPeMatico
Weiss Ratings issues warning over crypto mortgage risks
Weiss analysts are wary over the usage of volatile crypto assets as collateral for long-term property loans. Go to Source Powered by WPeMatico
Fed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this week
The U.S. central bank will make what is becoming a monthly dictation of what markets do this week with a new rate hike announcement. Go to Source Powered by WPeMatico
