Bitcoin price rises to $20.7K as Fed’s Powell says more rate hikes ‘appropriate’
Testimony from the Fed Chair provides no surprises while risk assets meander on the Wall Street open. Go to Source Powered by WPeMatico
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Is there a way for the crypto sector to avoid Bitcoin’s halving-related bear markets?
BTC’s high volatility and halving-related bear markets tend to drag down investment and interest in the entire crypto market. Can this be avoided? Go to Source Powered by WPeMatico
Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down
Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speaking during an interview on Sunday, Mester explained that while it will take two years, inflation “will be moving down.” A 2% … Read more
Ethereum analyst warns of ‘clean fakeout’ despite 30% ETH price rebound
One of Ether’s on-chain indicators signals the token has entered its bottoming out phase. Go to Source Powered by WPeMatico
$100K BTC Predictions, Peter Schiff on Recession and Bitcoin, Bill Gates Slams NFTs — Bitcoin.com News Week in Review
It’s been a week of polarizing opinion in crypto news. Whether it’s cryptocurrency fund managers predicting $100K bitcoin by the end of the year, Peter Schiff saying things “will only get worse as the recession deepens,” or Bill Gates slamming crypto and NFTs, citing the Greater Fool Theory, there’s been no shortage of spicy debate … Read more
Ethereum risks another 60% drop after breaking below $1K to 18-month lows
A 2018-like bearish cycle could have Ether drop toward $420 in the coming weeks. Go to Source Powered by WPeMatico
Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve
“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors,” said the Fed report. Go to Source Powered by WPeMatico
Ethereum sell-off resumes with ETH price risking another 25% decline in June
Ether price is forming a bear pennant pattern whose profit target comes to be near $850. Go to Source Powered by WPeMatico
US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994
The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations, the central bank will likely add another 1.5 percentage points by the year’s end. Fed Hikes Rate by 75 bps, Global Markets See Slight Rebound … Read more
Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation
BTC and altcoins generated nominal gains after the Federal Reserve raised the benchmark interest rate by 0.75%, the largest hike in 28 years. Go to Source Powered by WPeMatico