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The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and for those with limited ability to adjust to a … Read more
Ethereum climbed to a two-week high on Thursday, as markets continued to react to yesterday’s Fed decision. As expected, the Federal Reserve increased interest rates by 0.25%, whilst providing forward guidance for future hikes. BTC was once again trading above $40,000. Bitcoin BTC was trading above $40,000 for a second consecutive session, as bullish pressure … Read more
But a near-perfect correlation between Avalanche and Bitcoin so far this year could spoil the bullish outlook. Go to Source Powered by WPeMatico
On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the ongoing Russia-Ukraine war. Powell announced that the FOMC decided to increase the benchmark bank rate by a quarter percentage and further noted the Fed anticipates … Read more
Following days of consolidation, bitcoin rallied above $40,000 on Tuesday, which comes as markets prepare for today’s Fed meeting. ETH also climbed, moving away from its recent support point in the process. Bitcoin BTC finally broke out of its recent streak of price consolidation on Tuesday, as the world’s largest cryptocurrency climbed to almost a … Read more
“We are witnessing a drive to make financial risk a tawdry political issue,” said Sarah Bloom Raskin. Go to Source Powered by WPeMatico
But more inexperienced investors have been choosing to become long-term Bitcoin holders, limiting sell-side risks below $30,000. Go to Source Powered by WPeMatico
Bitcoin consolidates below $39,000 as one trader warns about a possible squeeze on the daily chart, while a nine-year support level continues to hold strong. Go to Source Powered by WPeMatico
The document does not announce any restrictive measures, but it will undoubtedly lay the groundwork for a more focused federal oversight. Go to Source Powered by WPeMatico
Cypherium is the only blockchain company featured in the FedNow Service Provider Showcase for now, the CEO told Cointelegraph. Go to Source Powered by WPeMatico
