Why is Ethereum (ETH) price up today?
Ethereum’s price is up today with most options traders anticipating a run toward $3,500-$4,000 before April 2023. Go to Source Powered by WPeMatico
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Macroeconomic data points toward intensifying pain for crypto investors in 2023
Chances of a crypto bull market in 2023 decrease as the Fed maintains a hawkish stance and threats of a recession in the U.S. economy continue to appear. Go to Source Powered by WPeMatico
Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year
The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases codified during the last few months. The FOMC’s rate hike follows the recent U.S. inflation report which indicated … Read more
‘Biggest week of the year’ — 5 things to know in Bitcoin this week
Bitcoin price action, sideways since FTX, could see snap volatility thanks to the “most important” CPI print of the year. Go to Source Powered by WPeMatico
Bitcoin sees worst monthly close in 2 years as traders watch $16.7K
BTC price action strengthens into the November monthly candle close, but traders are already warning over getting too “cocky” on Bitcoin. Go to Source Powered by WPeMatico
The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise
The U.S. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds rate (FFR) by 75 basis points (bps). The American central bank said on Wednesday that the hike aims to curb inflation and the Fed says “recent indicators point to modest growth in spending and production.” U.S. … Read more
BTC price sees ‘double top’ before FOMC — 5 things to know in Bitcoin this week
Concerns that Bitcoin may have already topped come as volatility is expected around the Fed rate hike decision and comments. Go to Source Powered by WPeMatico
Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed Will Pivot in December
According to recent reports close to central bank officials, the U.S. Federal Reserve will likely deliver another interest rate hike by roughly 75 basis points (bps) next month. Moreover, markets are predicting another rise by three-quarters of a point, and CME’s Fedwatch Tool indicates there’s a near-certain (98%) chance the central bank will choose a … Read more
Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’
Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank governor Tiff Macklem explained that “reasonably good harvests” will contribute to reducing food inflation. The day before Macklem’s statements on CBC Radio, Canadian columnist … Read more
What is the economic impact of cryptocurrencies?
Cryptocurrencies spur financial inclusion, protect against inflation and enhance the global economy despite the recession. Go to Source Powered by WPeMatico