Fed

As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts, the upcoming U.S. non-farm payroll report and Friday’s GDP data will play crucial roles in shaping Bitcoin market sentiment. Notably, these economic indicators are expected to offer greater clarity on whether the Federal Reserve will commence a rate-cutting cycle in…

The post Fed Chair Powell’s ‘Time Has Come for Rate Cut’ Fuels Crypto Rally appeared first on Coinpedia Fintech News Today, August 23, 2024, Federal Reserve Chair Jerome Powell’s speech at Kansas City has turned the overall cryptocurrency market green. Powell’s speech strongly indicates that interest-rate cuts are coming. Powell’s Signal on Interest Rate Cuts Following the speech, the overall cryptocurrency and US Stock markets have rallied significantly. In his speech, Powell stated, “The time has come for policy to…

The post Bitcoin Price Surges Towards $62k as Fed Chair Jerome Powell Declares ‘Time for Policy Adjustment’ appeared first on Coinpedia Fintech News Federal Reserve Jerome Powell outlined the Federal Reserve’s next steps for monetary policy in his speech on Friday morning at the Jackson Hole Economic Symposium. This annual event in Wyoming serves as a critical platform for central bankers to discuss potential policy shifts, and Powell’s address could have significant implications for global markets. Investors are particularly eager…

The post Bitcoin’s Path to Recovery with Fed and Jackson Hole News – These Altcoins Poised to Big Rise Alongside It appeared first on Coinpedia Fintech News Recent developments from the Fed and news from Jackson Hole are shaping the landscape for Bitcoin’s resurgence. Savvy investors are keenly watching potential breakout altcoins that could see significant gains alongside Bitcoin’s recovery. Discover which lesser-known digital assets might ride the wave of growth sparked by these crucial economic updates. CYBRO Raises Over…

The post Crypto Friendly Customers Bank Received FED Warning-Is This the End for Crypto’s Banking Ally? appeared first on Coinpedia Fintech News Customers Bank, one of the last of crypto friendly American banks has been warned by the Fed. The Federal Reserve, which controls the U.S. money system, has taken action against the bank because they’re not happy with how the bank handles risks and fights against money laundering .This is a big deal, especially because Customers Bank is a…

The post Emergency FED Meeting: Will a 50 Basis Point Cut Save the $13 Trillion Market from Collapse? appeared first on Coinpedia Fintech News The U.S. Federal Reserve (FED) has just called an emergency meeting as global markets are in total chaos right now. The big guess is that they’ll cut interest rates by 50 basis points. This could be a huge move to stop the financial mess. In just a week, the Japanese yen has crashed by 13%. Meanwhile,…

The post Emergency Fed Rate Cut: What It Means for Bitcoin and the Global Crypto Market appeared first on Coinpedia Fintech News In response to a severe global crypto market crash, the U.S. Federal Reserve (Fed) has called an emergency meeting today. This decision comes as Japanese markets face a substantial collapse, with the Japanese yen plummeting by 13%, and other Asian markets, including Korea and Taiwan, seeing declines of nearly 10%. Bitcoin has also been hit hard, experiencing an…

The post Crypto Market Crash: Early Signs of Recession as Fed Maintains Tightening appeared first on Coinpedia Fintech News Crypto is down due to the Fed delaying rate cuts, heightened tensions in the Middle East, and a lower likelihood of “crypto president” Donald Trump being elected in November. Austin from Altcoin Daily highlights an alarming crash scenario looming on the horizon. Over $2.9 trillion has been wiped out from the stock market, marking the worst single-day loss since the 2020…

In the wake of the highly anticipated address by Federal Reserve Chair Jerome Powell, Bitcoin (BTC) maintained a steady course on Wednesday as the Fed opted to keep interest rates unchanged at 5.25%-5.50%.  Crypto Market Awaits Fed’s Next Move Powell, speaking at a press conference in Washington DC, hinted at the possibility of rate reductions in September, contingent upon the economic performance in the weeks leading up to that month. “We’ve made no decisions about future meetings and that includes…