Fed

Bitcoin (BTC) held above $66,000 after the Federal Open Market Committee’s (FOMC) decision on Wednesday. The Federal Reserve (Fed) decided to keep interest rates unchanged at 5.25%—5.50% for the eighth consecutive meeting. The Fed’s decision comes amid cautious optimism after indicating no rush to lower rates until it has gained greater confidence inflation is moving sustainably toward its 2% target.  Fed Leaves Interest Rates Unchanged The FOMC voted unanimously to keep its benchmark overnight borrowing rate between 5.25% and 5.50%.…

The post Bitcoin Faces Strong Selling Pressure, Liquidations Surge to $56 Million After Fed Meeting appeared first on Coinpedia Fintech News On Wednesday, Fed Chair Jerome Powell decided to keep rates unchanged at 5.25-5.5% while hinting at the likelihood of a 25 bps rate cut in September if inflation data for July comes on the expected lines. This development turned out to be a sell-the-news event as along with BTC, altcoins have also been facing strong selling pressure leading to…

The post Coinbase Insights: Q3 Crypto Market Prediction Amid Bitcoin Sales and Fed Rate Cuts appeared first on Coinpedia Fintech News Coinbase, in its weekly market commentary, noted that the Q3 started on a sour note with supply overhangs generated by indiscriminate Bitcoin selling from sources like the German government. While the size of the Bitcoin sales hasn’t been large relative to daily BTC spot volumes, it has put pressure on Bitcoin prices. However, today, the German Government has emptied…

The post Can Bitcoin Price Overcome Bearish Pressure Amid Upcoming FED Rate Cuts? appeared first on Coinpedia Fintech News The latest CPI reported unexpectedly low U.S. inflation. Core inflation fell 0.1 percent from 3.4 percent to 3.3 percent in June, the first drop in almost four years. Analysts see this as a bullish signal for Bitcoin, but the price isn’t rising. If the US central bank cuts interest rates, discouraging fixed-income investments, people will look for investments with higher returns.…

Bitcoin (BTC) price reacted to Federal Reserve chair Jerome Powell delivering the Semi-Annual Monetary Policy Report to the Senate Banking Committee on Tuesday. The address comes ahead of Thursday’s US Consumer Price Index (CPI) inflation data, which is expected to be a significant market mover this week. Bitcoin Tests $58,000 After Powell’s Fed Update Bitcoin may have to wait until Thursday for a significant reaction to the US macro news, which is one of the four fundamentals investors are watching…

Wall Street analyst Linda Jones suggests that Ripple could play a role similar to that of the Federal Reserve in a new financial system. Jones believes the BRICS coalition opposes central banks and the dollar’s dominance. Wall Street analyst Linda Jones has proposed that Ripple could function similarly to the Federal Reserve in a reimagined financial system. During a recent episode of the Good Morning podcast, Jones discussed the BRICS coalition’s efforts to break away from the dollar standard and…

Bitcoin's recent performance took a hit following the Fed's announcement on interest rates. With the 2024 bull run in motion, opportunities for short-term gains lie elsewhere. This article explores three promising altcoins poised for potential profits while Bitcoin cools down. CYBRO Presale: A One-in-a-Million DeFi Investment Opportunity CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition. Experts predict a potential…

Better than expected inflation data came out Wednesday morning and Bitcoin put on a spurt on the news. However, Federal Reserve Chairman Powell did his customary jawboning act in order to dampen market exuberance. Bitcoin fell back as a result. FOMC meeting ups and downs Markets were fairly nervy going into the Federal Open Market Committee meeting which began on Tuesday. On the day, Bitcoin fell as much as 5%, which was equivalent to a reversal of around $3,450.  On…

The post Fed Keeps Rates Unchanged at 5.25%, Defying Market Expectations appeared first on Coinpedia Fintech News The Federal Reserve announced on Wednesday that it would keep its key interest rate unchanged at 5.25% after a recent rise in inflation. However, this decision doesn’t align with the market expectations, which expected more significant cuts. The Fed has reduced its forecast from three rate cuts to just one rate cut in this year alone. Although recent data shows that inflation is…