The total amount of household debt in the US has surged to a new record level. In its Quarterly Report on Household Debt and Credit, the New York Fed says total household debt hit a 21-year high of $18.04 trillion at the end of Q4 2024. That’s an increase of $93 billion on a quarter-on-quarter […]
The post US Household Debt Shatters $18,040,000,000,000 As Delinquency Rates Surge, According To Federal Reserve Bank of New York appeared first on The Daily Hodl.
Institutions dumped huge amounts of Bitcoin in late December after its peak high, but they’re now back to buying with it below $100,000, says Blocktrends’ Cauê Oliveira.
Large Bitcoin holders are back to buying huge amounts of the cryptocurrency after its price dove toward the end of 2024 following a record six-figure high, says a Blocktrends analyst.
More than 34,000 Bitcoin (BTC), currently worth $3.2 billion, has been “accumulated by institutional investors, providing buying pressure for the current recovery in Bitcoin,” Blocktrends head of research Cauê Oliveira wrote in a Jan. 8 CryptoQuant post.
Oliveira explained the buyup came after wallets holding between 1,000 to 10,000 BTC dumped 79,000 BTC in the week after Dec. 21 — days after it hit a peak of over $108,000 on Dec. 17 amid the US Federal Reserve interest rate cut — which “ended up generating a 15% correction.”
Federal Reserve Chair Jerome Powell has dismissed the idea of the Fed holding bitcoin, emphasizing legal restrictions, as U.S. crypto policies and market dynamics rapidly shift. Why the Federal Reserve Can’t—and Won’t—Hold Bitcoin Anytime Soon Federal Reserve Chair Jerome Powell reiterated the central bank’s stance on bitcoin during a press conference Wednesday, following a rate […]
The price of Bitcoin is testing $100,000 after Fed Chair Jerome Powell issued a statement on the central bank’s ability to hold BTC. Powell took questions from reporters after announcing the Fed has lowered its key interest rate by a quarter percentage point in its third consecutive reduction. When asked if he sees any value […]
The post Bitcoin Price Drops As Jerome Powell Says Federal Reserve ‘Not Allowed’ To Hold BTC appeared first on The Daily Hodl.
U.S. Federal Reserve Chair Jerome Powell thinks Bitcoin (BTC) is more akin to gold than the US dollar. At the New York Times DealBook summit this week, Powell was asked whether the public’s interest in BTC represents a lack of faith in the US dollar. Says the Fed chair, “I don’t think that’s how people […]
The post Bitcoin (BTC) Competes With Gold, Not the US Dollar: Fed Chair Jerome Powell appeared first on The Daily Hodl.
An ex-bank examiner and senior manager at the Federal Reserve Bank of Richmond (FRBR) could spend decades behind bars for using confidential information to trade shares of US banks. The U.S. Justice Department (DOJ) says former FRBR senior official Robert Brian Thompson has pleded guilty to one count of insider trading and one count of […]
The post Senior Fed Official Pockets $770,000 in Insider Trading Scheme, Faces 25 Years in Prison: US Department of Justice appeared first on The Daily Hodl.
Based on current data, 24 days before the upcoming Federal Open Market Committee (FOMC) meeting, there’s a 52.7% likelihood of a quarter-point rate cut, according to CME Group’s Fedwatch tool. Markets Signal Mixed Messages Ahead of FOMC Meeting The U.S. Federal Reserve‘s federal funds rate outlook for December remains a toss-up. The odds of no […]
Donald Trump reportedly appears to have no problem with Federal Reserve Chair Jerome Powell serving the remainder of his term until May 2026. Trump appointed Powell during his first term but the two clashed several times leading to the then 45th US president threatening to remove the Fed Chair from office. Powell kept his post […]
The post Trump Appears Set To Keep Fed Chair Jerome Powell On Until His Term Ends in 2026: Report appeared first on The Daily Hodl.
The U.S. Federal Reserve gathered on Thu. for its Federal Open Market Committee (FOMC) session, where officials opted to trim the federal funds rate by a quarter-point. This announcement comes on the heels of Donald Trump’s election as the 47th president of the United States. “The economic outlook is uncertain, and the Committee is attentive […]
Bitcoin options and futures markets display moderate optimism after a new BTC all-time high, which could be indicative of new price highs.
Bitcoin (BTC) surged by 10.5% to hit a new all-time high at $75,350 from Nov. 5 to Nov. 6 following former US President Donald Trump's win in the 2024 election.
Despite the recent price fluctuations, the market is demonstrating a strong foundation that supports continued growth. Bitcoin derivatives highlight the robust improvement in sentiment and the absence of excessive leverage, which are essential for gains above $75,000.
Bitcoin 2-month futures annualized premium. Source: Laevitas.ch
