Bitcoin Blasts to $64,853—Powell’s Rate Cut Hints Lift Entire Crypto Market

August 23, 2024 Bitcoin.com

Bitcoin

Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3% increase in the past day, contributing to a 5.01% rise in the overall crypto market, which […]

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Bitcoin traders expect Fed Chair Powell to ‘pump our bags’ and BTC to target $80K+

May 13, 2024 Coin Telegraph

Bitcoin traders expect Fed Chair Powell to ‘pump our bags’ and BTC to target K+

Bitcoin Price

Historical Bitcoin performance data and investors' expectation that the Fed will “pump our bags” have traders anticipating a strong BTC price rebound.

Bitcoin (BTC) price rose 3% on May 13 as crypto traders anticipated price volatility ahead of this week’s U.S. macroeconomic data update.

Data from Cointelegraph Markets Pro and TradingView showed intraday BTC price high of $63,269 on Coinbase shortly after the Wall Street open on May 13.

This week, market participants await the United States inflation data to help determine whether the Federal Reserve will lower interest rates in 2024.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Stan Druckenmiller Slams Bidenomics — Advocates for Less Government to Boost Innovation

May 11, 2024 Bitcoin.com

Renowned investor Stanley Druckenmiller has criticized Bidenomics, stating that he would give it an F if he was a professor. “Treasury is still acting like we’re in a depression,” he said, adding that “they’ve spent and spent and spent.” Moreover, Druckenmiller stressed: “Now, you’ve got blockchain, you’ve got AI, you’ve got the whole thing. All […]

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$4,165,000,000 in Deposit Flight Hits New York Bank As Federal Reserve Chair Jerome Powell Warns More Lenders Will Collapse

March 15, 2024 The Daily Hodl

Daily Hodl

A New York-based bank is witnessing the exodus of billions of dollars in deposits amid an industry-wide warning from Fed Chair Jerome Powell. New York Community Bank’s (NYCB) new earnings report shows total deposits fell from $81.365 billion at the end of start of the year to $77.2 billion on March 6th – a drop […]

The post $4,165,000,000 in Deposit Flight Hits New York Bank As Federal Reserve Chair Jerome Powell Warns More Lenders Will Collapse appeared first on The Daily Hodl.

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Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval

March 7, 2024 Bitcoin.com

bitcoin.com

Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate the introduction of a central bank digital currency (CBDC). Powell Assures No Direct Fed Accounts in CBDC Plans, Seeks Congressional Go-Ahead In his conversation with the Senate Banking Committee, Fed Chair Jerome Powell explored the […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks

March 14, 2023 Bitcoin.com

asset-liability management

After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of the “Big Three” credit rating firms, Moody’s cited a “rapid deterioration […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Market Strategist Warns of ‘Blood’ on February 1 Ahead of Fed Meeting

January 29, 2023 Bitcoin.com

Analyst

Stocks, precious metals, and cryptocurrencies rallied during the first month of the year, and market strategists are saying that markets could retract in the near future if the U.S. Federal Reserve keeps hiking rates and maintaining a broader tightening policy. In three days, on Feb. 1, 2023, the Federal Open Market Committee (FOMC) is set […]

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Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes

January 9, 2023 Bitcoin.com

Analyst

The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate are intended […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Crypto Analyst Benjamin Cowen Details One Bullish Catalyst for Bitcoin (BTC) – But There’s a Catch

October 28, 2022 The Daily Hodl

Benjamin Cowen

A widely followed crypto analyst says that Fed Chair Jerome Powell’s tone during his next speech could serve as a catalyst that sparks a fresh Bitcoin (BTC) rally. In a new video update, popular crypto trader Benjamin Cowen tells his 771,000 YouTube subscribers that if Powell appears to extend an olive branch during his next […]

The post Crypto Analyst Benjamin Cowen Details One Bullish Catalyst for Bitcoin (BTC) – But There’s a Catch appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency

October 2, 2022 Bitcoin.com

bitcoin.com

A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency is adopted. The bill further states: “No central bank digital currency shall be considered legal tender under section 16 5103 of title 31, […]

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