Tag Archives: federal reserve

In the first FOMC meeting after the November US presidential elections, the nation’s central bank cut the interest rates by 25 basis points, which was what the market and experts anticipated. Bitcoin’s price, which is typically very susceptible to US-related news, was already at all-time high levels of just shy of $77,000 and remained relatively still. It has been a big week for the world’s largest economy as the nation elected a new president on Tuesday, who presents an...

It was a big week for financial markets and the global economy as the central bank of the world’s strongest economy pivoted from its monetary policy and reduced the key interest rates by 0.5%. As such, it’s worth reviewing how local investors behaved when it comes down to their interactions with spot Bitcoin and Ethereum ETFs. BTC ETFs on the Inflow Side CryptoPotato reported on Wednesday that US investors were on a shopping spree for the spot Bitcoin ETFs. In the four...

The Federal Reserve announced on Wednesday that it will lower its benchmark interest rate by 50 basis points, marking the central bank’s first cut since the start of the COVID-19 pandemic. Immediately after the announcement, Bitcoin’s price rocketed back above $60,000, while the S&P500 shot up by 0.7%. The central bank said it has gained ‘greater confidence” that inflation is heading back down to 2%, even though it remains somewhat elevated. “Job gains have slowed, and...

While bitcoin (BTC) faces local resistance levels, the crypto asset is experiencing a rally driven by aggressive spot market activity. According to a Bitfinex Alpha report, on-chain metrics suggest bitcoin’s momentum is currently bullish. This outlook is also reinforced by rising inflows into the United States spot Bitcoin exchange-traded funds (ETFs), signaling growing confidence among retail and institutional investors. Spot Activity Drives Bullish Momentum Bitcoin’s...

Typically, a greater flow of new dollars to target lower interest rates inflates the prices of equities and fixed-income bonds. Since the advent of cryptocurrencies, financial markets have found that this new asset class is especially responsive to interest rates and bears an inverse correlation to them. Correlation Spotted: Bitcoin and Interest Rates A recent report from the Fidelity Active Investor Learning Center notes, “While central banks do not control cryptocurrencies,...

Bitcoin dumped hard on Monday but the bulls are back in control now as they propelled a massive rally that resulted in BTC tapping a 3-week peak above $61,000. This comes at a particularly intriguing time as the US Federal Reserve is expected to cut the key interest rates tomorrow or the next day for the first time in years. Bitcoin/Price/Chart 17.09.2024. Source: TradingViewThe last time BTC traded this high was in the middle of August, when its price plummeted from over...

Bitcoin-skeptic Elizabeth Warren (D-Massachusetts) and other Democratic senators sent a letter to the Federal Reserve on Monday calling for far more aggressive rate cuts than the market expects. “We write today to urge the Federal Reserve (Fed) to cut the federal funds rate, currently at a two-decade-high of 5.3 percent, by 75 basis points (bps) at the Federal Open Market Committee (FOMC) meeting on September 17 and 18, 2024,” the senators wrote. “Too Late” To Cutting Rates...

The number of Bitcoin addresses depositing into exchanges has dropped to 132,100. According to insights published on CryptoQuant by analyst CryptoOnchain, this is a figure last seen in 2016. Decreased Selling Pressure This metric, which tracks the number of addresses sending inflow transactions to exchanges, suggests a decrease in selling pressure as fewer investors are moving their BTC to trading venues for liquidation. This reduced sell-off activity follows bitcoin’s recent...

Over the past month or so, Bitcoin has fallen while the Nasdaq and S&P 500 have gained. Will the bulls be back after the spigots turn up the overnight cash markets? Bitcoin is down by 6% over the 30 days ending Friday, Sept. 13, while the Nasdaq Composite is up 3.7% for the month’s trades and the benchmark S&P 500 Index is up 4% over the same period. So what gives with Bitcoin? Is Wall Street putting bearish selling pressure on crypto prices with outflows from the...

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