Tag Archives: federal reserve

About The Book:Your Money and the World: How to Spend, Save, Donate and Invest Sustainably. Winner of the SKBI Prize for Sustainable Finance Literacy as part of the Money Awareness and Inclusion Awards (MAIA). Cecile Biccari, sustainable investment expert helps young readers understand how money works—and how spending, saving, donating and investing can change the world. Financial literacy is an important skill in life. At around the age of seven, children develop attitudes and beliefs about...

About The Book:Your Money and the World: How to Spend, Save, Donate and Invest Sustainably. Winner of the SKBI Prize for Sustainable Finance Literacy as part of the Money Awareness and Inclusion Awards (MAIA). Cecile Biccari, sustainable investment expert helps young readers understand how money works—and how spending, saving, donating and investing can change the world. Financial literacy is an important skill in life. At around the age of seven, children develop attitudes and beliefs about...

The United States Federal Reserve announced a third consecutive rate cut, this time by 25 basis points. Unlike the previous such occasions in the past few months, bitcoin and the rest of the crypto market headed south immediately and violently. Perhaps the reason for this lies in Fed Chair Jerome Powell’s words as he hinted that the central bank might halt its current policy of reducing the key interest rates due to the alarming CPI data that came out for November and...

Federal Reserve Chairman Jerome Powell has dismissed the idea that Bitcoin could replace the U.S. dollar, likening the cryptocurrency to gold as a speculative asset rather than a store of value. Powell shared these views during his appearance at The New York Times DealBook Summit in Manhattan. Powell’s Argument When asked whether Bitcoin’s popularity reflects a lack of faith in the U.S. dollar or the Federal Reserve, Powell said, “I don’t think that’s how people think about...

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...