Tag Archives: federal reserve

Things change fast in the cryptocurrency industry. In the span of seven days, the market shifted completely, with the sentiment escaping the fear zone. The total capitalization also soared, adding a whopping $165 billion in the process. But what happened? Well, let’s dive in. First things first, it’s important to note that BTC’s price is currently trading above $26K, reaching highs last seen nine months ago in June 2022. This marks a 30% increase, and it comes on the back of...

European regulators and policy experts are dismayed by how American watchdogs handled the collapse of Silicon Valley Bank last weekend.Certain policymakers take issue with the Fed’s “systemic risk exception,” which they believe could undermine the credibility of banking globally.  Critiques of the Bailout According to the Financial Times, a senior eurozone official said the Federal Reserve showed “total and utter incompetence” in its response to SVB’s failure, turning its...

Jeffrey Gundlach – an American businessman and Founder of DoubleLine Capital – thinks the US Federal Reserve will raise interest rates by 25 basis points next week.  According to him, this will be the last hike, believing the central bank will switch to other inflation-fighting efforts. The End of the Fed’s Hike Policy? In a recent interview for CNBC, Gundlach (better known as the “Bond King”) predicted that the Federal Reserve will impose a small rate hike on March 22 amid...

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The past seven days turned into a bloodbath across the entire cryptocurrency market, which dropped below $1 trillion in terms of total capitalization. This happens for the first time since January 14th. The decline comes on the back of a lot of negative macroeconomic developments, so let’s unpack. First things first, Bitcoin’s price is trading around $20,000, albeit slightly below it at the time of this writing. The intraday low sits at $19,549 on Binance and BTC is down...

It’s safe to say that Bitcoin’s price has seen better days. The cryptocurrency fell below $20,000, reaching an intraday low at around $19,791 (on Binance) and charting a decline of around 8% in the past 24 hours alone. Source: TradingViewThat said, the move didn’t come without its catalysts, so let’s have a look at five potential reasons why it happened. Silvergate Bank On March 2nd, Silvergate Bank – a financial institution that used to serve a myriad of crypto heavyweights...

The Bitcoin price has picked up some steam throughout the past few minutes, and the primary reason for this seems to be the fact that Jerome Powell is testifying before Congress. The  Chairman of the US Federal Reserve, Jerome Powell, is testifying before congress for the second day today. Addressing the House Financial Services Committee in remarks, the Chairman admitted that inflationary pressure is higher than they had previously anticipated. … inflationary pressures are...

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The President of El Salvador – Nayib Bukele – disclosed that the country’s tourism sector has increased by 95% since it embraced bitcoin as an official means of payment. He criticized some central banking institutions, including the Federal Reserve, claiming their policies have washed out a big chunk of people’s savings. As such, Bukele expects a lot of individuals from the West to focus on decentralized financial instruments. ‘We Get Some Rebranding’ El Salvador’s political...