Tag Archives: us fed

Following the Fed interest rate pause announcement, the price of BTC broke major price support, raising concerns about a continued decline. The Federal Reserve announced on Wednesday that it would maintain its interest rate at 5.25%, marking the first time since January 2022 that the rate would remain unchanged. According to the Fed, the inflation rate appears to be decreasing, and it wants to see whether previous rate increases were sufficient to slow price increases. However, it was...

IMF director Kristalina Georgieva highlighted the stability of lending while urging the US Federal Reserve to consider further actions in response to an uncertain economic climate. In a recent interview with CNBC, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), said that lending remains strong despite the uncertain economic environment affecting banks. Georgieva’s remarks come as a reassuring voice amid concerns over the stability of lending in the...

Bitcoin price doesn’t look very optimistic now as it is below $5,000 again. However, just recently after the news about the rate cut from teh Fed, it was gaining massively.Bitcoin price went up after the U.S. Fed announced a massive rate cut. Sources say that this occurred late on Sunday as global economies were still reeling from the effects of the COVID-19 situation. It also reportedly came with a $700 billion stimulus program to protect the U.S. economy from the effects of a global...

Topmost cryptocurrency expert and co-founder of top cryptocurrency exchange BTCC Bobby Lee made some bullish predictions for Bitcoin in the mid-term to long-term sources indicate. Lee made this known via a couple of tweets which indicated his stance on how the current topmost cryptocurrency will fare within the next eight years.According to Lee, Bitcoin will hit a market capitalization of $8 trillion. With Bitcoin’s market capitalization at just about $160 billion, while that of gold is about...