Poor jobs data is raising fears for the US economy. While the Fed is likely to cut rates by a quarter point this month, it may be too late. Bitcoin and Ethereum fell 4.2% and 5.3% respectively on Friday. Poor economic data is reviving fears about the weakness of the US economy — and markets … Read more
Fed targets United Texas Bank for serving crypto customers The bank alleged “significant lapses” in its adherence to anti-money laundering laws. The management of the company consented to the cease and desist order. United Texas Bank, one of a handful of domestic lenders still banking on crypto firms in the United States, has drawn the … Read more
The Federal Reserve announced rate cuts were coming last month. This has caused Treasury bill yields to fall. The reverse repo program now has a higher yield than bonds and this is again inhaling liquidity. The Federal Reserve will raise interest rates soon. In the meantime, crypto probably won’t do well. This is according to … Read more
Bitcoin’s price followed global assets in a fall similar to the market’s crash on August 5. More market detours are on the horizon as the Fed anticipates a rate cut this month, analysts say. Over the past 24 hours, bitcoin has been weighed down by a broad swath of technology stocks and other assets, briefly … Read more
Bitcoin price down. However, analysts say it’s too early to count on a crypto rally. Here’s what drives the price. Analysts say a number of macroeconomic factors will drive Bitcoin’s price to $100,000 and beyond. Their comments came as the world’s largest cryptocurrency fell below the $60,000 mark over the weekend, dampening traders’ confidence in … Read more
The Federal Reserve will soon cut interest rates. That means the US dollar could weaken against the yen. This has fueled fears that the yen carry trade could be halted, triggering another global stock meltdown. Federal Reserve Chair Jerome Powell announced last week that the US central bank is ready to cut federal interest rates. … Read more
“The time has come to adjust policy,” Fed Chair Jerome Powell said on Friday. Interest rate cuts won't be deep – especially in real terms. Issuers of tokenized Treasuries do not see cuts as a major threat. Federal Reserve Chair Jerome Powell confirmed traders must on Friday already know: A reduction in interest rates is … Read more
The Federal Reserve is likely to cut interest rates in September. Fed Chair Jerome Powell said it was time for a “policy adjustment.” It's finally happening. Federal Reserve Chair Jerome Powell on Friday gave strong indications that the US central bank will soon cut federal interest rates. “It's time to adjust policy,” Powell said at … Read more
The Federal Reserve has sought to cut rates urgently amid a global market selloff. However, emergency rate cuts could create more panic. Global markets suffered a sharp fall on Monday, spooking investors and fueling speculation that the Federal Reserve might need to step in faster. “I'm calling for an emergency 0.75% cut in the Fed … Read more