Bitcoin Stuck Below $30K Before Likely Fed Rate Hike, While DOGE Spikes 7%

Except for the popular meme coin, which was recently up more than 10%, the largest cryptos by market cap were largely unchanged over the past 24 hours as investors awaited a likely 25 basis point increase from the U.S. central bank.

• 2023-07-26
• Elon Musk Twitter DOGE CoinDesk Bitcoin U.S. Federal Reserve

Bitcoin Falls to $30,000 Amid Expectations of Fed Rate Hike

A preliminary monthly report on the U.S. job sector jolted risk-on sentiments yesterday, as the market prepared for higher interest rates in July.

• 2023-07-07
• U.S. Department of Labor Bitcoin U.S. Federal Reserve Friday morning

Crypto Catalyst Watch: What Might Move Markets This Week

The Federal Reserve’s latest rate hike decision and U.S. inflation data are among key upcoming items.

• 2023-06-13
• headline inflation Consumer Price Index Producer Price Index economic news rate hikes U.S. Federal Reserve

U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K

Continued strong gains in monthly employment figures have added to the Fed's case for rate hikes.

• 2023-06-02
• Bureau of Labor Statistics BLS Federal Open Market Committee unemployment rate U.S. Federal Reserve

Bitcoin could hit $100,000 by end-2024, Standard Chartered says

Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called "crypto winter" is over. Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its rate-hiking cycle and improved profitability of crypto mining, Standard Chartered's head of digital assets research Geoff Kendrick said in a note.

• 2023-04-24
• Standard Chartered Geoff Kendrick digital assets U.S. Federal Reserve

Where the U.S. Government Went Wrong in Regulating Crypto

Former public policy attorney Keiko Yoshino writes about why she started paying attention to crypto, particularly the regulatory missteps.

• 2023-03-26
• Federal Deposit Insurance Corporation U.S. Treasury Department U.S. Federal Reserve executive branch Signature Bank alternative currency public servant

Bitcoin Holds Firm Above $28K, Equities Rise Amid Banking Sector Rebound

The FOMC will announce its next interest rate decision on Wednesday with markets betting squarely on a 25 basis point rate increase.

• 2023-03-22
• Federal Open Market Committee First Republic Bank foreign exchange market market capitalization Bitcoin U.S. Federal Reserve

Bitcoin Seesaws Below $28K as Investors Eye Fed Interest Rate Decision

The U.S. central bank is widely expected to boost the interest rate 25 basis points.

• 2023-03-21
• market capitalization Tom Shaughnessy Stefan Rust cryptocurrency U.S. Federal Reserve

Fed, ECB and Others Take Coordinated Steps to Boost Dollar Liquidity; Bitcoin Tops $28K

The U.S. Federal Reserve (Fed) on Sunday announced it had joined hands with other major central banks to ensure a steady flow of the U.S. dollar, a dominant reserve currency, in the global financial system. The Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and the Swiss National Bank from weekly to daily, starting Monday.

• 2023-03-20
• Swiss National Bank U.S. Federal Reserve Bank of Japan European Central Bank Bank of Canada the Bank of England central banks

Crypto Twitter Thinks the Fed's $297B Balance Sheet Expansion Is 'QE', But It's Not

According to some observers, the latest expansion in the Fed's balance sheet is not outrightly stimulative like the one seen following the coronavirus-induced crash of 2020.

• 2023-03-17
• balance sheet quantitative easing U.S. Federal Reserve Silicon Valley Bank mortgage-backed securities