Bitcoin Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments

“The financial stability tools helped to calm conditions in the banking sector. Developments there, on the other hand, are contributing to tighter credit conditions,” says U.S. central bank chair Jerome Powell in a Friday panel.

• 2023-05-20
• Jerome Powell Ben Bernanke Thomas Laubach Research Conference rate hikes banking sector Bitcoin market capitalization CoinDesk

The Era Of Crypto: Bitcoin Sets New Record Of Daily Transactions Amid Banking Turmoil

It's been a tumultuous year for the financial sector, as macroeconomic headwinds caused the 16th-largest bank in the U.S. to shut its doors in March. An unforeseen upside is happening as decentralized cryptocurrencies make a stellar comeback after a brutal crypto winter last year. See Next: Gamers Making Thousands Selling Gaming Skins And Assets: Gameflip's Bold Vision For The Future Of Gaming Commerce Despite recessionary risks, people have been investing in riskier alternative assets such as c

• 2023-05-09
• First Republic Bank Bitcoin banking sector banking system Silicon Valley Bank centralized banking bank failure retail investors cryptocurrencies

Bitcoin's Dominance Rate Surges After U.S. Banking Crisis

Bitcoin's outperformance during the banking crisis indicates the cryptocurrency is the anti-dollar liquid play for investors, one portfolio manager said.

• 2023-05-04
• market dominance Silicon Valley Bank Bitcoin banking crisis banking sector Signature Bank cryptocurrency Silvergate Bank Manager Lewis Harland outperformance

Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank

BTC’s price had dropped from well above $29,000 since Sunday evening. Investors await Wednesday’s FOMC decision.

• 2023-05-02
• First Republic Bank market capitalization CoinDesk Edward Moya banking sector federal regulators

Bitcoin surges 9% toward key level of $30,000 as crypto market rallies amid fresh banking sector fears

"[Investors are] signaling risk-on sentiment, as they anticipate a potential softer Fed policy and liquidity injections surrounding First Republic."

• 2023-04-27
• First Republic Bank Silicon Valley Bank banking sector

Bitcoin Has Benefited From U.S. Dollar Liquidity to Support Banks: Morgan Stanley

Traders on Binance now set the daily price for BTC with the crypto exchange’s share of trading volume reaching 80%, the report said.

• 2023-03-27
• Morgan Stanley Bitcoin trading U.S. dollar banking sector tether

Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?

Coinbase's former CTO, among others, has predicted that bitcoin will reach $1 million as the dollar fades, but these doomsayers are ignoring other historical precedents.

• 2023-03-25
• Balaji Srinivasan banking crisis asset purchases Federal Reserve hyperinflation banking sector

Bitcoin rises above US$28,000; XRP biggest gainer in top 10 cryptos

Bitcoin continued to trade above US$28,000 on Wednesday afternoon in Asia. Ether also rose, along with all other top 10 non-stablecoin cryptocurrencies with XRP and Cardano leading gains.

• 2023-03-22
• XRP banking sector Ripple Labs Internal Revenue Service interest rates Cardano

Fed Preview: Powell Likely to Raise Rates by 25 bps Against Crypto Market's Hope for Status Quo

The Fed will publish its rate decision and quarterly economic projections on Wednesday at 18:00 UTC. A half hour later, Powell will speak at the post-meeting conference, offering more cues about the path forward.

• 2023-03-21
• basis points Michael Englund rate hikes Fed Jerome Powell banking sector

Bitcoin Barrels Past Banking Sector Troubles Toward One of its Biggest Weekly Gains

(Bloomberg) -- Bitcoin is on course for one of its biggest weekly gains of recent years, bolstered by wagers on eventual cuts in interest rates as the token rides out convulsions in the banking sector. Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000UBS, Credit Suisse Are Said to Oppose Idea of Forced Tie-UpFirst Republic Bank Is Exploring Options

• 2023-03-17
• Bloomberg banking sector Bitcoin Bitcoin investment digital asset interest rates