The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%.Wednesday’s rate cut was “fully…
Key points:Bitcoin brings upside volatility into the weekly close with a charge through $112,000 resistance.Traders hope for new local highs next as the BTC price recovery continues.The US Federal Reserve…
Ether’s recent rally to over $4,700 is being largely propped up by expectations of a US federal rate cut in September, which could prove disastrous if it doesn’t eventuate, crypto…
Soft U.S. July jobs numbers released Friday morning combined with shocking revisions lower to June and May prints to produce the weakest three-month period of employment growth since the Covid…
As was almost universally expected, the U.S. Federal Reserve Wednesday left its benchmark fed funds rate range steady at 4.25%-4.5%.In a rare departure from norms, two Fed governors — Michelle…
A COVID-era feature that characterized the bull run in all corners of financial markets, including bitcoin , has made a comeback in Switzerland, one of the most financial powerhouses of…
In March 2022, the Fed started raising interest rates due to the economic distortions it saw. We looked at the same aberrations above in labor, inflation, and economic output. However,…
While crypto assets booked double-digit gains during this week, with BTC sitting at record highs, funding rates for perpetual swaps on crypto exchanges are much closer to neutral levels than…
Cryptocurrency-related stocks also advanced on Wednesday after the rate cut. MicroStrategy (MSTR) was up 3.6% through the day, while shares of crypto exchange Coinbase (COIN) and investment firm Galaxy (GLXY)…
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