Bitcoin price surged above $94,000 today following a 25-basis-point rate cut by the Federal Reserve. The Fed lowered its benchmark interest rate to 3.50%–3.75% to support maximum employment and contain somewhat elevated inflation amid …
Tag:
Cuts
The Federal Reserve lowered its benchmark interest rate by 25 basis points to 3.75–4.00% on Wednesday, marking its second rate cut this year. The central bank said economic growth remains moderate while job gains …
After two sharp market drops this month, altcoins are again drawing attention from large investors. Despite broader caution, crypto whales appear to be positioning early for a rebound, buying key altcoins ahead of the …
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a …
US spot Bitcoin and Ether exchange-traded funds (ETFs) saw inflows on Tuesday as Federal Reserve Chair Jerome Powell hinted further rate cuts may come before year-end. Spot Bitcoin (BTC) ETFs saw $102.58 million in …
Federal Reserve (Fed) Chair Jerome Powell will deliver a speech on Economic Outlook and Monetary Policy at the National Associations for Business Economics (NABE) Annual Meeting in Philadelphia on Tuesday. With the US government …
Crypto Education
Recent Fedspeak Confirms Intentions for Rate Cuts to Contiue: BofA
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With very little in the way of government economic statistics, comments from Fed speakers have taken on greater import, and Bank of America found little in recent talk that would suggest the central bank …
NFT & Metaverse
Circle (CRCL) Can Withstand Rate Cuts as Stablecoin Demand Grows: Bernstein
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Wall Street broker Bernstein said Circle (CRCL) could take a revenue hit if U.S. rates fall sharply, but strong stablecoin demand and operating leverage may help soften the blow. Every 25 basis point drop …
