Tags : Fed

Bitcoin

Bitcoin Wipes Off Dangerous Bearish Cross After Fed Holds Rates

Key Bitcoin Takeaways Bitcoin formed a bearish cross earlier this week as it underwent a major sell-off. But the cryptocurrency counterbalanced fears of a further downside correction after the Federal Reserve’s policy update. The US central bank announced that it would keep near-zero interest rates steady. Earlier this week, a death cross formed on the […]Read More

Bitcoin

Bitcoin Jumps as Fed Signals Greenlight, Funding Rates Cool Off

After an early-morning slump as the crypto market waited in anticipation for the Fed meeting, Bitcoin (BTC) prices bounced more than 7% to $58,000 from an intraday low of $54,000. The broader crypto market welcomed Fed Chair Jerome Powell’s words as he reinstated that interest rates would remain at current levels until 2023. Alongside BTC, […]Read More

Bitcoin

Bitcoin Reclaims $30,000 After Fed Keeps Policy Steady; What’s Next?

Bitcoin prices reclaimed $30,000, a psychological support level, hours after slipping below it during the New York session Wednesday as investors assessed Jerome Powell’s decision to keep the Federal Reserve’s dovish policies steady. The US central bank chief asserted that his office would hold the benchmark interest rates near zero while purchasing government and corporate […]Read More

Market

Fed Chair Powell: ‘We’d Welcome Higher Inflation’

U.S. Federal Reserve officials voted Wednesday to keep monetary conditions at historically loose levels while waiting for the economy to heal. Chairman Jerome Powell said he doesn’t want to put a timeline on tapering the U.S. central bank’s $120 billion-a-month in asset purchases. “In terms of tapering it’s just premature,” Powell said. “We said we’d […]Read More

Market

Bitcoin Drops Below $30K, Dollar Bounces Ahead of Fed Reserve

Bitcoin and global equities are trading lower, while the anti-risk U.S. dollar is climbing ahead of a U.S. Federal Reserve meeting later today that may inject volatility into financial markets. The number-one cryptocurrency by market value is trading near $29,500 [updated] at press time, representing a near 10% drop on the day, according to CoinDesk […]Read More

Market

Risks Nobody’s Ever Seen, From the Fed to Tether (and

Bitcoin (BTC) was lower, though staying in its range over the past six days, between roughly $30,000 and $33,000.  Cryptocurrency traders and analysts planned to keep an eye on an expected Federal Reserve announcement Wednesday at 2 p.m. in Washington (19:00 UTC), detailing the U.S. central bank’s latest monetary-policy plans as the coronavirus continues to […]Read More

Bitcoin

Bitcoin Dips on Stronger Dollar Sentiment; Boost Ahead After Fed

Bitcoin prices edged lower on Wednesday, pressured by a stronger US dollar, as markets awaited the US Federal Reserve’s monetary policy outlook and progress around a stimulus deal. Spot BTC/USD fell more than 3 percent in the early Asian trading hours, hitting an intraday low of $31,567 per token. CME Bitcoin Futures eased by as […]Read More

Bitcoin

Bitcoin Weekly Outlook: Expect Bear Trap as Focus Shifts on

Bitcoin has switched its short-term market bias from bullish to bearish in the last two weeks. The flagship cryptocurrency attracted sellers as soon as it established a fresh record high near $42,000. While the price dropped by as much as 31.57 percent since then, it also recovered due to an apprehensible buying sentiment near psychological […]Read More