Tags : Steady

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 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

Federal Reserve Holds Rates, Asset Purchases Steady as Economic Activity

The Federal Reserve said Wednesday it would keep U.S. interest rates close to zero and continue its $120 billion-a-month bond-buying program.  “The pace of the recovery in economic activity and employment has moderated in recent months,” the committee said in a statement released after the meeting of the Federal Open Market Committee (FOMC). “The path […]Read More