All eyes are on the historic decision made by Fed Chairman Jerome Powell as the leadership transition process at the Fed enters a critical phase. Powell ends his term on May 15, and the biggest question is whether he will resign, but whether that means a person staying on board. The process was further enhailed by the US Justice Department’s …
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While the Fed kept interest rates unchanged last night, as expected by hawkish remarks of Fed Chairman Jerome Powell, Bitcoin ($BTC) and altcoins were sharply down after their comments led to deep declines in Bitcoin (and Altcoine), while bitcoin was also severely affected. Bitcoin fell below $70,000, while Ethereum also dropped to around $2,100. While other altcoins experienced significant losses, …
Read More »By Omkar Godbole (All times ET unless indicated otherwise) Cryptocurr $BTC$73,051. A breather 31 and the wider crypto market are preparing for today’s Federal Reserve rate decision, which could confirm that interest-rate backdrop is becoming less of a tailwind. In the 3 – it is widely expected that the central bank will keep the benchmark borrowing cost unchanged. A quarter-third …
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In the Bitcoin (BTC) and cryptocurrency market, all eyes are on today’s FED meeting and the FED chairman’s statements. Afterward, the Fed is to announce its first interest rate decision of 2026 tomorrow (as it has been reported), and an oral statement from Fed Chairman Jerome Powell. In the wake of three consecutive interest rate cuts that began in September …
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BTC Treads Water as Trump Demands Rate Cut The Fed just maintained status quo last month, clinging to its 4.25-4.5 percent band for interest rates. Their justification? Inflation, that approbatory economic gremlin, “remains somewhat elevated.” But with the June 17-18 Fed meeting soon to convene, President Trump is going to the mat. It is a rather subtle choice of words, …
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